On May 6, the Ministry of Finance decided to temporarily suspend Mr. Dao Nam Hai from his position at the Vietnam National Oil and Gas Group (Petrolimex) until further notice from the competent authority. Mr. Pham Van Thanh is appointed to oversee the state capital that Mr. Hai holds. Mr. Dao Nam Hai, born in 1974, holds a Master’s degree in Economic Law and a Master’s in Business Administration. He has nearly five years of experience as Deputy General Director and eight years as General Director of Petrolimex Insurance Corporation (PJICO). Under his leadership, Petrolimex experienced significant revenue fluctuations, losing 1 trillion VND, while also creating opportunities to expand retail networks through mergers.
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