Billionaire Pham Nhat Vuong's son becomes General Director of steel company to replace Mr. Do Tien Si

Mr. Do Tien Si returns to lead Pomina. The position of General Director of VinMetal is transferred to Mr. Pham Nhat Quan Anh.

Mr. Pham Nhat Quan Anh (center of photo) will replace Mr. Do Tien Si as General Director of VinMetal - Photo: NGUYEN KHANH

After a series of moves related to VinMetal Production and Trading Joint Stock Company, Vingroup Corporation has just announced information on cooperation and support for Pomina Steel Joint Stock Company.

Specifically, Vingroup will lend Pomina working capital with a maximum interest rate of 0% for 2 years, and choose Pomina as a preferred supplier for the entire business ecosystem.

Accordingly, preferential capital from Vingroup will help Pomina improve cash flow, restore the supply chain, ensure stable production activities and gradually recover financial and business indicators.

In addition to providing capital, the group will also prioritize Pomina as a steel supplier for its member companies VinFast , Vinhomes, and VinSpeed. The company said that prioritizing Pomina steel is also part of its plan to increase the localization rate of materials in large projects.

Mr. Nguyen Viet Quang, Vice Chairman of the Board of Directors and General Director of Vingroup, said that the unit hopes that Pomina will have the opportunity to regain growth momentum, consolidate its position in the domestic market, and thereby continue to create value and contribute to the country.

Along with the financial support package and ensuring consumption channels for Pomina, Vingroup also supports Pomina in accelerating the restructuring process and strengthening the management team. Mr. Do Tien Si will return to manage Pomina, leading the recovery and development strategy of the enterprise in the new period.

At VinMetal, the position of General Director was transferred to Mr. Pham Nhat Quan Anh, to ensure continuity in Vingroup's metallurgical development strategy.

Mr. Pham Nhat Quan Anh is currently a member of the Board of Directors of VinFast and has held many key management positions such as Vice Chairman, Permanent Deputy General Director in charge of global after-sales, etc.

On October 6, Vingroup announced the establishment of VinMetal to enter the metallurgical industry.

The company has a charter capital of 10,000 billion VND. Vingroup contributed 98%, the two sons of billionaire Pham Nhat Vuong each contributed 1% of the capital. On November 13, the company announced that it had increased its capital from 10,000 billion VND to 15,000 billion VND. Shareholders contributed 15,000 billion VND in cash.

The company focuses on civil steel lines in construction, hot-rolled steel, high-strength steel and special alloy steel for electric vehicle production and high-speed traffic infrastructure.

According to Vingroup, the establishment of VinMetal aims to supply material needs for the real estate sector, electric vehicle production and industrial, energy and transportation projects such as the North-South high-speed railway, the Ho Chi Minh City - Can Gio and Hanoi - Quang Ninh routes.

In early November 2025, VinMetal decided to appoint Mr. Do Tien Si as General Director and legal representative to replace Mr. Nguyen Viet Quang - General Director of Vingroup.

Mr. Si is a veteran in the steel industry with 30 years of experience, holding the position of General Director and Vice Chairman of Pomina. Mr. Si is the younger brother of Mr. Do Duy Thai - Chairman of Pomina.

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NGUYEN NGUYEN

Source: https://tuoitre.vn/con-trai-ti-phu-pham-nhat-vuong-lam-tong-giam-doc-cong-ty-thep-thay-ong-do-tien-si-20251125191536119.htm