Duong Thi Mai Hoa (left) will replace Le Thi Thu Thuy (right) as CEO of Vingroup.— Photo Dantri.com.vn

HA NOI (Biz Hub) — Duong Thi Mai Hoa, 45, will be the new CEO of Vingroup, according to the decision made by the group's Board of Directors.

Before joining Vingroup in 2013, Duong Thi Mai Hoa was the finance director of Oracle Vietnam Company and has previously held high posts in different commercial banks in Viet Nam.

Meanwhile, current CEO Le Thi Thu Thuy, who is still the group vice president, will be in charge of the brand new eCommerce service. It was launched with the establishment of the VinE-com company to create a trustworthy, high-quality online shopping channel in Viet Nam.

As e-commerce has been identified as a key future strategy which can bring superior benefits for the group, it has decided to appoint Thuy as both chairman and CEO of VinE-com because of her extensive experience in international markets and dynamic vision.

These appointments will take effect from the day their amended registration is approved by the Ha Noi Department of Planning and Investment.—VNS