Pham Nhat Vuong, the founder of Vietnam’s electric vehicle (EV) manufactuer VinFast, has handed the top executive roles at his electric-vehicle maker VinFast and its affiliated ride-hailing company GSM to his two sons.
In a statement last Saturday, Vingroup, the parent firm of VinFast, said Pham Nhat Quan Anh, Vuong’s eldest son and Chairman of VinFast Global, will become chief executive of VinFast Global, succeeding his father.
Quan Anh, born in 1993, had already become chairman of VinFast Auto Ltd., the Singapore-based, Nasdaq-listed parent, in May. He also remains chief executive of Vingroup’s steel unit, VinMetal.
Quan Anh now holds ultimate and comprehensive responsibility for all of VinFast’s operations as the company enters a new phase of growth, Vingroup noted.
His younger brother, Pham Nhat Minh Hoang, will become chief executive of GSM Global and GSM Vietnam. GSM is known for operating only VinFast cars and motorbikes.
At GSM, Nguyen Quoc Tuan, previously chief executive, becomes chairman, succeeding Pham Thu Huong, Vuong’s wife.
Vingroup highlighted the changes as part of a broader move at Vingroup to hand responsibility to a younger generation of in-house leaders as the two companies expand globally.
The handover comes as VinFast pursues an aggressive overseas expansion and restructures into a more “asset-light” company. Earlier this year it sold its Vietnamese EV manufacturing company, VinFast Trading and Production, to investors in Vietnam. VinFast keeps its brand, research, and sales body under the listed parent.
VinFast now sells vehicles in 16 countries and builds EV at four plants in Vietnam, Indonesia, and India.
According to data, Vietnam’s automobile sales reached 48,484 in August 2026, down 18 percent from July. VinFast accounted for the biggest portion of 20,161 units, or 42 percent of the total. The total figure does not include imported cars.