Many enterprises in Vietnam have recently experienced changes in high-level personnel due to unfavorable financial conditions. At International Dairy Products JSC, Mr. Doan Huu Nguyen was appointed as CEO, replacing Mr. Bui Hoang Sang, who had just taken office in February 2024, due to a net loss of over 36 billion VND in Q2. IDICO also registered the departure of Mr. Nguyen Van Thinh, who no longer meets the criteria for independent board member status after his family purchased shares. Additionally, CEO of Vinh Phuc Infrastructure Development JSC, Mr. Pham Trung Kien, submitted his resignation for personal reasons, although he remains on the board. Companies like Vinaconex-ITC have seen five board members and three supervisory board members resign after the parent company divested from this subsidiary. These departures are mainly related to personal reasons and investment restructuring.
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