VinFast's Vietnam manufacturing subsidiary has replaced its board chairman for the second time in weeks, part of a rapid leadership overhaul that also removed billionaire Phạm Nhật Vượng from the local CEO role. The moves, disclosed in a filing to the Hanoi Stock Exchange on June 29, 2026, point to a deliberate separation between domestic production governance and the company's broader global ambitions.
Board Chair Swap at the Vietnam Unit
The extraordinary shareholders' meeting of Công ty CP Sản xuất và Kinh doanh VinFast resolved on June 29 to accept the resignation of Thái Thị Thanh Hải as board chairwoman and board member. The same day, the board elected Ngô Phi Hùng to fill the role, granting him the full statutory powers of a chairman under Vietnam's Enterprise Law and the company's own charter, according to a mandatory disclosure sent to the Hanoi Stock Exchange.
Vượng Steps Back From Local CEO Post
Just one week earlier, on June 22, the board had already removed Phạm Nhật Vượng from the position of CEO of the Vietnam manufacturing entity, appointing Trịnh Văn Ngân in his place. Ngân brings prior experience at large industrial and automotive manufacturing conglomerates, though specific past roles were not detailed in the filing. Crucially, the source notes that Vượng retains his position as Global CEO of VinFast — meaning the restructuring strips him of day-to-day domestic oversight while preserving his authority over the international business.
The Global Entity Gets New Leadership Too
The domestic shuffle mirrors changes already underway at the listed global holding company, VinFast Auto Ltd. In late May 2026, the board of the global entity appointed Phạm Nhật Quân Anh as chairman, replacing Lê Thị Thu Thủy, who moved back to a strategic role at parent group Vingroup. Quân Anh, who holds a business degree from Singapore Management University, joined VinFast in February 2019 after serving in senior operational roles at Vinpearl. He has since held leadership positions across vehicle development, manufacturing, sales, and after-sales service — making him one of the few executives in the group with cross-functional exposure to the full production cycle.
A Pattern of Rapid Executive Turnover
Three senior appointments across two VinFast entities within roughly five weeks is an unusually concentrated governance shift for a company that is simultaneously managing factory ramp-ups, overseas market entries, and a publicly listed share price subject to investor scrutiny. The speed suggests the changes are coordinated from the top rather than reactive. Separating the global CEO role — held by the founder — from the domestic operating entity gives Vượng room to focus on international deals and investor relations while a dedicated management layer handles Vietnam plant operations.
What Investors Should Watch
For investors in VinFast Auto Ltd. shares, the key question is whether the new domestic leadership team at the manufacturing subsidiary can maintain output continuity and quality control at the Hải Phòng plant, which remains the production backbone for vehicles sold globally. Leadership transitions in manufacturing carry operational risk, particularly when they cluster together. At the same time, installing dedicated domestic managers while Vượng concentrates on global strategy could improve execution if both layers are clearly empowered. The coming quarters will reveal whether the restructuring translates into steadier production metrics or introduces further organizational friction.
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