On July 26, the Board of Directors (BoD) of Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) announced a resolution to relieve Mr. Dao Ngoc Thanh from his position as Chairman of the BoD, effective July 26. Mr. Thanh resigned due to personal reasons and advanced age. He had held the position since 2019.

Despite stepping down from the BoD, Mr. Thanh will transition to a new role. On the same day, the BoD of Vinaconex issued a resolution to establish a Strategic Council, with Mr. Dao Ngoc Thanh serving as its Chairman. This council will comprehensively research and evaluate the corporation's business activities and propose strategic development directions.

Simultaneously, Ha Do Group (HDG) announced it had received a resignation letter from Mr. Nguyen Trong Thong, born in 1953, who founded and led the group since the 1990s. In his resignation letter, Mr. Thong cited age, health issues, and legal compliance regarding related persons as reasons for stepping down from his position as Chairman of the BoD and not participating in the BoD.

A major real estate entity, Dat Xanh Group (DXG), recently announced a BoD resolution to change its Chairman. Mr. Luong Tri Thin resigned from his position as Chairman of the BoD on July 3. Following his resignation, Mr. Thin will assume the new role of Chairman of the Strategic Council of DXG. His successor is Mr. Luong Ngoc Huy, Deputy General Director. With this change, the DXG BoD now consists of five members: Mr. Luong Tri Thin, Bui Ngoc Duc, Ha Duc Hieu, and Nguyen Pham Anh Tai, with Mr. Huy also serving as Deputy General Director. Mr. Thin remains a member of the BoD as per the term approved by the general meeting of shareholders.

Within the Dat Xanh ecosystem, on July 23, Dat Xanh Real Estate Services Joint Stock Company (DXS) announced that it had received a resignation letter from Mr. Pham Anh Khoi, who stepped down from his positions as a BoD member, a member of the Audit Committee, and Director of the Dat Xanh Economic-Financial-Real Estate Research Institute (DXS-FERI), citing personal reasons.

At the beginning of July, Mr. Pham Van Tuyen, Deputy General Director of Song Da 11 Joint Stock Company (SJE), submitted his resignation after 1.5 years in the position. Mr. Tuyen cited a mismatch between his skills and the job requirements as well as the company’s development direction. The BoD of Song Da 11 approved his resignation on July 1 and appointed Mr. Nguyen Ngoc Khue as his replacement for a five-year term (2024-2029).

Earlier, in June, An Gia Real Estate Investment and Development Joint Stock Company (AGG) announced the resignation of its General Director, Mr. Nguyen Thanh Son, effective June 3. Notably, Mr. Son had only assumed the role in mid-January 2024.

In May, Hai Phat Investment Joint Stock Company (HPX) announced a change in its General Director position, relieving Mr. Doan Hoa Thuan and appointing Mr. Nguyen Van Phuong. Mr. Thuan’s resignation was due to differences in management and operational perspectives, which prevented him from continuing in the role. Mr. Thuan had joined Hai Phat in 2017 as Deputy General Director and was appointed General Director in July 2018 for the 2018-2023 term. On July 24, 2023, he was reappointed as General Director.

In April, Mr. Dam Manh Cuong resigned from his position as General Director of Thu Duc House Development Joint Stock Company (TDH) because he felt he could not meet the new BoD's criteria. Mr. Cuong had held the position since November 30, 2021. In August 2023, Thu Duc House underwent significant changes in major shareholders and BoD members, and Mr. Cuong found himself unable to align with the new directions and activities of the company.

Also in April, Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land, SCR) experienced changes in its senior management. On April 12, Ms. Huynh Bich Ngoc, Chairwoman of the BoD, submitted her resignation for personal reasons. Ms. Ngoc had previously served as Vice Chairwoman and returned to the Chairwoman position in 2022. Subsequently, Mr. Nguyen Thanh Chuong was elected to take over as Chairman of the BoD at TTC Land.

Hanh Nguyen