She takes over from Le Thi Thu Thuy, while Pham Nhat Vuong, chairman of Vingroup, remains the CEO of VFTP, according to a company disclosure to authorities.
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Thai Thi Hanh Hai, chairwoman of VinFast Trading and Production. Photo courtesy of Vingroup |
Hai, 52, has a master’s degree in business administration from the University of California, Irvine, in the U.S. From 1994 to 2014, she worked at Deloitte Vietnam, one of the big four global accounting and auditing firms.
She joined the Vingroup ecosystem in 2014, and has served as chairwoman of Vincom Retail, general director of VinCommerce, and deputy CEO of VinFast.
VFTP was established in 2017 with charter capital of more than VND90 trillion (US$3.4 billion). Last month, VinFast announced plans to spin off some of VFTP’s assets to a new legal entity.
The automaker will also divest from VFTP, which runs its entire manufacturing division including two factories in Vietnam. VFTP will take over all of VinFast’s debts of VND182 trillion as of March 31.
Vingroup executives said VFTP would continue to manufacture vehicles based on orders from VinFast.
VinFast will focus solely on sales, warranty, after-sales services, technical standards and customer care. Following the restructuring, VinFast said it could break even by 2027.
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