VietNamNet Bridge – Just some months after they were extolled as the next-generation businessmen, the young entrepreneurs born in 1980s have resigned from their posts amid the astonishment.

Mr Dang Hong Anh (left) and Pho Thien Son

The 8X bosses who have stepped down

The key business fields of the national economy since late 2012 have witnessed the leave of a series of “big bosses,” who are all young entrepreneurs, born in 1980s – the 8X generation.

Most recently, Pho Thien Son, General Director of OCH, a hotel and service company, has left his office just after six months on the post. OCH’s Board of Directors has announced the dismissal of Son from his post as CEO since February 7, 2013, or just some days before the Lunar New Year of Snake. The board of directors also decided that Son would hold the post of the permanent member of the board of directors of OCH since February 7, 2013.

Son was put in the position of CEO half a year ago, on July 25, 2012. He was born in November 1984, and became one of youngest CEO in the Vietnam’s stock market at that time. Prior to that, he had held a high position at the Ocean Securities Company.

In late 2012, the banking circle was stirred up by the news that Dang Van Thanh, former President and founder of Sacombank, one of the biggest commercial banks in Vietnam, and his family members, spontaneously resigned from their posts.

Those, who left the bank, included the two young faces--Thanh’s son Dang Hong Anh and daughter Dang Huynh Uc My.

Born in 1981, Dang Huynh Uc My has been praised as a young talented businesswoman. My once held very important positions at leading sugar companies in Vietnam. Especially, she was once the CEO of Thanh Thanh Cong Company, and member of the supervisory board of Sacombank Securities Company.

However, in late December 2012, Dang Huynh Uc My unexpected resigned from the post of CEO of Thanh Thanh Cong because of the health problem.

Prior to that, Dang Hong Anh also stepped down as Deputy Chair of the Board of Directors of Sacombank since December 11, 2012, because of personal reasons.

Dang Hong Anh and his father Dang Van Thanh were the familiar names to the public, because their names were repeatedly found in the list of the richest stock millionaires, or the ones who have the most valuable stock assets. In 2012, Anh was recognized as one of the investors who were best in earning money on the bourse.

Another well-known 8X entrepreneur--Tram Khai Hoa, the son of Tram Be--a big guy in the Vietnamese business circle, has reportedly resigned from the post of Chair of Phuong Nam for personal reason.

Those who still hold out

Though having not been highly appreciated in his ability of managing business, Nguyen Quoc Cuong still has been staying firmly on his post as Deputy General Director of Quoc Cuong Gia Lai Group, even though the group experienced a very tough year 2012.

2012 was considered a bad year for many bankers, who had to leave because of the unsatisfactory business results. However, as for Duong Hoang Quynh Nhu, born in 1982, this was a good year, when she could show her high ability as the manager of Sacombank.

In 2004-2008, Nhu worked as the assistant to the CEO of a Taiwanese invested garment company. After that, she became the member of the board of directors and deputy CEO of Phuong Nam Bank.

Lao Dong