Vinmetal Joint Stock Company, a member of Vingroup (HOSE: VIC), has announced the appointment of Mr. Do Tien Si as the new CEO and Legal Representative, succeeding Mr. Nguyen Viet Quang, who previously held this position alongside his role as Vingroup’s CEO. Mr. Quang will continue as Chairman of Vinmetal’s Board of Directors.
Experienced Leader in Steel and Retail Industries
Born in 1967, Mr. Do Tien Si is a prominent figure in Vietnam’s business community with over 30 years of experience in steel production, corporate management, and investment.
He currently serves as CEO and Vice Chairman of Pomina Steel Corporation (HOSE: POM), and is a Board Member of Mobile World Investment Corporation (HOSE: MWG), as well as a member of its Audit Committee since May 2025.
Mr. Si holds a Bachelor’s degree in Management & Marketing from Monash University (Australia) and an MBA from INSEAD (France) and Tsinghua University (China).
Previously, he served as Deputy CEO of Tay Do Steel Company (1995–2000), then joined Pomina, becoming its CEO (2000–2008). His leadership helped Pomina become one of Vietnam’s largest steel producers. He also served as Chairman of Pomina (2022–2023) and currently holds over 8.6 million POM shares, equivalent to 3.08% of its charter capital.
Mr. Do Tien Si
Vinmetal – A New Piece in Vingroup’s Ecosystem
Vinmetal was established by Vingroup on October 6, 2025, with a charter capital of 10 trillion VND. Vingroup owns 98% of the shares, while Mr. Pham Nhat Vuong’s sons, Pham Nhat Quan Anh and Pham Nhat Minh Hoang, each hold 1%.
The company aims to build a high-tech industrial steel complex in the Vung Ang Economic Zone (Ha Tinh), with an initial capacity of approximately 5 million tons/year.
Vinmetal focuses on producing civil construction steel, hot-rolled steel, high-strength steel, and specialty alloy steel for electric vehicles and high-speed infrastructure. Key products include high-quality steel sheets and stamped car bodies, railway steel, and structural steel for bridges, ports, and railways, meeting international standards to replace imports and gradually export to the region.
According to a Vingroup representative, the company’s establishment aims to supply materials for Vingroup’s core sectors, such as Vinhomes real estate and VinFast electric vehicle production. Vingroup also seeks to secure high-quality steel for industrial, energy, and transportation projects under study, including the North-South high-speed railway, the Ho Chi Minh City – Can Gio route, and the Hanoi – Quang Ninh line.
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