VFTP, the entity controlling VinFast’s manufacturing operations, has announced the appointment of Trịnh Văn Ngân as its new Chief Executive Officer. This move marks a change in leadership, with Phạm Nhật Vượng, the billionaire founder of VinFast, stepping down from the role. The company did not disclose the reasons for the leadership transition. Ngân’s appointment is effective immediately, and he will be responsible for overseeing VinFast’s production and manufacturing activities. VFTP is a key component of VinFast’s overall business structure, handling the core production of its electric vehicles. This change occurs as VinFast continues to expand its manufacturing capabilities and global presence. The company is currently focused on scaling up production to meet growing demand for its vehicles.