Previously serving as SJC’s Deputy CEO, Mr. Dao Cong Thang assumed the acting CEO position on October 18, 2024. His name is now the sole entry listed under the company’s leadership section on its official website.

The SJC Board of Members currently comprises only two individuals: Chairman Tran Van Tinh and member Nguyen Tien Phuoc. The company’s Supervisory Board is represented solely by Nguyen Cong Tuong.

Ms. Le Thuy Hang, who had served as SJC’s CEO since December 2019, has officially vacated her role.

During a regular government press conference on November 9, Major General Hoang Anh Tuyen, Deputy Chief of Staff and spokesperson for the Ministry of Public Security, disclosed the indictment of six individuals connected to SJC and associated entities.

The accused are alleged to have exploited gold price stabilization programs by falsifying documents and records to misappropriate assets.

While the Ministry of Public Security has yet to reveal the identities and specific actions of the accused, the investigation is ongoing.

SJC, established in 1988, is a state-owned enterprise under the Ho Chi Minh City People's Committee. Renowned for its gold bar brand, SJC has been a dominant player in Vietnam's gold market, with its products widely recognized for their high storage value and liquidity. 

SJC currently plays a pivotal role in Vietnam's gold market. In response to market demands, the company has been directed to produce large quantities of gold bars to stabilize the market, ensuring adequate supply and price stability.  

SJC boasts an extensive distribution network across Vietnam, with numerous branches and retail outlets in major cities, including Ho Chi Minh City, Hanoi, Da Nang, and Can Tho. 

Tuan Nguyen