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Ho Chi Minh City Stock Exchange has a replacement for Mr. Le Hai Tra

Ho Chi Minh City Stock Exchange (HOSE) assigned Ms. Deputy General Director Tran Anh Dao to be in charge of running HOSE from May 20, replacing the newly disciplined General Director Le Hai Tra.

The Ho Chi Minh City Stock Exchange (HOSE) has just announced the assignment of in charge of the Executive Board of the Ho Chi Minh Stock Exchange.

Accordingly, based on Decision No. 22/QD-HDTV dated May 20, 2022 of the Members’ Council of the Vietnam Stock Exchange, HOSE said that Deputy General Director Tran Anh Dao was assigned to be in charge of the Executive Board. HoSE from May 20, replacing the General Director Le Hai Tra just been disciplined.

Decision No. 22/QD-HDTV was announced one day after the Central Inspection Committee announced the expulsion of Mr. Le Hai Tra – Secretary of the Party Committee and General Director of HOSE from the Party.

On May 20, 2022, the Members’ Council 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 Ho Chi Minh City Stock Exchange, due to serious violations and shortcomings in his work; The Central Commission for Inspection has enforced Party discipline.

Ms. Tran Anh Dao holds a bachelor’s degree from the University of Economics in Ho Chi Minh City and joined the State Securities Commission in late 1998, the first class to work at HOSE. Ms. Dao was appointed as Deputy General Director in charge of auction and listing management from 2013 to present.

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Ms. Tran Anh Dao

Besides Ms. Dao, HOSE also has 3 deputy general directors: Ms. Ngo Viet Hoang Giao, Mr. Nguyen Vu Quang Trung and Mr. Tram Tuan Vu.

Also on May 19, the Central Inspection Committee decided to warn the Party Committee of the State Securities Commission for the term 2015 – 2020, 2020 – 2025; Mr. Tran Van Dung, Member of the Executive Committee of the Party Committee of the Ministry of Finance, Secretary of the Party Committee of the Agency, Chairman of the State Securities Commission was dismissed from all positions in the Party.

Warning: Vu Bang, former Secretary of the Agency’s Party Committee, former Chairman of the State Securities Commission; 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 Board of Members of the Vietnam Stock Exchange; Nguyen Son, Secretary of the Party Committee, Chairman of the Board of Directors of the Vietnam Securities Depository Center.

Previously, at the 13th meeting of the Central Inspection Committee, there were conclusions about violations by the Party Committee of the State Securities Commission for the 2015-2020 term, the Central Inspection Committee found that:

The Party Committee of the State Securities Commission has violated the principle of democratic centralism and working regulations; lack of responsibility, loose leadership, direction, lack of inspection and supervision, so that some organizations and individuals under the State Securities Commission have many violations and shortcomings in advising on institutional building, policies and implementation of state management of securities activities and the securities market, so that a number of organizations and individuals violate the law, manipulate the market, and gain illicit profits.

On the morning of May 20, the Ministry of Finance also assigned Deputy Minister Nguyen Duc Chi to directly take charge, direct and administer the State Securities Commission after the Minister signed a decision to dismiss Mr. there have been serious violations and shortcomings in the work.

The Ministry of Finance also said that it has a plan to ensure personnel work and a plan to ensure the stock market operates continuously, stably and safely.

M. Ha

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Dismissed the Chairman of the Securities Commission, the Deputy Minister of Finance is temporarily in chargeDuring the period of reviewing and consolidating the personnel of the Chairman of the State Securities Commission, the Ministry of Finance assigned Deputy Minister Nguyen Duc Chi to directly take charge of, direct and operate the State Securities Commission from May 19. 2022.

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