International Dairy Products Company (IDP) recently appointed Mr. Doan Huu Nguyen as CEO, replacing Mr. Bui Hoang Sang, who had held the position for a short time. This leadership change comes as the company reported a net loss of over 36 billion VND in Q2, marking the first loss in its history. Mr. Nguyen has extensive experience in major companies and also has a role in a new enterprise in Dong Nai.
At IDICO Urban Development and Investment Company, Mr. Nguyen Van Thinh announced that he no longer meets the criteria to remain an independent board member due to family members owning shares in the company.
Mr. Pham Trung Kien, CEO of Vinh Phuc Infrastructure Development Company, has resigned for personal reasons but will remain on the board.
Vinaconex Investment and Tourism Development Company also saw five board members resign, partly due to Vinaconex completing its exit from Vinaconex ITC after selling 51% of its capital.
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