Who is Do Duc Nam, General Director of Tri Viet Securities who has just been arrested?

Do Duc Nam was prosecuted and taken into custody along with 3 other defendants including: Do Thanh Nhan, Chairman of Louis Holdings Joint Stock Company, member of the Board of Directors of Louis Capital Joint Stock Company, Louis Land Joint Stock Company; Trinh Thi Thuy Linh, Administrative Director of Louis Holding Joint Stock Company; and Le Thi Thuy Lien, a financial services officer at Tri Viet Securities Joint Stock Company.

The investigating agency determined that, from January 4, 2021 to October 6, 2021, Do Thanh Nhan, Chairman of the Board of Directors of Louis Holdings Joint Stock Company, a member of the Board of Directors of Louis Capital Joint Stock Company, the Company. Louis Land shares colluded with Do Duc Nam, General Director of Tri Viet Securities Joint Stock Company and other subjects using multiple securities trading accounts to buy and sell and entice others to buy and sell securities. securities to manipulate the stock price of Louis Capital Joint Stock Company (code TGG), Joint Stock Company Louis Land (code BII) and other securities codes contrary to the law, making illegal profits of hundreds of billions of dong.

Defendant Do Duc Nam.

It is known that Mr. Do Duc Nam has a master’s degree in business management, currently a member of the Board of Directors of Tri Viet Securities and the General Director of this company.

Do Duc Nam used to work as Head of Brokerage Department of ASEAN Securities Company during 2011-2012, then Deputy Director and then Director of Ho Chi Minh Branch of Trang An Securities Company from 2012-2014. From 2018-2019, Mr. Nam joined the Ho Chi Minh City Securities Company (HSC).

Mr. Do Duc Nam joined Tri Viet Securities as General Director from 2019. By 2021, he will be elected to the Board of Directors of Tri Viet Securities and Tri Viet Asset Management Corporation. Mr. Do Duc Nam currently holds 550,000 shares (0.491% of charter capital).

Regarding this incident, Tri Viet Securities Joint Stock Company officially spoke before the press, customers and partners, as well as shareholders. Accordingly, the company confirmed that the above incident was related to the behavior of Mr. Do Duc Nam personally. The company has been and continues to coordinate with the authorities in the process of investigating and clarifying related issues.

The Company affirmed that the above incident did not affect or change the direction of the Company’s business. At the same time, it does not affect the legitimate rights and interests of customers, shareholders and partners having transactions and cooperation with the Company.

Tri Viet Securities (TVSC) is headquartered at 142 Doi Can, Ba Dinh, Hanoi and is listing shares on the stock market with stock code TVB.

Tri Viet Securities was established in 2006, formerly known as Tri Viet Investment Joint Stock Company, founded by Mr. Pham Thanh Tung. After that, Tri Viet acquired Thai Binh Duong Securities Company and changed its name to Tri Viet Securities as it is today.

Pham Thanh Tung was born in 1979, graduated with a master’s degree from the University of Birmingham (UK). Mr. Tung is still the Chairman of the Board of Directors at a number of businesses related to the Tri Viet ecosystem, including: JSC. Tri Viet Asset Management Group, Tung Tri Viet One Member Company Limited.

Along with Mr. Tung in Tri Viet since the early days of establishment, there is also Mr. Do Thanh Ha. Mr. Ha is currently a member of the Board of Directors of Tri Viet Securities, General Director of Tri Viet Asset Management Corporation.

Other members in the Board of Directors of Tri Viet Securities include: Mr. Bui Minh Tuan, Mr. Nguyen Tien Son, Mr. Phan Le Thanh Long. The members of the Board of Directors are all experienced in the stock market and are well known to the investor community.

In the Board of Directors of Tri Viet Securities, in addition to the recently arrested General Director Do Duc Nam, the Deputy General Directors include: Ms. Le Thi Thu Huong, Mr. Than Duc Cuong.

Tri Viet Securities has a charter capital of VND 1,200 billion, of which Tri Viet Asset Management Corporation holds 50.51%. Chairman Pham Thanh Tung personally holds more than 2.8 million shares, equivalent to 2.57%. In 2021, the company achieved revenue of 480 billion VND, an increase of 180%, profit after tax of 298 billion VND, an increase of 313%.

Closing the trading session on April 20, TVB shares of Tri Viet Securities fell to the floor at 13,100 dong/share. This is the 5th consecutive decline of this stock.

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