Brian Jeffrey
Pham Nhat Minh Hoang, Vuong’s younger son born in 2000, recently made headlines during significant Vingroup events, notably welcoming Bulgarian President Rumen Radev at VinFast’s Hai Phong factory in late November.
Meanwhile, Vuong’s eldest son, Pham Nhat Quan Anh (born in 1993), gained attention in late 2022 after being appointed Deputy General Director of VinFast’s Manufacturing Division. He represented VinFast at the signing of a memorandum of understanding with Marubeni Corporation regarding battery recycling at the Vietnam-Japan Economic Forum in Tokyo and co-hosted Indonesian President Joko Widodo during a visit to the VinFast complex.
On December 6, both brothers had a notable dinner with Nvidia Chairman Jensen Huang, capturing media interest. That evening also marked their first public appearance together with Vuong at the VinFuture 2024 Global Science and Technology Awards in Hanoi.
A video showcasing Minh Hoang in casual attire during a rehearsal for the 8Wonder Winter mega-concert at Vinhomes Grand also went viral online, increasing public intrigue around the Vuong family.
Pham Nhat Vuong’s two sons are stepping into significant roles within Vingroup’s extensive corporate structure, indicating a shift towards a new generation taking charge of the company’s future.
Although neither Quan Anh nor Minh Hoang is part of Vingroup’s executive board, both are actively engaging in pivotal roles within the conglomerate’s various subsidiaries.
In 2021, Quan Anh acquired a minority stake in VinFast, the company’s electric vehicle (EV) manufacturing branch, and became a shareholder in Vingroup by purchasing 150,000 VIC shares in 2023 through the Employee Stock Ownership Plan (ESOP). His involvement is crucial, as VinFast is now among the top five global companies by market capitalization in the EV sector.
Minh Hoang took on the role of CEO at For Green Future (FGF) in November 2023, a subsidiary focused on EV sales and leasing, contributing 200 billion VND in capital to push for wider EV adoption and support Vietnam’s transition towards achieving its Net Zero commitment by 2050.
Besides FGF’s work on electric cars, Vingroup has also launched VinRobotics, a robotics R&D firm with 1 trillion VND in funding. Vuong holds a 39% stake, while Vingroup has 51%, and both sons own 5% each. VinRobotics aims to enhance industrial and service efficiency through advanced robotics and AI technology development.
Additionally, the brothers are involved in VinVentures, a $150 million investment fund aimed at nurturing startups and technological advancements.
These emerging roles illustrate Vingroup’s strategic realignment since 2018, shifting focus from traditional real estate and services to becoming a leading player in technology, industrial innovation, and EV production.
As Vingroup increasingly transforms, Quan Anh and Minh Hoang are set to play vital parts in its advanced technology and industrial landscape, signaling the rise of their leadership in the conglomerate’s future.
