VinFast
Auto
Ltd.
electric
vehicle
VF8
model
at
the
company’s
showroom
in
Hanoi,
Vietnam,
on
Thursday,
Sept.
7,
2023.
VinFast
is
one
of
Vietnam’s
most
high-profile
companies,
backed
by
the
country’s
wealthiest
man Pham
Nhat
Vuong
who
has
established
Vingroup
JSC,
a
conglomerate
spanning
homes,
hotels,
hospitals
and
shopping
malls.
The
group,
together
with
its
affiliates
and
lenders,
have
deployed
$8.2
billion
to fund VinFast’s
operating
expenses
and
capital
expenditures
the
last
six
years.
Photographer:
Linh
Pham/Bloomberg
via
Getty
Images
Bloomberg
|
Bloomberg
|
Getty
Images
Vietnamese
electric
vehicle
maker
VinFast
on
Saturday
named
its
founder
and
biggest
financial
backer
Pham
Nhat
Vuong
as
chief
executive
as
it
plans
an
ambitious
overseas
expansion
and
ramps
up
sales
via
dealerships.
Vuong,
55,
replaces
Le
Thi
Thu
Thuy,
who
held
the
post
since
late
2021,
VinFast
said
in
a
statement.
Thuy,
a
finance
expert,
will
serve
as
chairwoman
and
lead
engagement
with
external
stakeholders.
Vuong,
also
the
founder
and
chairman
of
Vingroup
—
Vietnam’s
biggest
conglomerate
and
VinFast’s
parent
company
—
will
directly
oversee
the
EV
maker’s
operations,
including
global
production,
sales
and
marketing,
the
company
said.
He
will
be
VinFast’s
fourth
chief
executive.
Previous
CEOs
include
General
Motors
veteran
James
Deluca
and
Michael
Lohscheller,
who
came
from
Opel
and
Volkswagen.
In
the
latest
executive
changes
for
the
ambitious
Vietnamese
automaker,
VinFast
appointed
Nguyen
Thi
Lan
Anh,
who
oversees
financial
matters
at
Vingroup’s
EV
battery
arm,
as
chief
financial
officer,
replacing
David
Mansfield,
who
was
in
place
from
2022.
watch
now
