Forced to quit Mr. Le Hai Tra, Ms. Tran Anh Dao is in charge of running HOSE

On May 20, the Board of Members of the Vietnam Stock Exchange issued Decision No. 21/QD-HDTV on disciplinary enforcement in the form of Forced resignation for Mr. Le Hai Tra, General Director of the Stock Exchange. Ho Chi Minh City Stock Exchange (HOSE), due to serious violations and shortcomings in work; The Central Commission for Inspection has enforced Party discipline.

On the same day, HOSE Acting Chairwoman Nguyen Thi Viet Ha signed a document announcing the appointment of Ms. Tran Anh Dao, HOSE Deputy General Director in charge of the Department’s Executive Board from May 20.

Ms. Tran Anh Dao graduated from Ho Chi Minh City University of Economics and has been with HOSE and the stock market since the early days of its establishment in early 2000. Since mid-2013, Ms. Dao has been assigned the position of Deputy General Director. Director of HOSE is in charge of auction and listing management up to now.

Thus, the HOSE Board of Directors currently consists of 4 members, including Ms. Dao and 3 deputy general directors: Ms. Ngo Viet Hoang Giao, Mr. Nguyen Vu Quang Trung and Mr. Tram Tuan Vu.

This morning, the Ministry of Finance decided to dismiss Mr. Tran Van Dung from the Chairman of the Securities Commission, due to serious violations and shortcomings in his work. At the same time, Deputy Minister Nguyen Duc Chi was assigned to directly take charge of, direct and operate the Committee from May 19.

Previously on May 18, the Central Inspection Committee decided to warn the Party Committee of the Securities and Exchange Commission for the 2015-2020, 2020-2025 terms.

This agency also decided to expel from the Party Mr. Le Hai Tra, Secretary of the Party Committee, General Director of HOSE; from all positions in the Party to Mr. Tran Van Dung, Chairman of the Securities Commission. Mr. Vu Bang, former Chairman of the Securities Commission; Mr. Nguyen Thanh Long, Member of the Executive Committee of the Party Committee of the Ministry of Finance, Secretary of the Party Committee of the Hanoi Stock Exchange, Chairman of the Members’ Council of the Vietnam Stock Exchange; Mr. Nguyen Son, Nguyen Son, Secretary of the Party Committee, Chairman of the Board of Directors of the Vietnam Securities Depository Center received a Party discipline warning.

The Central Inspection Committee determined that the Party Committee of the SSC had violated the principle of democratic centralism and working regulations; lack of responsibility, loose leadership, direction, lack of inspection and supervision.

These violations have caused serious consequences, negatively affecting the stock market, reducing investors’ confidence, the prestige of party organizations and the Securities Commission, causing frustration in society, to the point that it must be considered. review and discipline.

Danh Phu