Pham Nhat Quan Anh, the eldest son of Vingroup chairman and billionaire Pham Nhat Vuong, has been appointed a director of automaker VinFast.
Anh took the position starting Thursday, according to a VinFast announcement Friday.
The 32-year-old holds a bachelor’s degree in Business Administration from Singapore Management University.
From 2017 to 2019, he served as deputy general director of Vinpearl, the hospitality arm of conglomerate Vingroup.
He joined VinFast in 2019 and has since held several positions, including division director, deputy CEO, and vice president.
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Pham Nhat Quan Anh (front, L) seen at a signing event. Photo courtesy of Vingroup |
Quan Anh currently holds 150,000 Vingroup shares. He is also a shareholder in several companies in Vingroup’s ecosystem such as VinEnergo, VinRobotics and VinSpace.
VinFast posted VND18.1 trillion (US$687 million) in revenue in the third quarter, up 46.8% year-on-year. It sold 38,200 electric cars, a 74% increase.
The company posted a net loss of VND23.95 trillion, an 81% increase from the loss recorded in the same period last year.
As of Sep. 30, VinFast’s accumulated losses had reached VND329.72 trillion. In 2023, Vuong said the automaker was expected to incur losses for several years.
VinFast was founded in 2017 by Vuong. Four years later, the company shifted entirely to electric vehicle production, closing its gasoline car segment.
But it may start to add hybrid vehicles to its product lineup as early as next year.
