Vietjet Air Appoints Nguyen Thanh Son as New CEO, Dinh Viet Phuong Becomes Vice Chairman

Overview

Vietjet Aviation Joint Stock Company (VJC) announced a leadership change on April 29, 2026, appointing Mr. Nguyen Thanh Son as the new Chief Executive Officer, replacing Mr. Dinh Viet Phuong, who was elected First Vice Chairman of the Board of Directors. The move is part of Vietjet’s strategic plan for the 2025-2030 period, aiming to transform into a modern, sustainable multinational aviation group.

Key Facts

• Vietjet’s Board of Directors appointed Mr. Nguyen Thanh Son, a current Board member, as CEO effective April 29, 2026.
• Mr. Dinh Viet Phuong, former CEO, was elected First Vice Chairman of the Board for the 2022-2027 term.
• The leadership reshuffle is intended to implement Vietjet’s development plan for 2025-2030.
• Vietjet’s stock (VJC) closed at VND 176,000 on April 15, 2026, up 5.82% with a volume of 2,544,700 shares.
• The company is listed on the Ho Chi Minh Stock Exchange (HOSE) in the Travel & Leisure sector.

What Happened

On April 29, 2026, Vietjet announced the completion of its senior leadership restructuring. The Board of Directors unanimously elected Mr. Dinh Viet Phuong, a Board member, as First Vice Chairman of the Board for the 2022-2027 term. Concurrently, the Board appointed Mr. Nguyen Thanh Son, also a Board member, as the new CEO, replacing Mr. Dinh Viet Phuong effective the same day.

According to the company’s announcement, the leadership changes are aimed at executing Vietjet’s development strategy for the 2025-2030 period, which targets building a modern, sustainable multinational aviation group with a strong international presence.

Market Context

VJC shares have shown positive momentum, closing at VND 176,000 on April 15, 2026, up 5.82% on high volume of 2.5 million shares. The stock trades on HOSE within the Travel & Leisure sector. The leadership transition comes as Vietjet continues to expand its domestic and international route network, competing with other carriers in the recovering post-pandemic aviation market.

Strategic Significance

The appointment of Mr. Nguyen Thanh Son as CEO signals continuity in Vietjet’s strategic direction, given his prior role as a Board member. The elevation of Mr. Dinh Viet Phuong to First Vice Chairman suggests a focus on governance and long-term planning. The reshuffle aligns with Vietjet’s ambition to become a multinational aviation group, potentially involving fleet expansion, new international routes, and partnerships.

What to Watch

• Vietjet’s Q2 2026 earnings report for evidence of operational impact from the leadership change.
• Announcements regarding new international routes or fleet orders under the new CEO.
• Any further board or management changes in the coming months.
• Updates on Vietjet’s 2025-2030 strategic plan, including capital expenditure targets.
• Market reaction to the leadership transition, particularly foreign investor sentiment.