New direction at the electric vehicle company of Mr. Pham Nhat Minh Hoang - son of billionaire Nhat Vuong

On January 15, FGF - an electric car rental service company with Mr. Pham Nhat Minh Hoang as general director - officially announced its entry into the used car business market.

Pham Nhat Vuong's two sons, Pham Nhat Quan Anh and Pham Nhat Minh Hoang (right cover) appeared publicly at the VinFuture Award ceremony on December 6, 2024 - Photo: NGUYEN KHANH

Specifically, in the announcement on January 15, FGF Trading and Service Joint Stock Company officially announced its participation in the used car trading market, specializing in VinFast products.

With this new move, FGF has more ambition in its business expansion strategy. Previously, FGF was established and operated mainly in the field of buying, selling and renting electric cars.

Notably, FGF affirmed that through cooperation with VinFast, 100% of (used) cars sold from FGF have the privilege of being quality inspected at the genuine service workshop system and being traded directly at the distributors of the Vietnamese electric vehicle company.

Not long ago, FGF also attracted attention in the market when it announced singer Soobin Hoang Son as its brand ambassador.

Before FGF confirmed, ending his emotional performance at the 8Wonder Winter 2024 festival series, singer Soobin Hoang Son performed a "super hot" drum solo, with the words "Mr. FGF" in black standing out on a blue background.

According to data on the national portal on business registration, the general director and representative of FGF is Mr. Pham Nhat Minh Hoang, born in 2000.

This young businessman is known as the second son of billionaire Pham Nhat Vuong - chairman of Vingroup Corporation, the richest person in Vietnam with a net worth of 4.1 billion USD according to Forbes.

According to Vingroup's management report, Mr. Pham Nhat Vuong - Chairman of the Board of Directors and Ms. Pham Thu Huong - Vice Chairman of this group - have three children: Mr. Pham Nhat Quan Anh, Pham Nhat Minh Hoang and daughter Pham Nhat Minh Anh.

All three do not hold positions on the board of directors or the general director board of Vingroup. At the end of June 2024, Mr. Pham Nhat Quan Anh still only personally held 150,000 VIC shares. Meanwhile, Mr. Pham Nhat Minh Hoang and Pham Nhat Minh Anh did not hold any VIC shares.

In addition to his role at FGF, Mr. Pham Nhat Minh Hoang also holds 5% of shares at VinRobotics Robotics Research, Development and Application Joint Stock Company - a company with a charter capital of VND 1,000 billion.

Source: https://tuoitre.vn/huong-di-moi-tai-cong-ty-xe-dien-cua-ong-pham-nhat-minh-hoang-con-trai-ti-phu-nhat-vuong-20250115204354133.htm