Pham Nhat Quan Anh has been appointed as CEO of VinMetal, succeeding Do Tien Si, who will return to lead Pomina, tasked with restructuring the struggling company. To support Pomina, Vingroup has committed to providing zero-interest working capital for two years to help restore supply chains and improve financial health. VinMetal, established on October 6, holds 98% equity from Vingroup and aims to produce steel to serve the needs of VinFast and large infrastructure projects. Pomina is facing a cumulative loss of over 2.6 trillion VND after 11 consecutive quarters of losses, and the support measures are expected to help the company recover and strengthen its market position.
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