Economy
VinFast CEO Steps Down Amid Restructuring; Founder Pham Nhat Vuong Exits Top Role
Vietnamese electric vehicle maker VinFast announced that its founder, Pham Nhat Vuong, has stepped down as CEO, with Trinh Van Ngan taking over. This move is part of a major restructuring that includes separating and selling its domestic production division.
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- VinFast Production Unit Appoints New CEO, Pham Nhat Vuong Focuses on Global Role
VFTP, the company owning VinFast's manufacturing arm, has appointed Trinh Van Ngan as its new CEO, replacing billionaire Pham Nhat Vuong. Vuong will continue as Global CEO of VinFast. This change is part of VFTP's business division and restructuring, aimed at improving the company's financial health and profitability.