The Red Star Award is a prestigious honor, held every three years under the auspices of the Central Committee of the Ho Chi Minh Communist Youth Union, the Central Vietnam Youth Federation, and the Central Vietnam Young Entrepreneurs Association. This award celebrates outstanding young entrepreneurs who excel in business leadership while actively contributing to socio-economic development and community welfare.
The selection process comprises three rounds: Preliminary Screening, On-site Evaluation at Candidate Enterprises, and Final Selection. This year, the program continues to recognize the TOP 100 Outstanding Young Vietnamese Entrepreneurs. Among them, the top 10 receive the esteemed Red Star Award.
“I am deeply honored to be recognized among the TOP 10 Outstanding Entrepreneurs at the 2025 Red Star Awards. This accolade serves as a powerful motivator for me and my young leadership team to further demonstrate our resilience, innovate, and enhance customer value. We are committed to fostering sustainable community development and elevating Vietnam’s global standing,” shared Mr. Do Quang Vinh.
Born in 1989, Mr. Do Quang Vinh is a prominent young leader in the Finance and Banking sector. With his innovative mindset, dynamism, and strategic vision, he is spearheading a comprehensive transformation at SHB and SHS, focusing on digitalization, modernization, and international integration. His goal is to establish these institutions as leading financial entities in the region.
Prior to his leadership role at SHB, Mr. Do Quang Vinh gained extensive experience studying and working abroad in financial management, investment, and corporate governance. His youthful, creative, and decisive leadership style has brought a fresh perspective to SHB and SHS, emphasizing young talent development, fintech adoption, and strategic partnerships with international stakeholders.
In just the first nine months of 2025, SHS surpassed its annual targets by 100%, with total assets increasing by 57% year-on-year. Notably, in August 2025, SHS achieved a market capitalization milestone of over 1 billion USD, symbolizing its maturity and market recognition in both financial capability and growth potential.
Meanwhile, SHB ranks among Vietnam’s Top 5 private commercial banks by charter capital, Top 10 most reputable private commercial banks (according to Vietnam Report), and is listed among the Top 200 largest enterprises in Southeast Asia by Fortune Magazine (USA).
As part of its robust transformation strategy, SHB focuses on four pillars: Reforming mechanisms, policies, regulations, and processes; Empowering people as key drivers; Centering on customers and markets; and Modernizing IT and digital transformation. SHB aims to become the most efficient bank, the most beloved digital bank, the best retail bank, and a leading provider of financial products and services to strategic private and state-owned enterprises, fostering supply chains, value chains, ecosystems, and green development. By 2035, SHB envisions itself as a modern retail bank, a green bank, and a top digital bank in the region.
Individually, Mr. Do Quang Vinh has received numerous accolades from domestic and international organizations, recognizing his contributions to leadership, governance, innovation, and corporate social responsibility. These include the “Outstanding Asian Entrepreneur” award by Enterprise Asia.
The TOP 10 Outstanding Entrepreneurs title at the 2025 Red Star Awards not only honors Mr. Do Quang Vinh‘s remarkable achievements but also underscores the resilience, capability, and influence of Vietnam’s young leadership in an era of integration and digital transformation. His success serves as an inspiration for the young entrepreneurial community to innovate, create, and play a pivotal role in socio-economic development.
– 09:56 27/11/2025
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