VinFast taps founder’s son as chairman to navigate losses, rapid expansion

Vietnamese EV maker VinFast has appointed Pham Nhat Quan Anh, the founder’s eldest son, as its new chairman. (Photo: VinFast)

Vietnam’s electric vehicle maker VinFast—often dubbed the “Tesla of Vietnam”—announced on May 25 the appointment of Pham Nhat Quan Anh, eldest son of Pham Nhat Vuong, as its new chairman. His immediate mandate is expected to focus on steering the company toward profitability while sustaining its aggressive global expansion strategy.

Next-generation leadership emerges within Vingroup

Pham Nhat Quan Anh previously served as vice chairman and deputy general director of VinFast Trading and Production (VFTP), the group’s manufacturing arm. He succeeds Le Thi Thu Thuy, who will step down as chair but remain within parent group Vingroup as vice chairwoman, overseeing broader corporate strategy.

Unlock the full article to explore three key takeaways:

1. VinFast has appointed Pham Nhat Quan Anh, 33, son of founder Pham Nhat Vuong, as chairman effective May 23, 2026.
2. The company posted a net loss of USD 3.87 billion in 2025, even as global EV deliveries doubled to a record high.
3. VinFast is spinning off its capital-intensive manufacturing arm VFTP, pivoting to an asset-light model focused on design and branding.