AmCham’s Mid-year Market Review 2025

KEYNOTE

Luke Treloar

Partner, Head of Corporate Strategy Advisory

KPMG Vietnam

Luke is a career KPMG strategy consultant with extensive Emerging and Frontier Market experience. Throughout his consulting career, he has been responsible for designing, developing, and implementing high-profile, profitable, and mission-critical solutions for global Fortune 500 clients. This has included market entry and expansion strategies, acquisition target analysis, operational turnarounds, regulatory and risk management, restructurings, and market exits. Luke is the co-chair of the Healthcare Committee, the Partner in Charge of Strategy Consulting for KPMG Vietnam and Cambodia, and runs the firm’s Healthcare and Life Sciences practice.

AEROSPACE

Michael Nguyen

Country Director

Boeing Vietnam

Michael Vu Nguyen is the Country Director of Boeing Vietnam, appointed to the role in September 2021. Based in Hanoi, Michael is responsible for strengthening Boeing’s presence in Vietnam and supporting the company’s growth opportunities in the country.

Prior to Boeing, Michael spent more than 30 years across a myriad of industries, including aviation, healthcare, education and manufacturing.  Besides the U.S., Michael lived and worked in many countries in Europe, Latin America and Asia.    Some highlights of his past U.S.-Vietnam experience included Vietnam Country Representative for ADC/HAS of Houston Airport System, and U.S. Chief Representative for Vinmec Healthcare System, a part of Vingroup.

Michael earned an MBA from the Wharton School, University of Pennsylvania. He speaks English, Spanish and Vietnamese.

BANKING & FINANCE

Phillip Wright

Chief Operating Officer

HSBC Vietnam

Phil Wright is Chief Operating Officer at HSBC Vietnam where he is responsible for operations, technology, and corporate services.

Prior to Vietnam, he held regional and country roles for HSBC in Hong Kong, Philippines, Mauritius, and New York.

He holds an MBA from University of Manchester in the United Kingdom.

FINTECH

Manisha Shah

CFO

MoMo

Chief Financial Officer of MoMo, the #1 daily payment, engagement, and financial solutions Super App in Vietnam

Former Vice President of Equity Private Placements at J. P. Morgan

Former Head of Investments, Capital Raising and Investor Relations at TVS & Sons

MBA from Harvard Business School

HEALTHCARE

Thien Le

Group Chief Operations Officer

Hoan My Medical Corporation

Thien joined Hoan My in 2025.  He has over 16 years of experience in business management and value creation across the private equity and pharmaceutical industries.  Prior to joining Hoan My, Thien was part of the founding team of Pharmacity, one of Vietnam’s largest modern pharmacy chains, where he held various roles from Chief Property Officer to leading retail expansion.

Thien holds a bachelor’s degree in international studies majoring in Political Science from the University of California, San Diego.

HOSPITALITY & TOURISM

Alistair Minty

General Manager

Sofitel Saigon Plaza

LOGISTICS

Rahul Madassery

Head of Sales

DHL Global Forwarding, Vietnam

Previous roles:

Sales Manager, DHL Global Forwarding Hong Kong (2016-2023)

Trade Lane Manager, DHL Global Forwarding Shanghai (2010-2015)

With experience of over 20 years in freight forwarding industry in different Asia Pacific locations, mostly in Sales & Sea Freight portfolio and currently in Vietnam since Jan 2024 working together with an amazing team.

MANUFACTURING

Lee Hon Kay

Vice President of Operations – Milwaukee Asia Operations

Techtronic Industries

Representing the manufacturing sector, Lee Hon Kay is the Vice President of Operations responsible for Milwaukee Power Tools in Vietnam. In this role, he commands all operational and engineering functions for the manufacturing site, including guiding strategy for New Product Development (NPD).

A 30-year veteran of the manufacturing industry, Mr. Lee possesses deep expertise and rich experience in scaling complex operations showcasing by the recent achievement: the strategic development and launch of TTI’s manufacturing sites in Vietnam at Saigon Hi-tech Park, where in just six years he successfully built fully functional departments to manage a vast expansion of the company’s operation scope. This accomplishment underscores his capability in driving significant growth and establishing robust industrial footprints in the Southeast Asian market.

Mr. Lee holds Honor BSc, Degree in Electrical, Electronic & Digital Design Engineering.

REAL ESTATE

Lawrence Lennon

Director, Capital Markets Services

CBRE

TAX & CUSTOMS

Bob Fletcher

Director, Indirect Tax: Customs and Global Trade Advisory

Deloitte Vietnam

Bob Fletcher is a Director, and leader of Customs & Global Trade team in HCMC. Bob is Vice-Chair of the AmCham Tax & Customs Committee.

With 35+ years in customs and indirect tax consultancy, Bob is has advised assisted businesses, across all the major Business Sectors including those in the Industrial Products sector, structure their contractual and supply chain arrangements to be customs duty/VAT/tax efficient.

Bob is a frequent speaker on various trending customs and indirect tax topics. He has contributed to a number of AmCham position papers to Government Authorities on revisions to Customs & Global Trade Policies, to support the business community.

Bob is recognized by International Tax Review as a Highly Regarded Practitioner.