Vietjet (VJC) Elects Former Hanoi Metro Chairman Khuat Viet Hung to Board, Appoints New CEO

Overview

Vietjet Aviation Joint Stock Company (VJC) has announced significant leadership changes, including the election of Mr. Khuat Viet Hung, former Chairman of Hanoi Metro, to its Board of Directors and the appointment of Mr. Nguyen Thanh Son as the new Chief Executive Officer. These moves, approved at the annual general meeting in late April, aim to strengthen the airline’s governance and operational expertise.

Key Facts

• Mr. Khuat Viet Hung, born 1974, was elected to Vietjet’s Board of Directors at the annual general meeting in late April 2026.
• He previously served as Chairman of Hanoi Metro until April 15, 2026, when he resigned at his own request.
• Mr. Hung has held senior roles including Director of the Institute of Transport Planning and Management, Director of the International Cooperation Center for Transport Training and Research, and Vice Chairman of the National Traffic Safety Committee.
• Mr. Nguyen Thanh Son, a board member, was appointed as Vietjet’s new CEO effective April 29, 2026.
• He replaces Mr. Dinh Viet Phuong, who has been elected as First Vice Chairman of the Board for the 2022-2027 term.
• The leadership changes were announced by Vietjet in a press release.

What Happened

Vietjet has refreshed its top management with two key appointments. Mr. Khuat Viet Hung, a seasoned transport executive with extensive experience in traffic safety and planning, joins the Board of Directors. His background includes leadership at Hanoi Metro and various government transport agencies. Separately, Mr. Nguyen Thanh Son, previously a board member, has been named CEO, succeeding Mr. Dinh Viet Phuong, who moves to the role of First Vice Chairman. The changes were formalized at the company’s annual general meeting in late April.

Market Context

Vietjet’s stock (VJC) closed at VND 176,000 on April 15, 2026, up 5.82% with high trading volume of 2.5 million shares on HOSE. The leadership reshuffle comes as the airline industry in Vietnam continues to recover post-pandemic, with increasing passenger traffic and competition. Vietjet has been focusing on expanding its domestic and international routes, and the new appointments signal a commitment to operational efficiency and governance.

Strategic Significance

The addition of Mr. Khuat Viet Hung, with his deep expertise in transport infrastructure and safety, could enhance Vietjet’s strategic planning and regulatory compliance. The appointment of Mr. Nguyen Thanh Son as CEO, moving from a board role, suggests continuity and internal promotion. These changes may strengthen investor confidence in the airline’s management stability and long-term growth strategy, particularly as Vietjet navigates a competitive market and seeks to optimize its fleet and route network.

What to Watch

• Q2 2026 earnings report for Vietjet, expected in July, to assess financial impact of new leadership.
• Any strategic announcements regarding route expansion or fleet orders under the new CEO.
• Regulatory filings or shareholder meetings that may provide further details on board committee assignments.
• Industry data on passenger traffic and load factors for Vietnamese airlines in the coming months.
• Potential changes in Vietjet’s dividend policy or capital allocation strategy.