Pham Nhat Vuong's son joins VinFast Board of Directors

Mr. Pham Nhat Quan Anh, standing in the front row on the left. Photo: VIC — Mr. Pham Nhat Quan Anh, standing in the front row on the left. Photo: *VIC*

The information has just been announced by VinFast . Mr. Pham Nhat Quan Anh was born in 1993, has a bachelor's degree in Business Administration from Singapore Management University. During the period 2017-2019, he held the role of Deputy General Director of VinPearl Joint Stock Company.

By 2019, this businessman joined VinFast, having held many positions such as Vice President, Deputy General Director in charge of after-sales, Director of the block... Currently, Mr. Quan Anh still holds 150,000 VIC shares and is a major shareholder of a series of companies in the Vingroup ecosystem such as VinEnergo, VinRobotics, VinSpace...

VinFast also announced its third quarter results with revenue of VND18,100 billion, equivalent to USD718.6 million, up 46.8% over the same period last year. During the period, the company sold nearly 38,200 electric cars, up 74%. The number of motorbikes delivered was five times higher than last year. However, after deducting expenses, the company had a net loss of VND23,952 billion, up 81% over the same period last year.

In the first 9 months, this company earned a total of more than 51,000 billion VND in revenue, equivalent to more than 2 billion USD, an increase of 85% compared to last year. However, the company still had a net loss of 61,940 billion VND. In 2023, Mr. Pham Nhat Vuong, Chairman of the Board of Directors of Vingroup and General Director of VinFast, shared that this car company expected to lose money for many years, which is part of the management's plan.

As of September 30, VinFast had accumulated losses of VND329,723 billion, causing negative equity of more than VND99,000 billion. The company's total assets reached VND183,183 billion.

In a report submitted to the US Securities and Exchange Commission (SEC), VinFast plans to contribute VND20,700 billion (equivalent to USD826.3 million) to participate in the real estate business with Saigon Glory. This electric car company will enjoy a minimum pre-tax profit of about VND20,800 billion (USD830.3 million) during the cooperation period.

PV (synthesis)

Source: https://baohaiphong.vn/con-trai-ong-pham-nhat-vuong-tham-gia-hoi-dong-quan-tri-vinfast-527420.html