VinFast appoints Pham Nhat Quan Anh as chairman

VinFast has appointed Pham Nhat Quan Anh, the eldest son of CEO Pham Nhat Vuong, as Chairman of the Board of Directors, effective 23 May, as the electric vehicle maker prepares for its next phase of global expansion, as reported by tnglobal.

Anh replaces Le Thi Thu Thuy, who is stepping down as Chairwoman and member of the Board of Directors. The company said the leadership transition would “strengthen the foundation for VinFast’s long-term and sustainable growth”.

Thuy will continue in her role as Vice Chairwoman of Vingroup, the parent conglomerate and a major shareholder in VinFast.

Pham Nhat Vuong, founder and Chairman of Vingroup, also serves as CEO of VinFast.

Rising influence

Anh currently serves as Vice Chairman and Standing Deputy General Director at VinFast Trading and Production JSC. According to the company, he has played a major role in VinFast’s journey from a domestic carmaker in Vietnam to an emerging global EV brand.

In a statement, Anh reaffirmed the company’s focus on “long-term strategy, innovation, global operations, and customer experience”.

The 33-year-old executive holds a bachelor’s degree in business management from Singapore Management University.

Before joining VinFast in 2019, he worked at Vinpearl, another Vingroup business, where he served as Deputy General Director and Deputy Chief Operating Officer between 2017 and 2019.

Since joining VinFast in February 2019, Anh has held several senior leadership roles across vehicle development, manufacturing, sales, marketing and after-sales operations.

His previous positions include Deputy General Director of Global Sales, Marketing and Aftersales, along with Director of the Planning, Programme Coordination and Quality Inspection Division.

Anh also serves as CEO of VinMetal, Vingroup’s steel manufacturing subsidiary.

Expansion gamble

VinFast was founded in 2017 and initially produced petrol-powered vehicles before fully shifting to electric vehicles four years later.

The company reported record revenues of VND90.4 trillion (US$3.6 billion) last year, marking a 139 per cent jump from 2024. However, it also recorded a net loss of more than VND97 trillion.

Earlier this month, VinFast announced plans to sell its manufacturing business in Vietnam and transfer around VND182 trillion in debt to a group of buyers that includes Vuong.

Following the restructuring, the company plans to focus on research, product development and technology innovation.

Vuong has also pledged that VinFast will turn profitable next year.

Family legacy

Anh’s elevation to chairman further cements the influence of Vietnam’s richest family within the EV maker as VinFast intensifies its international ambitions and attempts to move closer to profitability in an increasingly competitive global electric vehicle market.