Following their appointments, both Mr. Huy and Mr. Dang will receive the salary of Deputy General Directors, Level 1/2, with a coefficient of 2.72, as per the Salary and Remuneration Distribution Scheme of the Corporation. Neither of the two new VCG Deputy General Directors holds any VCG shares.
According to VCG’s information disclosure, Mr. Nguyen Hai Dang holds a Bachelor’s degree in Business and currently serves as the CEO of Bach Thien Loc Joint Stock Company. As of June 30, 2025, Bach Thien Loc is a subsidiary 99.99% owned by VCG, specializing in the investment, construction, and operation of hydroelectric projects, with its headquarters in Quang Ngai Province.
Meanwhile, Mr. Le Van Huy holds a Bachelor’s degree in Economics and a Ph.D. in Political Economy. He also serves as Deputy General Director of Vinaconex Tourism Investment and Development Joint Stock Company (Vinaconex-ITC, UPCoM: VCR), a company from which VCG fully divested in August.
Specifically, in early July 2025, VCG’s Board of Directors approved the transfer of all 107.1 million VCR shares (51% ownership) held by VCG at a minimum price of 48,000 VND per share. By August 6, the company announced the successful sale of all 107.1 million VCR shares through three transactions between July 14 and August 1.
During this period, four new companies acquired nearly 197 million VCR shares (94.2% of capital), including ANPHA Hanoi Real Estate Trading Floor LLC, Imperia An Phu LLC, Silver Field International Trading LLC, and Phu Quoc East Zone LLC.
Shortly after, VCR announced the resignation of five Board of Directors members for the 2021-2026 term, including Mr. Le Van Huy, due to VCG’s complete divestment. Additionally, VCR removed Mr. Huy from his roles as CEO and Legal Representative effective August 1. Since then, Mr. Huy has been appointed as Deputy General Director of VCR.
Undercurrents of Ownership Change at Cat Ba Amatina
According to VCG’s 2024 Annual Report, Vinaconex-ITC (VCR) primarily operates in real estate investment and development, serving as the developer of the Cat Ba Amatina tourism urban area project in Hai Phong City.
The project spans over 172 hectares. The Hai Phong People’s Committee has issued a land allocation decision and allowed VCG to lease the land, converting the annual lease to a one-time payment for project implementation. Construction of Phase 1 components is currently underway.
Rendering of the Cat Ba Amatina Tourism Urban Area, Hai Phong – Image: VCG
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– 11:58 AM, September 29, 2025
Vinaconex-ITC Welcomes New Chairman, Accelerates Cát Bà Amatina Project Under Fresh Ownership
Vinaconex-ITC’s shareholder structure has undergone a significant transformation with the addition of four new shareholders: Hanoi Anpha Real Estate Trading Floor LLC, Imperia An Phu LLC, Silver Field International Trading LLC, and Phu Quoc East Zone LLC.
The Hidden Waves of Change: Unveiling the New Era of Cat Ba Amatina
In just a few days, a significant chunk of Vinaconex Tourism Development & Investment Joint Stock Company (VCR) shares on UPCoM exchanged hands, finding their way to new owners. The company, plagued by consistent losses for over a decade, saw its stock surge in value early this year, with a remarkable rally starting in June that took it to a 3-year high of VND47,300 per share on July 28.
Inauguration of the Wastewater Treatment Plant at the Cat Ba – Amatina Project
On the morning of November 26, 2024, Vinaconex – ITC, a leading tourism investment and development company, inaugurated a state-of-the-art wastewater treatment plant at the Cat Ba Amatina project in Tran Chau, Cat Ba Island, Haiphong. With a capacity of 10,000 cubic meters per day, this plant utilizes advanced European technology to process wastewater, showcasing Vinaconex – ITC’s commitment to environmental sustainability and innovation.
Is Vinaconex Pulling Out of the Cat Ba Amatina Project?
At the 2024 Vinaconex Annual General Meeting of Shareholders, the company’s leaders affirmed that they would continue to invest in Cat Ba Amatina and would not withdraw from this project.
Vinaconex ITC considers partial transfer of Cat Ba Amatina project after repaying 2.2 trillion VND to parent company
In the upcoming 2024 annual general meeting, Vinaconex ITC proposes to sell a portion of the Cát Bà Amatina project to another investor in order to continue investing, conducting business, selling or leasing properties, and renting or buying houses and construction works.
