Phạm Nhật Vượng's Son Increases VinFast Capital by Nearly $1 Billion
Phạm Nhật Vượng's son, Phạm Nhật Quân Anh, has recently taken the helm as Chairman of VinFast Vietnam and

VinFast Vietnam has announced a substantial increase in its charter capital, raising it from over 10.183 trillion VND to more than 35.183 trillion VND, which is nearly 3.5 times the previous amount. This capital boost, amounting to 25 trillion VND, comes as the company transitions to new leadership under Pham Nhat Quan Anh, the son of billionaire Pham Nhat Vuong, who has assumed the roles of Chairman and CEO.
The decision to increase capital was made on September 29, 2026, and all contributions are recorded in Vietnamese Dong. Following this capital increase, domestic private capital now constitutes 98.472% of the company, while foreign capital accounts for 1.528%. The only foreign shareholder, VinFast Auto Ltd., based in Singapore, owns over 53.75 million common shares, valued at more than 537.5 billion VND, with its ownership share declining from approximately 5.28% to 1.528%.
Pham Nhat Quan Anh took over the CEO position from his father in September 2026. VinFast was established on June 19, 2026, as part of a restructuring effort. This restructuring involved separating part of the assets and operations of VinFast Manufacturing and Trading Corporation (VFTP) into VinFast Vietnam. Subsequently, VinFast divested its entire stake in VFTP, transferring domestic production to a new group of investors led by the Future Investment and Development Research Joint Stock Company, which is a successor to Novatech, with Pham Nhat Vuong participating as a minority investor.
According to VinFast's announced strategy, activities requiring significant investment will be consolidated under an independent production platform owned and operated by a third party. VinFast will focus on brand development, product research, and technology. In this new structure, VinFast Vietnam will take over global research and development operations, after-sales services, sales business, and all shares in three companies: VinFast Commercial & Services Trading LLC, VinFast Engineering Australia Pty Ltd, and VinFast Germany GmbH.
On September 26, the shareholders' meeting of VinFast Manufacturing and Trading Corporation approved the merger with the Future Investment and Development Research Joint Stock Company. Following the merger, the Future Company will cease to exist, while VinFast Manufacturing and Trading Corporation will continue its operations under its current name and expand its business activities to include those of the merged company. After this merger, the charter capital of VinFast Manufacturing and Trading Corporation will increase to 214.0098 trillion VND, inheriting all legal rights, unpaid debts, employment contracts, and other asset obligations of the Future Company.
This restructuring process, which began in 2025 with the separation of Novatech, had previously caused a significant reduction in the charter capital of VinFast Manufacturing and Trading Corporation, dropping from over 156.559 trillion VND to approximately 50.793 trillion VND.