Ms. Pham Thi Thu Hien, formerly the CEO of Vincom Retail, has been appointed as the Deputy CEO of Sales and Marketing.
In October 2023, Ms. Pham Thi Thu Hien was promoted from the position of Deputy CEO of Sales and Marketing to replace Ms. Tran Mai Hoa as the CEO of Vincom Retail. Since then, Ms. Tran Mai Hoa has served as a member of the Board of Directors.
Therefore, after almost half a year of exchanging positions, Ms. Tran Mai Hoa has returned to her previous position.
Ms. Tran Mai Hoa was born in 1974, she holds a bachelor’s degree in accounting from the National Economics University and the University of Foreign Languages – Vietnam National University, Hanoi. Ms. Hoa joined Vincom Retail in 2014 and served as the Deputy CEO from 2014 to early 2016, before being appointed as the CEO.
Ms. Tran Mai Hoa – CEO of Vincom Retail.
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On the same day of the personnel changes, Vingroup Corporation (HOSE: VIC) made a decision to sell up to 100% of the charter capital in SDI – the entity that owns 99% of the charter capital of Sado Trading Company, a major shareholder of Vincom Retail. The transaction is expected to be implemented from March 2024 to the third quarter of 2024. After the completion of the transaction, SDI, Sado Trading Company, and Vincom Retail will no longer be subsidiaries of Vingroup Corporation.
The CEO of Vingroup – Mr. Nguyen Viet Quang explained this decision: “This is the moment that requires us to concentrate all resources to develop Vingroup and key brands with high growth potential. To accomplish this mission, we will focus all our efforts, especially financial resources, to create a breakthrough development in the next turning point period.”
CEO Nguyen Viet Quang: Vingroup divests from Vincom Retail to concentrate resources on development
In terms of stock price, on March 18, VRE shares reached the ceiling price of 27,550 dong/share, with over 35 million shares traded. On the morning of March 19, VRE shares continued to be traded around 27,600 dong/share, an increase of over 18% compared to the beginning of the year. The average liquidity is over 10 million shares per day.
| Stock price movement of VRE from the beginning of the year until now |
Han Dong
