Nguyễn Ngọc Phương Vy (born August 27, 1987) is a Vietnamese singer who won the first season of Vietnam Idol, in 2007.

Phương Vy auditioned for Vietnam Idol in Ho Chi Minh City.

Phương Vy advanced into the final and won the title over Ngọc Ánh on October 3, 2007 with 53.44% of the votes.

She did a song with K'naan for the Vietnamese version of Wavin' Flag.

She represented Vietnam in the first Asian Idol competition, held in December 2007, but lost to Singapore's Hady Mirza.