Introducing personnel to replace Mr. Vu Quang Hai

On the afternoon of December 25, the Ministry of Industry and Trade officially announced that Mr. Vu Quang Hai had resigned from the Board of Directors of Sabeco.

Mr. Vu Quang Hai has resigned from the Board of Directors of Sabeco.

The Ministry of Industry and Trade said it had received a report on December 22, 2016 from the State Capital Management Department at Sabeco regarding Mr. Vu Quang Hai's application on December 21, 2016 to the Board of Directors of Sabeco requesting to resign as a member of the Board of Directors.

Based on this report, the Ministry of Industry and Trade will review and direct the State Capital Management Department to consult with the Board of Directors and the General Meeting of Shareholders on handling Mr. Vu Quang Hai's application in accordance with the provisions of law and Sabeco's Charter.

The Ministry of Industry and Trade is also actively implementing the conclusion of the Central Inspection Committee on the personnel work of the Ministry of Industry and Trade in the recent past, including the transfer of Mr. Vu Quang Hai from the Ministry of Industry and Trade to work at Sabeco.

Also related to personnel work at Sabeco, at the request of the State Capital Management Department and in order to continue to improve the personnel work of this enterprise, the Ministry of Industry and Trade has decided to assign the representative of state capital and introduce Mr. Nguyen Thanh Nam, Deputy General Director of Sabeco, to join the Board of Directors.

Mr. Vu Quang Hai is currently a member of the Board of Directors and Deputy General Director of Sabeco. The process of appointing Mr. Vu Quang Hai to this position has raised many questions in public opinion recently.

The Central Party Secretariat concluded that Mr. Vu Huy Hoang, former member of the Central Party Committee, former Secretary of the Party Committee, former Minister of Industry and Trade, was not exemplary and showed signs of self-interest in accepting and appointing his son Vu Quang Hai as a controller of Vietnam Tobacco Corporation; deciding to transfer and nominate comrade Vu Quang Hai to join the Board of Directors of Sabeco to be elected as a member of the Board of Directors, Deputy General Director, violating the Central Executive Committee's Regulations on things that Party members are not allowed to do and the Secretariat's regulations on the responsibility of setting an example for cadres and Party members, violating the Law on Anti-Corruption, causing outrage in society.

According to Chinhphu.vn