Mr. Nguyễn Việt Cường (left) and Mr. Tạ Minh Phương
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Mr. Nguyễn Việt Cường is no longer the CEO of TVSI since February 28, 2024, after holding this position for almost 1 and a half years (appointed in October 2022). Through the dismissal, TVSI decided to terminate the employment contract with Mr. Cường.
Mr. Nguyễn Việt Cường is a Master of Business Administration, joining TVSI in 2007 (one year after its establishment), holding the position of Deputy CEO and Member of the Board of Directors before being appointed as CEO and Chairman of the Board of Directors in early October 2022 (replacing Mr. Nguyễn Tiến Thành who passed away unexpectedly).
Mr. Cường did not get elected to the TVSI Board of Directors for the 2023-2028 term, and his successor as Chairman of the Board of Directors since June 26, 2023, is Ms. Trần Thị Cẩm Hạnh.
Interestingly, Ms. Trần Thị Cẩm Hạnh is also the person chosen by the Board of Directors to be the CEO of TVSI starting from February 28, 2024, replacing Mr. Cường.
 Chairwoman of the Board of Directors and CEO of TVSI – Ms. Trần Thị Cẩm Hạnh
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Ms. Trần Thị Cẩm Hạnh (born in 1984) holds a Bachelor’s degree in International Relations and a Master’s degree in Business Administration, joining TVSI in 2007 as the Head of Brokerage and Product Development. After holding various positions, Ms. Hạnh was appointed as a Director in 2018 and was elected to the Board of Directors for the 2023-2028 term as the Chairman of the Board of Directors.
At TVSI, Ms. Hạnh holds 31,382 shares, equivalent to 0.01% of the capital. Meanwhile, Mr. Nguyễn Việt Cường holds over 1 million shares, equivalent to 0.41%.
On the same day, February 28, 2024, the TVSI Board of Directors also dismissed the position of Deputy CEO and terminated the labor contract with Mr. Tạ Minh Phương. At the same time, Mr. Phương also stopped being the authorized person to announce information of the Company.
Mr. Tạ Minh Phương is a Master of Business Administration and a Computer Engineer, joining TVSI in 2008 as the Deputy Director of the Information Technology Department. He was appointed as the Deputy CEO of TVSI since January 2019 and was dismissed after more than 5 years in this position. Currently, Mr. Phương owns 180,035 shares in TVSI, equivalent to 0.07% of the capital.
Prior to that, the TVSI Board of Directors through the personal wish has dismissed the position of Deputy CEO with Mr. Lê Thanh Tùng starting from August 1, 2023.
After a series of high-level personnel changes, the TVSI Executive Board currently consists of Chairwoman of the Board of Directors and CEO Trần Thị Cẩm Hạnh and Member of the Board of Directors and Deputy CEO Bùi Thị Thanh Hiền.
| TVSI’s business results from 2012-2023 |
In terms of business performance, at the end of 2023, TVSI’s revenue decreased sharply by 92%, from over VND 2,500 billion in 2022 to VND 202 billion. The company incurred a net loss of VND 397 billion, while it made a profit of VND 148 billion the previous year, and the loss exceeded the plan of only VND 570 million for the whole year.
As of December 31, 2023, TVSI’s total assets reached VND 4,027 billion, a 6% decrease compared to the beginning of the year. Among them, the margin lending debt decreased by 35% to VND 204 billion. The FVTPL asset portfolio decreased by 3% to over VND 1,800 billion, mostly in unlisted bonds (over VND 1,600 billion) and stocks (nearly VND 180 billion).
