Published Mar 2025

What is Financial Status of Vietjetair and who is Nguyen Thi Phuong Thao

Vietjet Aviation JSC is Vietnam’s leading low-cost airline, revolutionizing the country’s aviation industry with affordable flights and rapid expansion. Founded in 2007, the airline soared under the leadership of Nguyen Thi Phuong Thao, Vietnam’s first self-made female billionaire. Her vision transformed Vietjet into a dominant player in Asia’s aviation market, competing with major carriers. Despite early financial challenges, the company achieved remarkable profitability, with revenue reaching USD 2.95 billion in 2024. Thao, also CEO of Sovico Holdings, continues to drive Vietjet’s growth, making it a symbol of entrepreneurial success and innovation in Vietnam’s global business landscape. If you want to know more about Vietjet Air and Nguyen Thi Phuong Thao, please see the following video.