On May 8th, the Vietnam National Petroleum Group sent Document No. 1016 to the State Securities Commission and the Ho Chi Minh City Stock Exchange, disclosing an abnormal information about the Resolution of the Group’s Board of Directors on personnel work.
Mr. Pham Van Thanh – Chairman of the Board of Directors and legal representative of the Group – temporarily manages Petrolimex. Photo: Petrolimex
Accordingly, on May 7th, the Group’s Board of Directors issued Resolution No. 133 on personnel work.
Specifically, the rights and obligations of the General Director as stipulated in the Charter of the Vietnam National Petroleum Group were temporarily suspended for Mr. Dao Nam Hai. Mr. Pham Van Thanh, Chairman of the Board of Directors and legal representative of the Group, was assigned to temporarily manage the Vietnam National Petroleum Group.
“This decision takes effect from May 8, 2025, until further notice,” Petrolimex announced.
This information was also published on Petrolimex’s website on May 8th.
Prior to this, Mr. Dao Nam Hai was temporarily suspended from his position as the representative of state capital in Petrolimex, according to a decision made by the Ministry of Finance on May 6th, which took effect immediately.
As a result, Mr. Dao Nam Hai will be temporarily suspended from his position as the representative of state capital in the group until the competent authority reaches a conclusion. This position is temporarily held by Mr. Pham Van Thanh, Chairman of the Board of Directors of Petrolimex.
In addition to this position, Mr. Dao Nam Hai also serves as a Member of the Board of Directors and General Director of Petrolimex. These two positions fall under the authority of the Company’s Board of Directors.
Mr. Dao Nam Hai was born in 1974 and holds a Master of Economic Law, a Bachelor of Business Administration from the National Economics University, and a Master of Business Administration from Hanoi National University.
Mr. Hai has been the CEO of Petrolimex since March 2022. Soon after, he was also appointed as a Member of the Group’s Board of Directors.
Previously, he served as Deputy General Director for nearly five years (from October 2017 to March 2022) and was a Member of the Board of Directors and General Director of Petrolimex Joint Stock Insurance Corporation (PJICO) for eight years (from April 2014 to March 2022).
Mr. Hai has also held key positions in Petrolimex’s member units, such as Construction and Installation Company 1 – Petrolimex and the National Reinsurance Company of Vietnam.
Currently, the Group’s Board of Directors comprises nine members, including CEO Dao Nam Hai and eight deputy general directors: Tran Ngoc Nam, Luu Van Tuyen, Nguyen Quang Dung, Nguyen Van Su, Nguyen Xuan Hung, Nguyen Sy Cuong, Nguyen Ngoc Tu, and Nguyen Dinh Duong.
“The Petrolimex and Pjico Partnership: A Review of Their Performance Under Mr. Dao Nam Hai’s Leadership.”
Prior to taking on the role of CEO at Petrolimex in March 2022, Mr. Hai served as the company’s Vice President for nearly five years and also held the position of CEO at PJICO Insurance for an extended period. With a strong background in leadership and a wealth of experience, he brings a fresh and dynamic perspective to the forefront of the industry.
The Forex Headwind: How Petrolimex Navigates a 15% Profit Plunge in Q4
Petrolimex (Vietnam National Petroleum Group, HOSE: PLX) experienced a significant decline in profits in Q4 due to volatile exchange rates. Despite this challenge, the Group achieved growth in its cumulative results, surpassing the plans approved by the 2024 General Meeting of Shareholders.
Unregistered Securities Trading Lands Cong Thanh Cement in Hot Water.
“The Cement Company, Xi Mang Cong Thanh, has been fined a total of VND 507.5 million by the State Securities Commission of Vietnam (UBCKNN) for failing to disclose information and violating securities trading laws. This penalty serves as a reminder to all listed companies of the importance of adhering to disclosure and transparency regulations.”
