return icon

Vietnam's richest woman has assets of $500 million

Nguyen Thi Phuong Thao, CEO of Vietjet Air, has officially become the richest Vietnamese female, after Vietjet Air put its shares into transactions on the bourse.
VietNamNet Bridge - Nguyen Thi Phuong Thao, CEO of Vietjet Air, has officially become the richest Vietnamese female, after Vietjet Air put its shares into transactions on the bourse.


VJC shares of Vietjet Air were traded at the ceiling price of VND108,000 per share at the first trading session on February 28. 

VJC now has the capitalization value of VND32.4 trillion, or $1.4 billion. Meanwhile, analysts believe that VJC price may rise to VND150,000 per share and the capitalization value may rise to VND45 trillion, or $2 billion.

Nguyen Thi Phuong Thao, CEO of Vietjet Air, has officially become the richest Vietnamese female, after Vietjet Air put its shares into transactions on the bourse.

Nguyen Thi Phuong Thao, CEO of Vietjet Air, who directly and indirectly owns 33 percent of VJC, has stock assets of $500 million. 

The other two richest people in the country are Pham Nhat Vuong, president of Vingroup who has VND33.3 trillion in stock assets and Trinh Van Quyet, president of FLC, who has VND43.4 trillion. 

With the position, Thao is above Tran Dinh Long, president of Hoa Phat Group, and Bui Thanh Nhon, president of Novaland, who are both rich and influential in Vietnam.

The second richest Vietnamese woman is Pham Thu Huong, vice president of Vingroup, the wife of Vuong with stock assets of VND5.7 trillion. The third richest woman is Pham Thuy Hang, Huong’s syster, with VND3.8 trillion.

Meanwhile, Vu Thi Hien, the wife of Tran Dinh Long, and Truong Thi Le Khanh, have fallen out of the top 10 stock millionaires.

Bloomberg predicted that Thao would be the first self-made female billionaire. Not only holding VJC, Thao also owns a large amount of HDBank and Sovico Holding shares.

Thao became a self-made dollar millionaire at the age of 21. She went to the former Soviet Union to study when she was 17 and started her business at the age of 18 by trading goods between Eastern Europe and Vietnam.

When she was 21 years old, she earned the first one million dollars by selling facsimile machines and rubber plastics.

After returning to Vietnam, she contributed capital to set up Techcombank and VIB, the two of the first privately run commercial banks in Vietnam.

With Vietjet Air, Thao created a boom in both the aviation market and marketing industry. Vietjet advertised itself with the images of girls in bikinis, which was a contrast to the images of girls in long dresses that Vietnam Airlines, the nation’s flag air carrier, used.

Thao is never interested in small affairs, and only makes big deals.


Vietnam Airlines vs Vietjet Air: who will gain the upper hand?

Vietjet to list on HoSE

Hai Nam


Pirated games flood the market as discounts are slashed on app stores

With app stores’ decisions to reduce discounts and support from payment service providers such as credit cards and e-wallets (MoMo), pirated games of international distributors, especially Chinese games, can easily enter Vietnam.

Vietnam needs to learn lessons in developing renewable energy

Dr Le Hai Hung says renewable power plants occupy much land, but environmental concerns remain controversial, and in the next 10 years, it will not be a reliable energy source for business production and people’s daily life.

High-end real estate developers advised to develop social housing

Realtors who specialize in high-end real estate projects should think of adding social housing projects to their business strategies, because the projects ensure sustainability and stability for them.

No time to waste in building the offshore wind industry

Action on accelerating offshore wind power projects is urgently needed if the government is to meet its targets for the decade.

Traditional markets in HCM City deserted, degraded

Many of the traditional markets in Ho Chi Minh City are dilapidated due to a lack of investment in upgrades and are facing the issue of small traders withdrawing due to low customer footfall.

Vietnam targets end of malaria by 2030

Vietnam will provide training to medical staff and apply new techniques in the prevention, detection, and treatment of malaria.

Vietnam auto makers project bumpy years ahead

Car manufacturers are calling for the reinstatement of measures used during the pandemic in order to help boost flagging vehicle sales.

Vietnam’s fintech reaches new heights

VGP - Viet Nam's fintech has reached new heights and the newly introduced regulatory sandbox is further fueling its growth.

Moody’s upgrades ratings of eight Vietnamese banks

VGP - Moody's Investors Service, a leading provider of credit ratings, research, and risk analysis, has raised ratings of eight Vietnamese banks.

MOIT: electricity prices to be set by March 31

The Ministry of Industry and Trade (MOIT) has asked the Electricity of Vietnam (EVN) to negotiate with solar and wind power project developers and reach agreements about electricity prices prior to March 31.

Sapa mother fined for forcing her children to work

A woman in the northern tourist town of Sapa has been fined VND 22 million for forcing her two small children to sell products to tourists in the area.


Vietnam works hard to boost exports to Chinese market

Bamboo Airways wants to add VND10 trillion to charter capital

Bamboo Airways is planning to increase its charter capital by nearly VND10 trillion through a new share issue to restructure its debt and fund its business operations.

Vietnam's first community digital library to open in Quang Nam

The central province of Quang Nam's Tam Ky City’s first community digital library in Vietnam will open soon.

White List of certified websites released

The Authority of Broadcasting and Electronic Information under the Ministry of Information and Communications has announced on its website the White List of certified websites.