Making their public debut

Pham Nhat Minh Hoang, Vuong's second son (born in 2000), recently made his first official public appearance at key Vingroup business events. In late November, he drew public attention while welcoming Bulgarian President Rumen Radev to VinFast’s Hai Phong factory.

Earlier, Vuong’s eldest son, Pham Nhat Quan Anh (born in 1993), made headlines in late 2022 when he debuted as Deputy General Director of VinFast’s Manufacturing Division. He represented VinFast during the signing of a memorandum of understanding (MOU) with Marubeni Corporation on battery recycling as part of the Vietnam-Japan Economic Forum in Tokyo. Quan Anh also joined his father earlier this year in hosting Indonesian President Joko Widodo during a visit to the VinFast complex in Hai Phong.

On December 6, the two brothers were seen dining at Pho Bat Dan with Nvidia Chairman Jensen Huang, a meeting that garnered widespread media attention. That same evening, for the first time, all three - Vuong and his two sons - were captured together in a single frame at the VinFuture 2024 Global Science and Technology Awards in Hanoi.

A video of Minh Hoang casually dressed during a rehearsal for the 8Wonder Winter mega-concert at Vinhomes Grand also recently went viral on social media, further fueling public curiosity about Vuong’s family.

Shaping Vingroup’s next chapter

The two sons of Pham Nhat Vuong, Vietnam’s richest billionaire, are emerging as prominent figures in Vingroup’s billion-dollar ecosystem, signaling the next generation’s involvement in steering the conglomerate’s future.

While remaining absent from Vingroup’s board or executive leadership, both Quan Anh and Minh Hoang have begun playing vital roles in Vingroup’s strategic subsidiaries.

In 2021, Quan Anh acquired a minority stake in VinFast, Vingroup’s electric vehicle (EV) manufacturing arm, and later became a shareholder in Vingroup, purchasing 150,000 VIC shares in 2023 under the company’s Employee Stock Ownership Plan (ESOP). His role at VinFast underscores his importance, with the EV maker now a top-five global company in terms of market capitalization in its sector.

Minh Hoang, meanwhile, was appointed CEO of For Green Future (FGF) in November 2023, a subsidiary dedicated to buying, leasing, and promoting EVs. With a charter capital of 200 billion VND, FGF supports Vingroup’s goal of expanding access to EVs and advancing Vietnam’s green transition toward achieving the government’s Net Zero pledge by 2050.

Beyond FGF’s focus on used EVs and rental services, Vingroup recently established VinRobotics, a robotics research and development company with 1,000 billion VND in capital. Vuong holds 39% of the shares, Vingroup owns 51%, and Quan Anh and Minh Hoang each contribute 5%. VinRobotics aims to optimize industrial and service operations by developing and integrating advanced robotics and AI technologies.

A growing presence in Vingroup’s high-tech ecosystem

Both sons are also involved in VinVentures, a $150 million technology investment fund founded by Vuong to support startups and technological innovation.

These developments reflect Vingroup’s strategic shift, announced in 2018, to pivot from its traditional focus on real estate and services to becoming a global leader in technology, industrial production, and EV manufacturing.

As Vingroup accelerates its transformation, Quan Anh and Minh Hoang are playing increasingly visible roles in its high-tech and industrial ecosystem, poised to contribute to the conglomerate’s future as part of its second-generation leadership.

Manh Ha