Vietnamese electric vehicle maker VinFast has appointed 33-year-old Pham Nhat Quan Anh, the eldest son of founder Pham Nhat Vuong, as chief executive of VinFast Global. Quan Anh, who became chairman of VinFast Global in May 2026, will also serve as chairman and CEO of VinFast Vietnam, assuming comprehensive responsibility for the company’s operations. He succeeds his father, who will remain on VinFast’s board. The appointment comes as VinFast pursues an asset-light restructuring, including a proposed transfer of about US$530 million in manufacturing assets alongside roughly US$6.9 billion in debt. The company reported nearly 42% first-quarter revenue growth but a wider net loss and is targeting 300,000 global deliveries this year. In parallel, Nguyen Quoc Tuan will become chairman of GSM Global, succeeding Pham Thu Huong, while Pham Nhat Minh Hoang will become CEO of GSM Global and GSM Vietnam. GSM’s Green SM mobility brand operates in seven countries and plans to enter at least three additional markets this year, while targeting a future listing on an international stock exchange.