VietNamNet Bridge - Many women praised for their talent and huge business assets inherited from their parents have not performed well in business.

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Nguyen Ngoc My (left) and Pham Do Diem Huong


Two years ago, the public was intrigued by the picture of a young girl and David Beckham taken in Vietnam during the British footballer’s visit to the country. 

Netizens quickly found that the girl was Nguyen Ngoc My, the daughter of Nguyen Tuan Hai, president and CEO of Alphanam, a well known investment firm.

They also discovered that My was beautiful, rich and talented, and the founding member of S Design, a design consultancy company.

Many women praised for their talent and huge business assets inherited from their parents have not performed well in business.
My is not a member of Alphanam’s board of management, but Hai said that his daughter makes a great contribution to the company’s development.

Pham Do Diem Huong is less known among the public than My. However, the daughter of the famous banker Pham Trung Cang is well known among businesspeople. 

In 2013, the shareholders of Tan Dai Hung Plastics JSC (TDC) were astonished when the girl born in 1989 became the chair of the board of directors and CEO of the company.

Holding the highest position at TDC at the age of 24, Huong became the youngest female CEO on the Vietnamese stock market. The record still has not been broken.

Le Thi Diu Minh, the daughter of Le Van Quang and Chu Thi Binh, all well known names in the seafood industry, was once considered the ‘richest young girl in the stock market’.  

Quang is chair and CEO of Minh Phu Group, while Binh is deputy CEO of the seafood producer & exporter.

Observers believe that Minh is richer than others, but she has appeared before the public even though she was appointed deputy CEO of the company.

The performance of the businesses of these women has not been as good as expected.

Alphanam once reported profit of hundreds of billions of dong a year. But in 2012, it unexpectedly took a loss of VND150 billion. In 2013, the figure rose to VND213 billion.

After many ups and downs, Alphanam’s shares officially were delisted on December 31, 2014. Since then, Alphanam has not released financial reports, and it is still unclear if it has overcome difficulties. However, it is obvious that with the delisting, the assets of the the young women have decreased sharply.

Since the day Pham Do Diem Huong took office as CEO, TPC has been going downhill. TPC share prices have fallen, and are traded below the nominal value.

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