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Nguyễn Thị Phương Thảo

Vietnamese businesswoman and billionaire From Wikipedia, the free encyclopedia

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Nguyễn Thị Phương Thảo (born June 7, 1970) is a Vietnamese businesswoman, and the president and CEO of VietJet Air,[1] president of Sovico Group and vice president of HDBank.[2] After Phạm Nhật Vượng, she is the second Vietnamese person (as well as the first Southeast Asian woman) to be recognized by Forbes as a US$ billionaire.[3]

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Biography

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Nguyễn Thị Phương Thảo became a millionaire at age 21 while studying finance and economics in Moscow,[4] where she began distributing fax machines, plastic and rubber[5] from Japan, Hong Kong and South Korea in the then Soviet Union. Since then she has developed a portfolio of business interests, including VietJet and Sovico Holdings, that itself holds a 90 per cent stake in Ho Chi Minh City's Dragon City development.[6] She holds bachelor's degrees in financial credit management and labor economics at the Plekhanov Russian University of Economics and a doctorate in economic management from the D. Mendeleev University of Chemical Technology of Russia.[7]

She ranked 62nd in the list of Power Women 2016.[8] She was listed in Asia's 50 Power Businesswomen 2016.[9]

After she took VietJet Air public in February 2017,[10] she became Vietnam's first self-made woman billionaire, second billionaire overall (after Phạm Nhật Vượng) and Southeast Asia's only female billionaire. In early 2021, her net worth was estimated at US$2.1 billion.[5] She also has investments in HD Bank and real estate, including three beach resorts.[10][11] In 2021, she signed a memorandum of understanding with the University of Oxford's Linacre College for a donation of GBP£155million. The college intends to petition the Privy Council to change its name to Thao College.[12] In June 2022, she was featured on the list of the Global 100 by the International Hospitality Institute as one of the 100 Most Powerful People in Global Hospitality.[13]

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Personal life

Phương Thảo has a daughter and a son, Tommy Nguyen.[5] Her son has previously studied at Oxford University's economics & management department and has founded an express delivery company with investment from VietJet.[14][15]

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