Viet Nam National Petroleum Group (Petrolimex) has appointed Pham Van Thanh as the new chairman of the group for the period of 2016-2021, starting May 1, 2018.

Thanh has replaced Bui Ngoc Bao, who reached the retirement age according to current regulations.

Prior to his appointment, Thanh was general director of Petrolimex Aviation Fuel Joint Stock Company.

He graduated from Viet Nam University of Commerce in 1993 and worked in the accounting department of Viet Nam Petroleum Corporation (former name of Petrolimex). After that, he worked for eight years at Petrolimex Joint Stock Insurance Company, Hai Phong branch, in many capacities, including director of the branch.

In April 2013, Thanh was appointed general director of Petrolimex Aviation. Under his management, after seven years, the sales of Petrolimex Aviation are 40 times higher, and the ratio of profit over charter capital has always been more than 100 per cent in the last three to four years. — VNS