VinFast Gets a New Global CEO: Founder's Son Takes Over as Losses Deepen
Pham Nhat Quan Anh, 33, takes full control of the EV maker's global operations as his father steps back — and as quarterly losses swell past $1 billion.
VinFast has kept its top job in the family. Pham Nhat Quan Anh, the 33-year-old son of founder Pham Nhat Vuong, has taken over as CEO of VinFast Global, assuming full control of the Vietnamese EV maker's operations just as its losses hit record levels.
Quan Anh had been chairman of VinFast Global since May. Under the changes announced on September 12, he adds the chief executive title and also becomes chairman and CEO of VinFast Vietnam, taking what the company calls ultimate responsibility for a business that now spans 16 countries. A Singapore Management University graduate, he stays on as CEO of VinMetal, a steel producer within the Vingroup ecosystem.
The reshuffle reaches beyond the automaker. At GSM, the Vingroup-affiliated operator of the Green SM electric taxi and ride-hailing brand, Nguyen Quoc Tuan moves up from CEO to chairman, while Pham Nhat Minh Hoang — Vuong's younger son, born in 2000 — becomes CEO of GSM Global and GSM Vietnam. Bloomberg and Reuters both framed the moves as a coordinated generational handover within Vietnam's largest conglomerate.
A handover under financial pressure
Vuong, who in 2013 became the first Vietnamese entrant on the Forbes billionaires list, took the VinFast CEO role himself in January 2024, replacing Le Thi Thu Thuy, and has personally bankrolled much of the company's global push. According to Reuters, he will remain on VinFast's board after handing over day-to-day control.
His son inherits a company growing fast and burning cash faster. In the first quarter of 2026, VinFast lifted revenue 41.7 percent to $920.7 million and delivered 58,577 EVs, up 61 percent year over year. The net loss, however, widened to $1.12 billion from $700.4 million a year earlier, dragged down by an extended free-charging program and inventory write-downs.
Quan Anh has already been the public face of the fix. As chairman, he pushed VinFast toward what he described as a more asset-light and capital-efficient model in Vietnam, shifting spending discipline to the center of the company's investor story.
The operational footprint he takes over includes four plants building electric cars and motorcycles across Vietnam, Indonesia, and India, plus a fast-growing franchised dealer network in North America, Europe, the Middle East, and Asia. GSM, meanwhile, operates in seven countries, plans to enter at least three more this year, and is targeting a listing on an international stock exchange — meaning the second generation of the Pham family could soon be running two publicly traded companies.
