VinFast

Pure Electric Vehicles (EVs)Founded 2017

Market Data Current As Of: September 12, 2026

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VinFast

Pure Electric Vehicles (EVs)Founded 2017

Reviewed by Swet Parvadiya

Last reviewed: September 12, 2026

Market Data Current As Of: September 12, 2026

Founders

Who Founded VinFast?

Pham Nhat Vuong · Founded 2017 · Haiphong, Vietnam

Quick Answer

VinFast was founded by Pham Nhat Vuong in 2017 in Haiphong, Vietnam. The company is currently led by Pham Nhat Vuong.

Founding Story

In 2017, Pham Nhat Vuong, who built his early fortune selling instant noodles in Ukraine before founding **Vingroup** and transforming Vietnam's real estate, retail, and healthcare sectors, decided that Vietnam needed its own world-class national automotive champion. Skeptics said building a car company from scratch would take a decade. Vuong acquired 335 hectares of marshland in Dinh Vu, Haiphong, and in just 21 months built a state-of-the-art smart factory with 1,200 industrial robots. After launching licensed BMW-based combustion cars (Lux A2.0 and Lux SA2.0) in 2018, Vuong made the daring decision in late 2021 to cease all combustion car production and bet 100% of the company's future on electric vehicles.

Pham Nhat Vuong

Background

Pham Nhat Vuong studied geo-economics in Moscow and founded food company Technocom in Ukraine (creator of Mivina instant noodles, sold to Nestlé for $150M) before returning to Vietnam to build Vingroup.

Role at VinFast

Pham Nhat Vuong is Vietnam's first Forbes billionaire, Chairman of Vingroup, and Chief Executive Officer of VinFast Auto Ltd. In 2017, Vuong founded VinFast to establish Vietnam as a global automotive powerhouse. Vuong built the Haiphong factory in 21 months, committed over $10 billion to EV engineering, executed the 100% electric pivot, and led VinFast's 2023 NASDAQ listing.

VinFast: CEO & Leadership History

Full timeline →

Pham Nhat Vuong

Founder & Chief Executive Officer

2017 – Present

Visionary billionaire who founded VinFast, built the Haiphong mega-factory in 21 months, committed over $10B to EV engineering, and leads the company as CEO.

Le Thi Thu Thuy (Madame Thuy)

Chairwoman of the Board of Directors

2017 – Present

Former Lehman Brothers executive who served as CEO, led the 2023 NASDAQ listing, and manages global financial partnerships.

David Lyon

Director of Design

2017 – Present

Former GM veteran who partnered with Pininfarina and Torino Design to shape the distinctive exterior lighting and interior architecture of the VF series.

Compare VinFast With Competitors

VinFast vs Toyota Motor Corporation →VinFast vs Bayerische Motoren Werke AG →VinFast vs Honda Motor Co., Ltd. →VinFast vs Nissan Motor Co., Ltd. →VinFast vs Suzuki Motor Corporation →

Who Founded VinFast? FAQ

Who founded VinFast and in what year was it established?

VinFast was founded in 2017 by Pham Nhat Vuong in Haiphong, Vietnam.

What was the original founding vision for VinFast?

The founders established VinFast with the objective of solving core inefficiencies in Pure Electric Vehicles (EVs), Smart Electric SUVs, Electric Scooters, Clean Mobility Ecosystems & Global Automotive Manufacturing, laying the foundation for its current global scale.

How does VinFast preserve its founding principles today?