According to a business registration change dated November 12, VinMetal Production and Trading JSC increased its charter capital from VND 10 trillion to VND 15 trillion. The company did not disclose any changes in its shareholder structure.
Previously, on November 3, VinMetal appointed Mr. Do Tien Si as CEO and legal representative, replacing Mr. Nguyen Viet Quang, who also serves as CEO of Vingroup. Mr. Nguyen Viet Quang now holds the position of Chairman of VinMetal’s Board of Directors.
Mr. Do Tien Si currently serves as Vice Chairman and CEO of Pomina Steel Corporation (POM) and is a Board Member and Audit Committee Member of Mobile World Investment Corporation (MWG).
Mr. Do Tien Si is also the younger brother of Mr. Do Duy Thai, Chairman of Pomina.
Born in 1967, Mr. Do Tien Si holds a Medical Doctor degree from Ho Chi Minh City University of Medicine and Pharmacy, a Bachelor’s in Management & Marketing from Monash University (Australia), and dual Master’s degrees in Business Administration from INSEAD (France) and Tsinghua University (China).
With over 30 years of experience in Vietnam’s steel industry, he served as Deputy CEO of Tay Do Steel from 1995 to 2000. He then became CEO of Pomina from 2000 to 2008, followed by his appointment as Vice Chairman of Pomina in 2009. In June 2015, he resumed the role of CEO at Pomina.
During his tenure at Pomina, Mr. Do Tien Si served as Chairman of the Board from 2022 to 2023 and currently holds over 8.6 million POM shares, equivalent to 3.08% of the company’s charter capital.
VinMetal was established by Vingroup on October 6, 2025, with a charter capital of VND 10 trillion. Vingroup owns 98% of the shares, while Pham Nhat Quan Anh and Pham Nhat Minh Hoang, sons of Pham Nhat Vuong, each hold 1%.
The company aims to develop a high-tech industrial steel complex in Vung Ang Economic Zone (Ha Tinh), with an initial capacity of 5 million tons per 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 sheet metal and stamped auto body parts, railway tracks, and structural steel for bridges, ports, and railways, meeting international standards to replace imports and gradually expand exports.
According to Vingroup representatives, VinMetal was established to supply materials for the group’s core sectors, including Vinhomes real estate and VinFast electric vehicles. Vingroup also aims to secure high-quality steel for industrial, energy, and transportation projects, such as the North-South high-speed railway and routes connecting Ho Chi Minh City to Can Gio and Hanoi to Quang Ninh.
Vingroup Files for $325 Million International Bond Offering with SSC Approval
The bonds will be issued and listed on the Vienna Stock Exchange (Vienna MTF) in Austria. They will not be offered or listed in Vietnam.
Landmark Date Set for Vingroup’s $18 Billion Mega Project in Northern Province, the Largest in History
The most ambitious project in Vingroup’s history has officially set its groundbreaking date.
Vingroup Accelerates: $18 Billion Mega-Project Set to Break Ground as Largest in Company History
The highly anticipated Vingroup project is poised to break ground in the coming days, marking a significant milestone in its development journey.
Unveiling the Remarkable Figures Behind Vingroup’s $14 Billion Mega Project in the City of Red Phoenix
Unveiling a monumental $14.2 billion project, Vingroup spearheads with a $2.13 billion investment, complemented by $12.06 billion in mobilized capital. Spanning an expansive 4,319 hectares, this visionary initiative sets a new benchmark in scale and ambition.
November 13th Stock Market: Will Blue-Chip Stocks Continue to Lead the Market?
Market trends have been significantly influenced by the volatility of major stocks, a pattern that is likely to persist into the November 13th session.
