Pham Nhat Vuong quits Vinhomes’ chairman position

Friday, Mar 01, 2019 16:25

Nguyen Dieu Linh, new chairwoman of Vinhomes. — Photo

Vinhomes Joint Stock Company, a member of property developer Vingroup, has appointed Nguyen Dieu Linh as the new chairman of the board of directors, starting February 28.

Linh has replaced billionnaire Pham Nhat Vuong who recently resigned.

He will remain a member of the board of directors.

Born in 1974, Linh holds a bachelor’s degree in foreign languages and law, having worked for several law firms before joining Vincom Joint Stock Company (the precursor to Vingroup) in January 2005.

Prior to this appointment, Linh was vice chairwoman cum general director of Vinhomes JSC. She represented more than 1.1 million Vinhomes’ shares owned by Vingroup, equivalent to 34.83 per cent ownership.

The Vinhomes executive board has also approved the dismissal of Linh as general director and appointed Luu Thi Anh Xuan to this position for a five-year term.

Xuan was born in 1970 and used to be general director of Vinhomes 2 Real Estate Trading Company Ltd. Before joining the firm, Xuan held important positions at international and domestic banks.

Since its establishment in early 2008, Vinhomes has undergone four changes of charter capital from VND200 billion (US$8.6 million) to nearly VND26.8 trillion. Currently, Vingroup is the parent company with nearly 70 per cent of charter capital.

In 2018, Vinhomes posted a pre-tax profit of over VND19.6 trillion, holding the top position of profit on the stock exchange.

By the end of 2018, Vinhomes’s total assets had reached nearly VND117.81 trillion. — VNS

Comments (0)