Massive losses looming + lawsuit filed in the US, VinFast (VFS.US) founder's son steps up to serve as chairman amid crisis.

According to the Zhixun Finance and Economics APP, Vietnamese electric car manufacturer VinFast (VFS.US) has appointed Pham Nhat Vuong's son as chairman. According to the company statement, its board of directors has appointed Pham Nhat Quan Anh to succeed Le Thi Thu Thuy as chairman. The latter will continue to serve as vice chairman of the parent company Vingroup, focusing on the group's broader business.