VinFast appoints Pham Nhat Vuong as CEO while Le Thi Thu Thuy steps into Board Chair role

– VIETNAM, Hanoi –  VinFast Auto Ltd., (NASDAQ: VFS), Vietnam’s leading electric automotive manufacturer, today announced that Pham Nhat Vuong, founder, and Chairman of Vingroup Joint Stock Company – VinFast’s parent company – will transition from his current role as the Chairman of the Board of Directors of VinFast to assume the executive position of CEO of VinFast, and will continue to serve to the Board as Managing Director.

Concurrently, Madame Le Thi Thu Thuy will transition from her current role as CEO to assume the position of Chairwoman of the Board of Directors.

Madame Thuy said: “I strongly believe that VinFast will continue to thrive as it benefits from Mr. Pham’s leadership and business acumen, and I am looking forward to working with him and the rest of the management team in my new role to guide and support VinFast’s continued growth. While my title is changing, I am happy to say that I will continue to engage with VinFast’s external stakeholders and the Company’s fundraising efforts. I look forward to continuing our dialogue as we progress on achieving our ambitious strategy. Finally, as Chairwoman, I plan to focus on ensuring we carry out VinFast’s mission while upholding the Company’s high governance standards.”

Mr. Pham previously served as the Chairman of VinFast’s Board of Directors since March 2022, in addition to being Chairman of the Board of Directors of Vingroup. In 2013, he became the first Vietnamese billionaire to enter the list of the world’s richest individuals compiled by Forbes.

Madame Thuy, who is now transitioning to the role of Chairwoman, served as the Managing Director of the Board and CEO since March 2022. She joined Vingroup in 2008 as the conglomerate’s CFO and was later appointed as the CEO of Vingroup and VinSmart Research & Manufacturer Joint Stock Company before resigning from those positions in 2014 and 2021. She has been the Chairwoman of VinFast and Vice-Chairwoman of Vingroup since the Company was founded in 2017.

About VinFast

VinFast – a member of Vingroup – envisions driving the advancement of the global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.

Strongly committed to the mission of a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet.

More Information:

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.