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Le Thi Thu Thuy

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Le Thi Thu Thuy
Lê Thị Thu Thủy
Thủy in 2018
Born1974 (age 49–50)
Hanoi, Vietnam
Other namesMadame Thuy
Education
Occupation

Lê Thị Thu Thủy, better known as Madame Thuy,[1] was a chief executive of the automotive company VinFast, she is currently vice-chairwoman of the conglomerate Vingroup.

She was born in 1974 in Hanoi, Vietnam and educated in business and economics at Hanoi Foreign Trade University.

She was a senior manager at Navigos Search Vietnam (a human resources company) from 2000 to 2014 and then joined Vingroup where she started by working on the company's international investments and partnerships.[2]

In 2017, she was made responsible for opening the first automobile factory in Vietnam – a new venture for Vingroup which planned to establish VinFast as a new automobile brand.[2] Initially, VinFast sold traditional ICE cars, such as its version of the BMW X5, in its domestic market. Madame Thuy is now[when?] the chief executive of VinFast and, under her leadership, the company plans to go fully electric and market its products globally.[3]

In 2024, she stepped down as CEO of Vinfast when the company was struggling to sell its cars in USA and Canada markets. Under her management, Vinfast shares value declined significantly by 98% and Vinfast had a bad sales performance in North America and Europe, 80% of their cars were internally transferred to a subsidiary of VinGroup called GSM and used as taxis in Vietnam. Almost no Vinfast cars are sold in North America and Europe.Vinfast shares declined by 98%

References

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  1. ^ Paul A. Eisenstein (10 January 2022). "Q&A: VinFast CEO Le Thi Thu Thuy Takes Aim at the American Market". The Detroit Bureau.
  2. ^ a b Tram Ho (1 February 2022). "Global VinFast CEO Le Thi Thu Thuy: The most powerful "tiger lady" in the automotive industry in the world". IT Zone.
  3. ^ Katrina Hamlin (28 December 2022). "Vietnam's Elon Musk challenger turns heads in 2023". Reuters.
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