Vietnam
Phạm Nhật Vượng Hands Over the CEO Job, but He Is Not Leaving Vingroup
On the same day, Vingroup founder Phạm Nhật Vượng's two sons became CEOs of VinFast and taxi operator GSM. One inherits a carmaker losing more than USD 1 billion a quarter; the other runs a company aiming for a Hong Kong listing in 2028.