The powerful female generals of leading enterprises in Vietnam

DNHN - Vietnam not only recognises good businessmen who are men but also has a large number of powerful "female generals" who hold business leadership positions. Each year, these businesswomen have expanded their enterprises by trillions of dong.

The formidable leader of Vincom Retail

1974-born entrepreneur Tran Mai Hoa currently serves as the General Director of Vincom Retail (VRE). Before joining Vincom Retail as a member of Vingroup, MsMsran Mai Hoa served as the Chief Financial Officer of Gami Group Joint Stock Company and held a variety of leadership positions at the Joint Stock Company. communication and payment data An Du (Vietnam's Authorised Mercedes-Benz Distributor).

Before that, between September 2014 and April 2016, she served as the Deputy General Director of Vincom Retail operations. MsMsran Mai Hoa was appointed General Director of Vincom Retail in April 2016 and continues to hold this position to the present day.

According to the financial department's report for the fourth quarter of 2022, under the capable management of Ms Tran Hoa Mai, Vincom Retail displayed signs of recovery with impressive profits. In comparison to the same period in 2021, total revenue increased by 53% to reach VND 2,084 billion. Vincom Retail reported an after-tax profit of VND 791 billion, an increase of 549% compared to the same period in 2021. Trade centres generated VND 1,906 billion in revenue, an increase of 114% over the same period in 2021.

Vincom Retail's total revenue in 2022 increased by 24%, reaching VND 7,309 billion compared to the same period in 2021. The after-tax profit increased by 108% to reach 2,735 billion VND, which was 114% more than anticipated at the beginning of the year. Vincom Retail's 37% revenue and profit margin demonstrate that its business performance is the best in the region and that it is the leading real estate retail developer in Vietnam.

Vincom Retail will be the only investor to open three new shopping centres in 2022: Vincom Mega Mall Smart City, Vincom Plaza My Tho, and Vincom Plaza Tran Huu, Bac Lieu. Currently, Vincom Retail operates 83 trade centres in 44 provinces and cities across the nation.

Talented VinaCapital investment fund businesswoman

In 2012, VinaCapital Group established the VinaCapital Fund Management Joint Stock Company (VCFM). VCFM was originally known as VinaWealth Fund Management Joint Stock Company. The State Securities Commission granted VCFM a licence in 2017 to establish and manage investment funds, manage investment portfolios, and provide investment advisory services.

VCFM currently manages over $3.9 billion in Vietnam and is regarded as one of the leading companies in the field of financial investment in Vietnam. It is a member of VinaCapital Group with a 100% ownership stake. In addition, this company manages numerous funds, trust accounts, and investment projects involving a variety of assets, such as listed stocks, private stocks, bonds, real estate, and information technology.

Behind the success of a fund management company with numerous well-known investment deals on the market is the businesswoman Nguyen Hoai Thu, who currently serves as the Director of the Investment Division of VinaCapital Group and is responsible for the investment segment. in public securities and bonds. She manages and oversees the investment activities of VinaCapital's open-ended fund and investment trust portfolios.

Nguyen Hoai Thu has eighteen years of experience in the Asian capital markets, including investment banking experience with DBS Bank - Singapore and investment fund management experience with DBS Asset Management - Singapore and BankInvest Group - Denmark. In addition, this Vietnamese businesswoman is the co-founder, CEO, and investment director of Vietnam Asset Management Ltd.

The fund's profit growth in 2021 is exceptional and tends to dominate the market. The most significant aspect is that VESAF continues to maintain its market-leading position with a profit growth rate of up to 67%. VEOF is in second place with a return of 56.5%, followed by VIBF with a return of 35.2% and a ranking of second among balanced funds with the same investment strategy. In contrast, VFF grew 7.7%, leading the group of bond funds.

At the end of 2021, the total assets of these four funds exceeded 3 trillion Vietnamese Dong (VND) and attracted over 23,500 investors. VESAF reached 919.3 billion VND, VEOF 618.1 billion VND, VIBF 743.3 billion VND, and VFF 798.3 billion VND.

According to VinaCapital's March 2023 report, the fund's profit increased by 0.5%, and the fund's first-quarter profit increased by 1.6%. According to VinaCapital, this fund issued a total of 14 national bonds with a total value of up to VND 26,800 billion in March, a decrease of 8.4% compared to the same period last year but an increase of more than 13 times the value of issued bonds. In February, the product was introduced to the market.

The businesswoman piloting the vessel FPT Retail

It is impossible to discuss FPT Retail without mentioning Ms Nguyen Bach Diep, Chairman of the Board of FPT Digital Retail Joint Stock Company (FPT Retail - FRT). Since joining FPT Joint Stock Company in 1997, this 1972-born businesswoman has been one of the company's most influential leaders.

Ms Diep was appointed general director of FPT Retail in 2012 and held this position for five consecutive years. Since March 2020, Ms Nguyen Bach Diep has been the Chairman of the Board of Directors of FPT Digital Retail Joint Stock Company (FPT Retail - FRT) and the General Director of FRT.

Over the course of ten years of hard work, Ms Diep and her associates have grown FPT Retail from 17 stores to the second-largest retail chain of mobile digital products in Vietnam, with nearly 800 stores. Alongside this is the Long Chau pharmacy chain, which expands rapidly in 2021 and 2022, reaching more than 1,000 stores and ranking second in terms of scale on the pharmaceutical market.

According to Ms Diep, in 2022, the Long Chau drug store chain under FPT Retail reached 1,000 stores and 5 million customers per month; more than 2.5 million customers shop on the online platform per month, and the FPT Long Chau Pharmacy app has more than 2 million users after 1 year of launch.

At the General Meeting of Shareholders, FPT Retail shareholders unanimously approved a revenue plan of VND 34,000 billion, an increase of 13%, and a pre-tax profit of VND 240 billion, a decrease of 51% compared to 2022 results.

In 2022, despite facing numerous obstacles as a result of the COVID-19 pandemic, FPT Retail still experienced robust growth. Specifically, the company's accumulated consolidated revenue reached VND 30,166 billion, an increase of 34% compared to the same period, and 112% of the annual plan.

According to FPT Retail, the consolidated pre-tax profit in 2023 is anticipated to reach VND 486 billion, a 12% decrease compared to 2021, and will account for 67% of the profit target for 2022.

In which the FPTShop chain's revenue reached 20,689 billion dongs, an increase of 11% compared to the same period in 2021; the Long Chau chain's revenue reached an impressive 9,596 billion VND, an increase of 2.4 times compared to 2021.

Ha Chi