Phạm Nhật Quân Anh Appointed as CEO of VinMetal

VinMetal Appoints New CEO

In a business registration change announcement dated November 25, 2025, VinMetal Production and Trading Joint Stock Company (VinMetal) has appointed a new Chief Executive Officer (CEO).

Phạm Nhật Quân Anh (born in 1993), the eldest son of billionaire Phạm Nhật Vượng, will replace Đỗ Tiến Sĩ as VinMetal’s CEO. Quân Anh is currently a board member of VinFast Production and Trading Joint Stock Company (VFS). Previously, he held several key management positions at VinFast, significantly contributing to the company’s development, from its initial localization phase to its global expansion strategy.

Earlier in November 2025, VinMetal appointed Đỗ Tiến Sĩ as CEO. Born in 1967, Đỗ Tiến Sĩ holds a Bachelor’s degree in Management and Marketing from Monash University (Australia), and an MBA from INSEAD (France) and Tsinghua University (China).

With decades of experience in the steel industry, Đỗ Tiến Sĩ currently serves as Vice Chairman and CEO of Pomina Steel Joint Stock Company (MCK: POM) and is a board member of Mobile World Investment Corporation.

VinMetal Production and Trading Joint Stock Company was established on October 10, 2025, with a capital of 10,000 billion VND. Vingroup holds 98% of the shares, while Phạm Nhật Quân Anh and Phạm Nhật Minh Hoàng, both sons of Phạm Nhật Vượng, each hold 1%. On November 13, 2025, VinMetal increased its capital to 15,000 billion VND.

VinMetal aims to build a high-tech industrial steel complex with a capacity of approximately 5 million tons per year in its first phase, located in Vũng Áng, Hà Tĩnh.

The company focuses on producing civil steel for construction, hot-rolled steel, high-strength steel, and special alloy steel for electric vehicle manufacturing and high-speed transportation infrastructure. Key products include high-quality steel sheets and car body stamping steel, railway steel, and structural steel for bridges, ports, and railways, meeting international standards. These products aim to replace imports and gradually enter regional export markets.

The establishment of VinMetal primarily aims to supply materials for Vingroup’s core sectors, such as Vinhomes real estate and VinFast electric vehicle production.

Additionally, Vingroup seeks to secure high-quality steel supplies for industrial, energy, and transportation projects under consideration, including the North-South high-speed railway, the Ho Chi Minh City – Cần Giờ route, and the Hanoi – Quảng Ninh route.

Long-term, VinMetal aims to become a leader in green steel production in the domestic market, applying carbon emission reduction technologies and utilizing renewable energy sources. This will contribute to the development of the metallurgical industry and heavy industry in Vietnam.

Vingroup Partners with Pomina Steel

The leadership change at VinMetal comes as Vingroup announces its partnership and support for Pomina Steel.

Through VinMetal, Vingroup will provide Pomina with a working capital loan for up to 2 years at a 0% interest rate. This preferential capital will help Pomina improve its cash flow, restore its supply chain, and ensure stable production operations.

In addition to financing, Vingroup will prioritize Pomina as a steel supplier for its ecosystem companies, including VinFast, Vinhomes, and VinSpeed. This will help ensure a sustainable market for Pomina and increase the localization rate of materials in Vingroup’s major projects in Vietnam.

Nguyễn Việt Quang, Vice Chairman and CEO of Vingroup, and Chairman of VinMetal, stated that Vingroup hopes Pomina will regain its growth momentum and strengthen its market position, thereby continuing to create value and contribute to the country.

Founded in 1999, Pomina Steel operates three steel billet and construction steel rolling mills with a total annual capacity of 1.1 million tons of construction steel and 1.5 million tons of billets. It was once one of Vietnam’s largest construction steel producers, with a market share of nearly 30%.

In recent years, Pomina has faced declining business performance, resulting in accumulated losses of over 3,000 billion VND and negative equity, leading to its delisting from HoSE. In 2024, Pomina attempted restructuring and sought strategic partners but was unsuccessful.

Recently, Pomina’s Board of Directors called an extraordinary meeting scheduled for December to approve the financial report for the first nine months of 2025 and a restructuring plan. Details of the restructuring plan have not yet been disclosed.