Eximbank Vice Chairman resigns

On the afternoon of September 19, the leaders of the Vietnam Export-Import Bank - Eximbank held a meeting and officially announced that Mr. Pham Trung Cang - Vice Chairman of the Board of Directors of Eximbank - had submitted his resignation for personal reasons.

Information about Mr. Pham Trung Cang. Source: CafeF

Accordingly, the Board of Directors of Eximbank has approved Mr. Cang's resignation and submitted it to the State Bank. At the meeting, Mr. Le Hung Dung - Chairman of the Board of Directors of Eximbank - said that Mr. Cang's resignation was due to personal reasons and was also related to the approval for Mr. Ly Xuan Hai to authorize 19 ACB employees to receive VND 718 billion from ACB to deposit in the Vietnam Joint Stock Commercial Bank for Industry and Trade, when Mr. Cang was still Vice Chairman of the Board of Directors at ACB.

However, Mr. Cang's violation did not greatly affect Eximbank's operations.

Mr. Pham Trung Cang is the representative of ACB and the group of legal entities with capital of ACB, but the percentage of shares represented and the group of legal entities of ACB at Eximbank is less than 10%, of which ACB alone is 1.04%. Mr. Cang himself also has shares at Eximbank, but not large.

According to Laodong-M