Nguyen Thi Phuong Thao, Vietnam’s only female billionaire, has become the chairwoman of budget airline Vietjet.
Dinh Viet Phuong, who has been with the company since its establishment in 2007, moved up to CEO.
Thao, who replaced Nguyen Thanh Ha as chairwoman on Thursday, was the deputy chairwoman and CEO of Vietjet for many years. She is the first self-made female billionaire in Vietnam.
Phuong has been holding the chief operations officer title since October 2020. He has made many contributions to the airline, helping it to survive during the Covid-19 period.
He has an engineering degree from Vietnam Maritime University, an MBA degree from France’s CFVG and a doctorate in transport from Russia’s Moscow State Academy.
Last year Vietjet transported 20.5 million passengers on 116,000 flights and saw number of domestic passengers grow 20% from pre-Covid.