According to the national portal on business registration, Mr. Pham Nhat Minh Hoang (born 2000) is the representative and General Director of FGF Trading and Service Joint Stock Company - For Green Future.

FGF is headquartered at Symphony Office Building, Chu Huy Man Street, Vinhomes Riverside Urban Area, Phuc Loi Ward, Long Bien District, Hanoi City.

Mr. Pham Nhat Minh Hoang is the second son of billionaire Pham Nhat Vuong - Chairman of Vingroup Corporation (VIC).

Previously, in early July, Mr. Pham Nhat Vuong announced the establishment of FGF Trading and Service JSC with a charter capital of VND200 billion, in which Mr. Pham Nhat Vuong holds 90% of the shares. FGF operates in the field of buying and selling VinFast electric cars and providing self-driving electric car rental services.

FGF was originally located at No. 1, Nguyen Van Linh Street, Gia Thuy Ward, Long Bien District, Hanoi City, with Mr. Nguyen Duc Minh as General Director.

Thus, after a few months, the son of billionaire Pham Nhat Vuong has replaced the position of general director of the electric car company in the VinFast ecosystem. This move also marks the first step of billionaire Vuong's second son in participating in business activities.

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Billionaire Pham Nhat Vuong's second son is CEO of an electric vehicle trading and rental company. Photo: DK

At the end of 2023, billionaire Pham Nhat Vuong's eldest son - Pham Nhat Quan Anh - officially became a shareholder of Vingroup (VIC) after purchasing 150,000 ESOP shares for the group's key leaders and managers.

Mr. Pham Nhat Quan Anh does not hold any position at Vingroup but is the Deputy General Director of VinFast's production division. Mr. Pham Nhat Quan Anh appeared at the ceremony where VinFast and Marubeni Corporation announced a memorandum of understanding (MOU) on cooperation in reusing electric vehicle batteries towards the goal of developing a circular economy by the end of 2023.

Mr. Pham Nhat Vuong is the richest person on the Vietnamese stock market with total assets, according to Forbes, reaching 4.1 billion USD.

According to Vingroup's management report, Mr. Vuong has three children: Pham Nhat Quan Anh, Pham Nhat Minh Hoang and Pham Nhat Minh Anh and daughter-in-law Bui Lan Anh.

FGF Trading and Service JSC operates in the field of buying, selling and renting electric cars. FGF's mission is to increase access to electric cars for the majority of people, to promote the green transition, contributing to the realization of the Government's Net Zero commitment by 2050.

FGF aims to become a platform to help develop the used electric vehicle market. Through FGF, consumers can increase access and convert to electric vehicles at competitive prices.

In addition to buying and selling used cars, FGF also provides self-driving electric car rental services (both used and new cars).

In the first phase, FGF plans to have 1,000-2,000 self-driving rental cars, including all VinFast models, operating in major cities such as Hanoi, Ho Chi Minh City, Da Nang, Hue... After officially operating, the fleet size will continue to increase in quantity, moving towards expanding the scope of operations nationwide.

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