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Vietjet names Madam Nguyen Thi Phuong Thao as Chairwoman, appoints new CEO

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Vietjet Aviation Joint Stock Company (HOSE: VJC) has just announced the appointments of senior leaders.

On April 6th, 2023, Madam Nguyen Thi Phuong Thao became Chairwoman of the Board of Directors of the Company, succeeding Madam Nguyen Thanh Ha, while Managing Director Dinh Viet Phuong was appointed new Chief Executive Officer (CEO).

The announcement ceremony was held at the launch of Vietjet’s Implementation of the 2023 Plan in Ho Chi Minh City.

The appointments are part of the Company’s development plan, consolidating the leadership at Vietjet to enable the Company to continue to expand and develop strongly in the future.

Madam Nguyen Thi Phương Thao is the founder of Vietjet who has pursued the strong desire to make the flying dreams of people on both domestic and international air routes come true. The businesswoman, the first self-made female billionaire in Vietnam and Southeast Asia, has held the post of Vice Chairwoman of the Board of Directors cum President & CEO of Vietjet for many years. She, alongside former Chairwoman Nguyen Thanh Ha, has spurred Vietjet’s development by leaps and bounds to bring revolutionary changes to the aviation industry.

Mr. Dinh Viet Phuong has also worked at Vietjet since its establishment and assumed the position of Permanent Vice President cum Managing Director of Vietjet since October 2020. During the aviation industry facing challenges and difficulties due to the Covid-19 pandemic, Mr. Phuong has made important contributions to help Vietjet overcome the pandemic and recover strongly after all.

Mr. Phuong used to hold senior positions at many large enterprises. He has an Engineering Degree from Vietnam Maritime University, a Master of Business Administration from CFVG (France) and a Ph.D. from the Moscow National Academy of Transport.

In 2022, Vietjet transported 20.5 million passengers on 116,000 flights, a 20% increase in domestic passengers compared to 2019. The total assets also increased by 30% to more than VND67,000 billion with the long-term debt-to-equity and liquidity ratios stayed at 0.7 and 1.3 respectively, which were considered as good indicators in the aviation industry. The airline paid a total of VND4,349 billion of direct and indirect taxes, fees and charges in 2022. This year has been expected to be a year of strong growth in international air transport, offering opportunites to the airlines with good financial and operational capacity as Vietjet.

The appointments of experienced and enthusiastic leaders promise to bring Vietjet into the new stage of growth and development, contributing more and more to the development of the aviation industry and promoting the economic development of Vietnam.

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