“Vietnamese Billionaire Nguyen Thi Phuong Thao: Our Aspiration to Make Vietnam a Regional Economic Hub; Investors Who Joined Vietjet and HDBank Since the Beginning Have Grown Their Assets by 4.5 to 100 Times.”

On July 9th, at the Techcombank Investment Summit, Vietjet Chairman Dr. Nguyen Thi Phuong Thao appeared in the same outfit she wore on the first trading day of Vietjet’s listing on the Ho Chi Minh City Stock Exchange (HOSE) and shared her insights with an audience of over 500 global finance experts and investors.

At the conference, Dr. Thao highlighted the recently issued Resolution 68 by the Politburo, which emphasized the vital role of the private sector in Vietnam’s economy. The resolution stated that the private sector is one of the most important drivers of economic growth, leading the way in areas such as employment, productivity, and national competitiveness. By 2030, the goal is for the private sector to contribute 65% of the country’s GDP.

“Today, we are witnessing a new generation of Vietnamese enterprises – bold, ethical, and with a global vision. These businesses are not only creating economic value but also embracing a business culture that is deeply rooted in national identity, social responsibility, and a spirit of service,” said Dr. Nguyen Thi Phuong Thao.

As the founder of Sovico, Dr. Thao used the group’s story to illustrate the capabilities and contributions of the private sector to Vietnam’s economy. She shared that Sovico has accompanied the country’s development for over 30 years in various fields, including banking, finance, aviation, urban development, and digital transformation. With over 40,000 employees, Sovico is also an active partner of UNESCO and the United Nations in community activities.

“The creativity of Vietnam’s private sector knows no bounds. When the Hose trading system faced order congestion for 100 days, we, along with other private enterprises, implemented a technological solution, rescuing the market and ensuring stable operations for over four years with transactions worth billions of dollars. This action has created value for numerous investors attending today’s conference,” she added.

The private sector’s contributions became evident during the COVID-19 pandemic, with over VND 11,000 billion mobilized from private enterprises through banking and financial products and humanitarian flights. HDBank, a key member of the Sovico ecosystem, has been a trusted partner for individuals and businesses, serving diverse customer segments, from small traders and farmers to remote areas.

Over the years, HDBank has transformed significantly, with total assets and profits increasing by tens of times and serving over 15 million customers. The bank has brought capital to agricultural supply chains and remote areas, demonstrating its commitment to sustainable development and responsibility to investors.

“Investors who accompanied HDBank since its IPO in 2019 have witnessed an asset growth of approximately 4.5 times,” emphasized Dr. Thao.

Regarding Vietjet, Dr. Thao shared that investors who joined the company since its listing on the stock exchange have seen their asset value grow by about five times. For those who invested from the very beginning, the value has increased a hundredfold in five years.

In the aviation industry, Vietjet Air has connected the skies with over 220 million passengers, expanding from domestic flights to an extensive international network. Vietjet was also a pioneer in digital transformation, switching from paper tickets to electronic ones. In 2024, the airline will further expand its network to India, Australia, and beyond, connecting with billions of people worldwide. Vietjet also promotes Vietnamese culture by serving Pho Thin and Vietnamese sandwiches on its flights and establishing Vietjet Thailand, which operates 20 aircraft and is a leading airline in that country.

The female billionaire affirmed that Vietnamese private enterprises, such as Sovico, Vietjet, and HDBank, aspire to elevate Vietnam as a regional economic hub and a powerful and humane country with a global presence.

To realize these aspirations, Dr. Thao believes that the capital market plays a pivotal role in ensuring long-term growth. She suggested further enhancing the capital market, from industrial real estate and high technology to green credit, to unlock Vietnam’s economic potential.

“Vietnam today is a new Vietnam: dynamic, innovative, the fastest-growing in the region, deeply integrated, and undergoing significant reforms. This is the Golden Time to invest in Vietnamese private enterprises – the builders of a sustainable, humane, and prosperous future,” asserted Dr. Nguyen Thi Phuong Thao.