Little known facts about Sabeco's new 'general' Le Hong Xanh

Although Mr. Le Hong Xanh's assumption of the position of General Director and executive role in Sabeco had been rumored before, it still caused a big surprise, because according to age regulations, Mr. Xanh is "close" to retirement.

Mr. Le Hong Xanh

Saigon Beer - Alcohol - Beverage Corporation (Sabeco) has recently been mentioned a lot in the press, due to its involvement in scandals regarding personnel appointments, the most prominent of which is the name Vu Quang Hai (son of Mr. Vu Huy Hoang, former Minister of Industry and Trade).

Meanwhile, on July 5, Sabeco once again attracted public attention with the appointment of Mr. Le Hong Xanh (member of the Board of Directors and Deputy General Director) to the position of General Director.

Mr. Le Hong Xanh is 59 years old this year, originally from Ha Tinh. Before joining Sabeco, Mr. Xanh worked for Vinamilk, as head of the marketing department.

At Sabeco, Mr. Xanh's career path started as marketing director, then deputy general director, to board member and now CEO.

In addition, according to VTC News, Mr. Xanh is currently a member of the board of directors of Saigon Beer Transport and Delivery Joint Stock Company (SBC).

It is known that at SBC, Mr. Xanh's wife, Ms. Truong Thi Bich Thanh, is holding about 152,550 shares.

Before Mr. Xanh, the “chair” of Sabeco’s CEO belonged to Mr. Vo Thanh Ha (concurrently chairman of the board of directors). However, many people believe that this “chair” was originally “assigned” to the “business management prodigy” Vu Quang Hai.

It should also be mentioned that Mr. Vo Thanh Ha used to be the Chief of Office of the Ministry of Industry and Trade and had a long time working as a secretary for Mr. Vu Huy Hoang (Mr. Vu Quang Hai’s father). Mr. Ha is a very new face in the business world, and in fact, Mr. Ha also caused many surprises when he was appointed as Chairman of the Board of Directors to replace Mr. Bui Ngoc Hanh – a former member of Sabeco.

What has puzzled the public over the past time is that the Ministry of Industry and Trade has been hesitant in finding a new person for the position of Sabeco's general director. Therefore, the appointment of Mr. Le Hong Xanh to the position of Sabeco's general director while he is likely to retire next year may only be a temporary measure.

According to VTC News