Billionaire Pham Nhat Vuong's son becomes General Director of VinMetal steel company

(Dan Tri) - VinMetal has just announced its cooperation with Pomina Steel and appointed Mr. Pham Nhat Quan Anh - son of Mr. Pham Nhat Vuong - as the company's General Director.

Vingroup has just announced its cooperation with Pomina Steel Joint Stock Company. Specifically, through a special financial package and preferential partnership, Vingroup - through VinMetal Production and Trading Joint Stock Company - will lend working capital to Pomina at a maximum interest rate of 0% for 2 years. The Group also selected Pomina as a priority supplier for the entire Vingroup ecosystem.

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, Vingroup will also prioritize choosing Pomina as a steel supplier for member companies in the ecosystem such as VinFast , Vinhomes, VinSpeed... to contribute to ensuring sustainable output for businesses.

The company said that prioritizing Pomina Steel is also part of its plan to increase the localization rate of materials in the group's large projects in Vietnam.

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.

In particular, Mr. Do Tien Si will return to manage Pomina, leading the business's recovery and development strategy in the new period.

In addition, Vingroup also said that at VinMetal, the position of General Director will be transferred to Mr. Pham Nhat Quan Anh - the eldest son of Mr. Pham Nhat Vuong - to ensure continuity in Vingroup's metallurgical development strategy.

Mr. Pham Nhat Quan Anh (Photo: Vingroup).

VinMetal was established on October 10 with an initial charter capital of VND10,000 billion. The founding shareholder structure includes Vingroup Corporation holding 98% of the capital, equivalent to VND9,800 billion. The two individual shareholders are Mr. Pham Nhat Quan Anh and Mr. Pham Nhat Minh Hoang, each owning 1% of the charter capital, equivalent to VND100 billion.

VinMetal will focus on producing civil steel lines for construction; hot-rolled steel, high-strength steel, and special alloy steel for electric vehicle production and high-speed traffic infrastructure.

In particular, key products include high-quality steel plates and stamped steel for vehicle bodies, rail steel and bridge-port-railway structural steel that meet international standards, aiming to replace imported sources and gradually export to the region.

Source: https://dantri.com.vn/kinh-doanh/con-trai-ty-phu-pham-nhat-vuong-lam-tong-giam-doc-cong-ty-thep-vinmetal-20251126111413500.htm