Vietnam’s First Woman Billionaire and Serial Entrepreneur

Born in June 1970 when U.S. troops were still in Vietnam, Nguyen Thi Phuong Thao went to school in Moscow. While there, she created a business importing goods from Vietnam and other South East Asian countries and selling them in the Soviet Union. She quickly became a millionaire. When she returned to Vietnam in the early 1990s, she invested her wealth in real estate development projects and commercial banking.

 She started VietJet in 2007, the first private Vietnamese airline company. VietJet now serves 23 domestic and 10 international destinations and carried its 25 millionth passenger on December 5, 2015. She announced earlier this year plans to take the company public.

 An extraordinary entrepreneur, Bloomberg estimates that Thao’s wealth will soon exceed $1 billion based on her ownership stake in VietJet and her real estate holdings in Ho Chi-Min City.


DISCLAIMER:  This information is not intended to provide legal or accounting advice, or to address specific situations. Please consult with your legal or tax advisor to supplement and verify what you learn here. This is presented for informational or educational purposes only and does not constitute a recommendation to buy/sell any security investment or other product, nor is this an offer or a solicitation of an offer to buy/sell any security investment or other product. Any opinion or estimate constitutes that of the writer only, and is subject to change without notice. The above may contain information obtained from sources believed to be reliable. No guarantees are made about the accuracy or completeness of information provided. Past performance is no guarantee of future results.