Bamboo Capital announces senior personnel changes

Under a board of directors resolution effective last Friday, Vietnam's multi-sector conglomerate Bamboo Capital Group has a new deputy general director, while its first vice chairman Pham Minh Tuan resigned to focus on subsidiary Bamboo Energy.

Accordingly, Hoang Trung Thanh was appointed as Bamboo Capital's (HoSE: BCG) deputy general director.

Thanh, born in 1980, has a doctorate in business administration specializing in finance, a master's degree in practical financial technique, a master's degree in international business administration, and a bachelor's degree in foreign economic relations.

In his new role, Thanh will assist the general director in evaluating the performance of member companies, participate in coordinating the restructuring of Bamboo Capital's project, financial and operational systems to improve governance efficiency.

He will also represent Bamboo Capital in working with international partners to expand strategic cooperation and seek capital sources and development opportunities in line with the orientation of the group's ecosystem.

Meanwhile, Duong Thanh Tin, born in 1995, was appointed as the person in charge of corporate governance.

Tin has a bachelor's degree in finance and banking. He will support the board of directors' activities to ensure the group's compliance with legal regulations and company charter.

The board of directors also accepted the resignation of Pham Minh Tuan, the first vice chairman of the board.

Tuan is known for his important role in planning and implementing business strategies at Bamboo Capital. His mark is particularly prominent in the energy segment of the group when bringing BCG Energy into the list of Vietnam's largest renewable energy companies after only five years since its establishment in 2017.

After resigning from his role in the board, Tuan will focus on his duties as BCG Energy's (UPCoM: BGE) vice chairman and general director.

BCG Energy is currently facing a great opportunity to make a breakthrough as a series of supporting policies for the industry have been issued since last year, including the implementation of the National Power Development Plan VIII (PDP VIII), the Direct Power Purchase Agreement (DPPA) mechanism, and Decree 135 stipulating mechanisms and policies to encourage the development of self-consumed and self-produced rooftop solar power, Bamboo Capital stated in its release on Sunday.

In addition, BCG Energy's Tam Sinh Nghia waste-to-energy plant project has officially been included in the PDP VIII, with a total capacity of up to 200 MW in Ho Chi Minh City, it added.

In parallel with personnel decisions, Bamboo Capital continues to maintain control and strategic direction at core units in its multi-industry ecosystem through receiving voting authorization from individual and institutional shareholders at two member companies, Tracodi (HoSE: TCD) and BCG Energy.