HANOI—Vietnamese electric vehicle maker VinFast on Saturday named Pham Nhat Quan Anh, the eldest son of founder Pham Nhat Vuong, as its global chief executive.
Quan Anh, 33, also serves as chairman and CEO of VinFast Vietnam. He will oversee all of VinFast's operations as the company restructures into an asset-light model designed to reduce capital requirements and expand into Southeast Asia and India.
Quan Anh previously held the position of global chairman, a role he assumed in May. He is a graduate of Singapore Management University and has held senior positions at VinFast and other Vingroup companies.
Pham Nhat Vuong, founder of VinFast and chairman of Vingroup—Vietnam's largest conglomerate and VinFast's parent—will remain on the company's board and continue providing financial support.
VinFast, which has operated at a loss since inception, reported a net loss widening in the first quarter despite a 42 percent increase in revenue. In May, the company announced a restructuring plan involving the sale of manufacturing assets valued at approximately $530 million and the transfer of about $6.9 billion in debt. Some shareholders and analysts have raised concerns about the deal's complexity and the involvement of investors with ties to Vingroup and Vuong.
Quan Anh is VinFast's fifth chief executive. His predecessors included James DeLuca, a former General Motors executive; Michael Lohscheller, former Opel chief; and Le Thi Thu Thuy, who oversaw the company's Nasdaq listing.
On the same day, Pham Nhat Minh Hoang, Vuong's second son, was appointed global CEO of GSM, a taxi firm linked to VinFast. Nguyen Quoc Tuan was named global chairman of GSM. The company plans a Hong Kong listing in 2028 and has committed to purchasing approximately one million electric vehicles and four million e-scooters from VinFast between 2026 and 2030, creating a major sales channel for the automaker.
