December 27, 2021

Vingroup appoints Vice-Chair as VinFast Global CEO

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Hanoi, December 27, 2021 – Vingroup announced that it has appointed Le Thi Thu Thuy, the incumbent Vice-Chair, as its new VinFast Global CEO. Her predecessor, Mr. Michael Lohscheller, will leave the position and return to Europe due to personal reasons.

Madam Thuy will take over the VinFast Global CEO position, managing VinFast’s operations and driving the Vietnamese carmaker towards becoming a global electric vehicle brand. She will also maintain her current position as the Vice Chairwoman of VinFast’s parent company, Vingroup.

Based in Vietnam, the Vingroup Vice Chairwoman will directly oversee VinFast’s business activities in its current markets, including Vietnam, the US, Canada, France, Germany, and the Netherlands. Madam Thuy will also lead market survey activities and expansions into other potential global markets in the coming time.

Vingroup appoints Vice-Chair as VinFast Global CEO

Commenting on her new position, Madam Le Thi Thu Thuy said: “I am thrilled to take this position and will strive to achieve our goal of steering VinFast to international success and win the hearts of global consumers. I would also like to extend my gratitude to Mr. Michael Lohscheller for his contributions to VinFast. It is unfortunate that we must say goodbye, and we wish him all the best in his life and future endeavors.”

Regarding his departure, Mr. Michael Lohscheller said: “It was an honor to serve VinFast and its people. VinFast is on its way to becoming a successful global electric vehicle brand. I wish VinFast all the best in its future. Thank you, VinFast! Thank you, Vingroup! Thank you, Vietnam!”

With years of experience in different management positions and key leadership roles in numerous sectors, including industry, technology, finance, investment, and international relations, Madam Le Thi Thu Thuy is expected to play a critical role in enhancing VinFast’s stature as a global brand and to help bring VinFast’s smart electric vehicles to global consumers./.

About Vingroup Vice Chairwoman Le Thi Thu Thuy

Born in 1974 in Vietnam’s Binh Dinh Province, Madam Le Thi Thu Thuy graduated from the Foreign Trade University in Hanoi. She obtained her MBA at the International University of Japan. She also completed a Chartered Financial Analyst (CFA) program.

Before becoming the Vice Chairwoman of Vingroup and Global CEO of VinFast, Madam Thuy served as an influential executive for Lehman Brothers in Japan, Thailand, and Singapore. In 2008, she joined Vingroup as the conglomerate’s CFO and was later appointed as the CEO of Vingroup and VinSmart.