Pham Nhat Minh Hoang, son of Vietnamese billionaire Pham Nhat Vuong, is serving as CEO of newly-founded For Green Future (FGF) Services and Trading JSC, which specializes in electric vehicle rental services and whose charter capital is VND200 billion (US$7.9 million), according to the latest updates on the National Business Registration Portal.

Vuong, chairman of Vietnamese multi-sector conglomerate Vingroup, is considered Vietnam’s wealthiest individual with a net worth of $4.1 billion, according to Forbes.

FGF Services and Trading JSC was established four months ago with a recent relocation of its headquarters to Vinhomes Riverside, an urban area in Long Bien District, Hanoi.

It focuses on the sale and rental of electric cars and aims to make electric vehicles more accessible, support green transformation, and contribute to Vietnam’s net-zero target by 2050.

Twenty-four-year-old Hoang’s new role at the electric vehicle company also marks his entry into the family business.

According to Vingroup’s management report, board chairman Vuong and his wife Pham Thu Huong, who is its vice-chair, have three children, namely Pham Nhat Quan Anh, Pham Nhat Minh Hoang, and Pham Nhat Minh Anh, none of whom are on Vingroup’s executive board.

The eldest son, Quan Anh, 31, made his first public appearance at a VinFast event in late 2023 as deputy general director of the carmaker's production division.

By mid-2024, Quan Anh held 150,000 VIC shares, while Minh Hoang and Minh Anh owned zero VIC shares.

Currently, Vuong holds a 17.87-percent stake in Vingroup with more than 691 million VIC shares.

His wife owns approximately 170 million VIC shares, equivalent to a 4.39-percent holding.

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