On May 6, the Ministry of Finance decided to temporarily suspend Mr. Dao Nam Hai, General Director of Petrolimex, from his position at the Vietnam Petroleum Group until further notice from the competent authorities. Born in 1974, Mr. Hai has extensive experience in insurance and business management. Before becoming CEO in March 2022, he served as Deputy General Director and led PJICO for 8 years. He has also held leadership roles in various units of Petrolimex. According to reports, Petrolimex’s revenue dropped by 1 trillion VND due to oil price fluctuations, although there are opportunities to expand the retail network through mergers with provinces.
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