Vietjet CEO an Asian economy transformer: Business Insider

Vietjet Air CEO Nguyen Thi Phuong Thao is the only Vietnamese representative in Business Insider’s latest list of 100 persons who’ve changed the Asian economy.

Vietjet Air, Nguyen Thi Phuong Thao, Asian business transformers, Vietnam's richest woman, budget airline, Forbes

Thao, 50, one of the richest in Vietnam by stock market assets, ranked second in the "Supply Chain" category after CEO and founder of ride hailing firm Grab, Tan Hooi Ling, in a listing released Saturday by the American news site.

Many Asian tycoons are featured in the category including Lee Seow Hiang, CEO of Singapore’s Changi Airport, Tony Fernandes, CEO of Malaysian budget carrier AirAsia and Ichiro Kawanabe, CEO of Japanese taxi company JapanTaxi.

The list of 100 figures that changed the Asian economy covers 10 categories: consumer tech, energy, enterprise tech, finance, healthcare, investing, manufacturing, media and advertising, retail and supply chain. Ten people were selected under each category, including executives from global companies, startup founders, product and technology strategists, and industry activists.

"As Vietnam’s first female self-made billionaire, Nguyen Thi Phuong Thao is used to doing things differently," Business Insider wrote.

Thao has done business in Vietnam and abroad in many fields, including finance, banking, aviation, real estate, and retail.

She launched Vietjet in 2011. The airline now leads the domestic market with a 45 percent share. It operates 385 flights daily within Vietnam and to Japan, Hong Kong, South Korea, Taiwan, Singapore, mainland China, Thailand, Myanmar, and Malaysia.

The carrier launched its IPO on the Ho Chi Minh City Stock Exchange in February 2017, becoming the first airline in Vietnam to list publicly.

Vietjet targets a pre-tax profit of VND100 billion ($4.3 million) for 2020, a drop of 98 percent from last year, due to coronavirus impacts. The airline has also lowered its revenue target for the year by 29 percent to VND36 trillion ($1.54 billion), it said in a statement.

Vietjet’s revenue in the first six months fell 50 percent year-on-year to VND12.2 trillion as most flights were suspended over the Covid-19 pandemic.

Last year, Thao ranked 52nd among the world’s 100 most powerful women in a listing by American magazine Forbes.

In 2018, she became the first Vietnamese to appear on a list of 50 business game changers compiled by Bloomberg.

News Related


Thai commodities satisfy Vietnamese tastes

Thai commodities satisfy Vietnamese tastes Read more »

Vietnam Airlines to run first routine commercial flight in months

National flag carrier Vietnam Airlines is scheduled to operate a flight from Seoul in South Korea to Hanoi on Friday, the first routine inbound commercial in more than six months. Amid the on-going... Read more »

Mobile World’s ‘miniaturization’ strategy

Mobile World (MWG) has recently launched new business models, when the old growth drivers were the Dien May Xanh chain, The Gioi Di Dong chain started to slow down, and Bach Hoa. Green... Read more »

Rugged future ‘Southeast Asian silk strip’

The fierce competitive environment and geopolitical uncertainties have caused the biggest airline ‘Land of the Golden Temple’ to decline step by step and eventually have to file for bankruptcy. Thai Airway Airlines aircraft... Read more »

Fire roofing solar power system at GEG

The solar power system on the roof of the workshop of Gia Lai Electrical Joint Stock Company (Code: GEG) at Dien Phu Industrial Cluster (Dien Phu commune, Pleiku city) suddenly caught fire on... Read more »

Listed companies with best investor relations in 2020 announced

Tai Viet JSC – Vietstock and finance and life newswire released a list of local listed companies with the best investor relations (IR) on September 22. At the award ceremony (Photo: Read more »

FTAs implementation under review

The National Assembly Standing Committee’s supervision delegation in charge of the implementation of free trade agreements (FTAs) to which Vietnam is a member held a working session with the Government, ministries and agencies... Read more »

Vietnam attends 61st WIPO Assembly meeting in Geneva

A Vietnamese delegation, led by Ambassador Le Thi Tuyet Mai – Permanent Representative of Vietnam to the UN, the World Trade Organisation (WTO) and other international organizations attended the 61st meeting of the... Read more »

Workers protests as managers fled at Hai Duong company

Hundreds of workers at the Shop-Vac Vietnam Company in Hai Duong Province have stopped work over recent days to protest against delayed wages. Workers have stopped working and surrounded the headquarters of Shop-Vac... Read more »

Vietnam remains a magnet for Singaporean investors

Vietnam’s growing stature in the region and the world and its impressive containment of COVID-19 have continued to consolidate its status as an attractive destination for Singaporean investors. Read more »