Vietjet Aviation CEO Set to Become Vietnam’s First Female Billionaire

Nguyen Thi Phuong Thao

Nguyen Thi Phuong Thao

President and CEO of Vietjet Aviation has been named in Forbes’ World’s 100 Most Powerful Women.

Nguyen Thi Phuong Thao is Vietnam’s first woman to be featured in the list and was placed number 62 overall. The list also includes the likes of Angela Merkel, Hillary Clinton and Janet Yellen. The list was determined by analyzing the world’s most successful women and includes business leaders, entrepreneurs, investors, scientists and philanthropists.

The majority of Thao’s wealth and success derives from her 95 percent stake in Vietjet Air, residential projects and HDBank, where she serves on the board as Vice Chairwoman.

Planning an IPO

Under her leadership, Vietjet has captured the largest market share in the local aviation industry and has rapidly developed an extensive domestic and international network in just four years of operations. The airline has completely transformed the Vietnamese aviation sector, allowing for millions of people to enjoy the ease and convenience of air travel.

Nguyen Thi Phuong Thao is also set to become Vietnam’s first female billionaire after it was announced that Vietjet is planning an initial public offering (IPO) in the coming months.

South East Asia's First Self Made Female Billionaire

The airline is looking to offer as much as a 30 percent stake and aims to seek a valuation of more than $1 billion. After this Thao is set to have a net worth exceeding $1 billion, also making her South East Asia’s first self made female billionaire.

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