Recent Developments at Vietnam National Petroleum Group
On May 6th, the Ministry of Finance issued a decision to temporarily suspend Mr. Dao Nam Hai from his role as the state capital representative at the Vietnam National Petroleum Group (Petrolimex). Mr. Hai, who served as a member of the Board of Management, Chairman of the Board of Directors, and CEO of Petrolimex, has been relieved of his duties pending the conclusion of an investigation by the appropriate authorities.
Concurrently, Mr. Pham Van Thanh has been entrusted with the state capital previously held by Mr. Hai. Mr. Thanh, as the Acting General Manager, also chairs the Board of Directors of the Vietnam National Petroleum Group. The decision took effect immediately on May 6th.
Mr. Dao Nam Hai, the CEO of Petrolimex (born in 1974), holds a Master of Economic Law and a Bachelor of Business Administration from the National Economics University, as well as a Master of Business Administration from Hanoi National University.
Prior to assuming the role of CEO in March 2022, Mr. Hai served as Deputy General Director for nearly five years (October 2017 – March 2022) and was a member of the Board of Management and CEO of PJICO, a subsidiary of Petrolimex, for eight years (April 2014 – March 2022).
Mr. Hai also held pivotal positions in several Petrolimex subsidiaries, including his role as a member of the Board of Management at Petrolimex Construction Joint Stock Company and National Reinsurance Corporation of Vietnam.
Mr. Dao Nam Hai
Mr. Pham Van Thanh
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