In a series of recent leadership changes, SJS has announced that Do Van Binh will step down as Chairman of the Board for the 2020-2025 term, effective August 21. Mr. Binh has instead been appointed as the company’s Vice Chairman. As of the end of 2023, Mr. Binh was the second-largest shareholder in SJS, with a 7.81% stake.
Taking on the role of Chairman is Bui Quang Bach, who was elected by the Board of Directors. Mr. Bach previously served as a member of the Board.
Additionally, Phuong Xuan Thuy has been appointed as the company’s new Vice Chairman. Prior to this appointment, Mr. Thuy was a member of the Board of Directors.
According to reports from SJS, all three of these Board members hold significant positions in several other organizations. The new Chairman, Bui Quang Bach, is currently a member of the Board of Directors at National Securities Joint Stock Company (NSI) and SAM HOLDINGS Joint Stock Company (HOSE: SAM). He also serves as an Independent Member of the Board of Directors at Tasco Joint Stock Company (HNX: HUT) and as Vice Chairman of the Board of Directors at DNP Holding Joint Stock Company (HNX: DNP).
Mr. Thuy also has connections to SAM, as he currently serves as their Vice Chairman. Additionally, he is a member of the Board of Directors at Dam Sen Water Park Joint Stock Company (HOSE: DSN) and Phu Tho Tourism Services Joint Stock Company (the largest shareholder of DSN). He also serves as Chairman of the Board of Directors at Sacom Tuyen Lam Joint Stock Company (a subsidiary of SAM) and Infinity Group Investment Joint Stock Company.
 Mr. Bui Quang Bach (left) and Mr. Phuong Xuan Thuy
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As for the former Chairman, Do Van Binh, he concurrently serves as Chairman of the Board of Directors at Ocean Financial and Construction Investment Group Joint Stock Company, General Director of Song Bac Hydropower Joint Stock Company, and Chairman of Sudico Tien Xuan One-Member Limited Liability Company.
Mr. Do Van Binh
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Prior to these Board changes, SJS had already made a change in their leadership back in July 2024. The company appointed Nguyen Viet Cuong as the Acting General Director and legal representative, replacing Do Trong Quynh effective July 15. Notably, Mr. Cuong had only joined the SJS Board of Directors a month prior on June 14, 2024.
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