According to the National Business Registration Portal, Mr. Pham Thieu Hoa has been appointed as the CEO of VinSpeed High-Speed Railway Investment and Development Joint Stock Company.
In addition to his new role at VinSpeed, Mr. Hoa remains the Chairman of the Board of Directors at Vinhomes Joint Stock Company.
Born in 1963 in Ha Nam, Mr. Pham Thieu Hoa holds a Master’s degree in Business Administration. From 1987 to 2002, he managed import-export operations at Leaprodexim Vietnam.
From 2003 to 2005, Mr. Hoa served as Deputy Director of Business at Technocom Group, a Ukrainian instant noodle manufacturer founded by Pham Nhat Vuong (the precursor to Vingroup).
In December 2005, he was appointed as Project Development Director at Vincom Joint Stock Company. He also serves on the Boards of Directors for Royal City Real Estate Investment and Development JSC and West Lake Real Estate Investment and Development JSC.
Vinhomes Chairman Pham Thieu Hoa. (Photo: VHM)
In February 2015, Mr. Hoa was elected to the Board of Directors of South Hanoi Urban Development JSC. He also chairs the Board of Sai Dong Urban Development and Investment JSC and serves as Deputy CEO of South Hanoi Urban Development JSC.
In February 2018, he was appointed Deputy CEO of Project Development at Vinhomes. On May 18, 2019, he succeeded Ms. Luu Thi Anh Xuan as CEO of Vinhomes.
From July 8, 2020, he served on the Vinhomes Board of Directors and was elected Chairman on May 11, 2022.
Founded in May by billionaire Pham Nhat Vuong, VinSpeed focuses on railway infrastructure, locomotive, and train carriage manufacturing. Mr. Vuong owns 51% of the company, his sons Pham Nhat Quan Anh and Pham Nhat Minh Hoang hold 1%, Vietnam Investment Group (VIG) owns 35%, and Vingroup holds 10%. The company’s charter capital is currently VND 15 trillion.
Alongside the new CEO appointment, VinSpeed will acquire 243.4 million Vingroup shares (VIC) from Hung Long Real Estate Management and Investment JSC as part of a merger. Post-transaction, VinSpeed will own 378.1 million VIC shares (9.77%).
VinSpeed aims to commence operations before December 2030 and is negotiating with partners from leading railway nations like China, Germany, and Japan to acquire locomotive, carriage, signaling, and control technologies.
The company’s goal is to master these technologies, fostering a self-reliant and modern Vietnamese railway industry.
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