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3 Vietnamese among Asia’s 100 most powerful businesswomen
Three Vietnamese executives feature in U.S. magazine Fortune’s list of the 100 most powerful businesswomen in Asia.
Budget carrier VietJet Air’s chairwoman and founder Nguyen Thi Phuong Thao, dairy giant Vinamilk’s CEO Mai Kieu Lien and HCMC-based private lender Sacombank’s vice chairman and CEO Nguyen Duc Thach Diem find a place in the 2024 Most Powerful Women Asia list, which ranks executives across various business sectors in the Asia-Pacific.
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From left to right: Vinamilk’s CEO Mai Kieu Lien, VietJet Air’s chairwoman Nguyen Thi Phuong Thao, Sacombank’s CEO Nguyen Duc Thach Diem. |
Thao, Vietnam’s only female billionaire who also featured in Forbes magazine’s rich list and has a net worth of US$2.9 billion as of Oct. 9, established VietJet Air in 2011 and took it public in 2017.
The airline has experienced consistently strong growth since its launch and carried 25.3 million passengers last year.
They included 7.6 million foreign travelers, up 183% from 2022.
Vinamilk’s Lien started at the company as an engineer in charge of the condensed milk production line when the firm launched in 1976.
She became deputy CEO in 1984 after completing her education in the Soviet Union, and became CEO in 1992.
Vinamilk is the biggest food and beverage business listed on the HCMC Stock Exchange, Vietnam’s main bourse, with a market capitalization of $6 billion.
Diem joined Sacombank, which currently has around $27 billion in assets, in 2002 and became CEO in 2017.
She is credited with leading the bank through a seven-year restructuring process to reduce bad debts.
CEOs accounted for more than half of this year’s list, which has 26 chairpersons and 11 CFOs.
The businesswomen come from 11 countries, China, India, Japan, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam and Australia, and more than 10% of them founded their own businesses.
BAC GIANG - To date, the total mobilized capital of commercial banks in Bac Giang province has reached more than 115 trillion VND (4.95 billion), an increase of nearly 8.5 trillion VND compared to December 31, 2023, reported Bac Giang branch of the State Bank of Vietnam.
Vietnam's gross domestic product (GDP) expanded by about 7.4% in the third quarter and 6.82% during the first nine months of 2024 compared to the respective periods of last year, the General Statistics Office (GSO) reported on October 6.
BAC GIANG - Hoang Dinh Que in Quynh Son village, Quynh Son commune, Yen Dung district (Bac Giang) has just been awarded the first prize in the 10th National "Technical Innovation for Farmers" Contest with the solution: "Waste management in pig farm in the direction of circular economy with high economic efficiency".
BAC GIANG - Bac Giang province has recently focused on directing departments, sectors and organizations to coordinate with localities to support businesses, cooperatives and people in designing and completing packaging, labels and traceability stamps for products, especially key and typical products participating in the One Commune One Product Program (OCOP).
Ho Chi Minh City has many favourable conditions to establish goods transit centres and link logistics activities as an international trade gateway closely connected to the Southeast, Central Highlands, and Mekong Delta region.
Prime Minister Pham Minh Chinh on October 5 order specific and special mechanisms be devised for the North - South high-speed railway project so that procedures are streamlined and construction duration shortened.
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