Son-in-law of Vietnam’s former prime minister to leave Vietcap Securities
Nguyen Hoang Bao, husband of former Vietnamese Prime Minister Nguyen Tan Dung’s daughter Nguyen Thanh Phuong, has submitted his resignation from Vietcap Securities JSC’s board of directors for "personal reasons."
The resignation will be taken up at the upcoming annual shareholder meeting scheduled for April, the firm said in an announcement.
Nguyen Hoang Bao, a board member of Vietcap Securities. Photo courtesy of the company.
Bao, also known as Henry Nguyen, has been sitting on the board since 2011. He currently holds no shares of Vietcap Securities, listed on the Ho Chi Minh Stock Exchange as VCI. His wife, VCI chairwoman, owns 4% of the firm.
Bao, 51, holds a bachelor’s degree in business administration from Harvard University, an MD from Northwestern University and a master’s degree in business administration from Kellogg School of Management.
Besides VCI, he holds top positions at several other companies. He is chairman of the Good Day Hospitality Company, Viet Capital Real Estate and Phoenix Holdings, the last firm specializing in investing in technology, consumer-retail, fintech, education, sports, communication and entertainment.
Bao is also in charge of franchise development at fast-food chain McDonald’s Vietnam and executive chairman of Timo Vietnam JSC, which runs Timo - the first digital bank in the country
He founded the Saigon Heat basketball team, co-founded the Vietnam Basketball Association and is president of the Vietnam Basketball Federation.
Bao is also a founding board member of British University Vietnam and a member of Fulbright University Vietnam’s Board of Trustees.
VCI shares closed down 2.74% to VND47,850 ($1.94) apiece on Friday.
- Read More
Over 86 mln bank accounts in Vietnam to be terminated from September 1
More than 86 million bank accounts that have not been biometrically authenticated or have been 'frozen' for a long time will be deleted starting September 1 to prevent fraud and cybercrime.
Banking - Sat, July 19, 2025 | 12:02 pm GMT+7
Malaysia boosts investment in green technology, digital transformation
Malaysia is unlocking high-impact investments at the intersection of sustainability and digital transformation, a key priority under the MADANI government’s green growth agenda.
Southeast Asia - Sat, July 19, 2025 | 11:59 am GMT+7
Indonesia expands retail network in Asia to boost exports
Indonesia has opened 2,400 retail stores in the Philippines and plans to expand into Malaysia, Bangladesh, and other Asian countries, Indonesian Trade Minister Budi Santoso said on Thursday.
Southeast Asia - Sat, July 19, 2025 | 11:57 am GMT+7
Southeast Asia IPO performance in Jan-June
The first half of 2025 saw a measured rebound in Southeast Asia’s capital markets, underpinned by stabilizing macroeconomic conditions and renewed momentum in larger IPOs, particularly in Malaysia and Indonesia, write Deloitte analysts.
Consulting - Sat, July 19, 2025 | 11:41 am GMT+7
Vietnam's fund management market must be transparent, sustainable to allure investors: experts
To spur the growth of Vietnam’s fund management industry, an open, transparent and fair playing field is needed for all participants, experts said at a seminar hosted by The Investor on Thursday.
Finance - Sat, July 19, 2025 | 9:32 am GMT+7
More data center investment to be poured into Vietnam: Cushman & Wakefield
Vietnam is an ideal destination for data center investment and the country is expected to see further interest from international investors, according to consultancy firm Cushman & Wakefield.
Companies - Sat, July 19, 2025 | 9:00 am GMT+7
Vietnam's Ministry of Science and Technology works with Google to explore digital transformation, AI
The Vietnamese Ministry of Science and Technology (MoST) has been working with Google to explore deeper cooperation in digital transformation, AI, and support for small and medium-sized enterprises (SMEs).
Companies - Sat, July 19, 2025 | 12:01 am GMT+7
Thailand hopes for US tariffs at levels comparable to other regional countries
Thai Deputy Prime Minister and Minister of Finance Pichai Chunhavajira on Friday expressed his expectation that the U.S.'s final reciprocal tariff rate imposed on Thailand's exports will align closely with other countries in the region, likely settling at approximately 20%.
Southeast Asia - Fri, July 18, 2025 | 11:53 pm GMT+7
Vietnam's central bank to assess compliance of banks in risk management
The State Bank of Vietnam (SBV) will deploy monitoring measures and tools to assess the compliance of commercial banks in implementing requirements related to risk management, especially compliance with Basel III international banking standards, an SBV official said on Wednesday.
Banking - Fri, July 18, 2025 | 11:49 pm GMT+7
Malaysia aims to play key role in implementing ASEAN Power Grid
Malaysia is expected to assume a key role in the implementation of the ASEAN Power Grid (APG) starting next year, leveraging its strategic advantages to lead the regional initiative aimed at integrating electricity transmission networks across Southeast Asia.
Southeast Asia - Fri, July 18, 2025 | 11:36 pm GMT+7
Tran Duc Thang assigned to be acting Minister of Agriculture and Environment
Vietnam's Prime Minister Pham Minh Chinh has assigned Tran Duc Thang, a Party Central Committee member and standing Deputy Chief Inspector of the Government, to be acting Minister of Agriculture and Environment, starting from Thursday.
Politics - Fri, July 18, 2025 | 11:28 pm GMT+7
Gasoline vehicle market stalls as consumer sentiment wavers
While the electric vehicle (EV) market is gaining momentum, dealers of gasoline-powered cars and motorbikes, both new and used, in Hanoi are facing a wave of order cancellations, vehicle returns, and even deposit forfeiting.
Companies - Fri, July 18, 2025 | 7:48 pm GMT+7
E10 fuel rollout marks key step in Vietnam’s green energy transition
From January 1, 2026, all gasoline distributed across Vietnam must contain 10% ethanol, marking a pivotal milestone in the country’s shift toward green energy and its long-term carbon neutrality goals.
Companies - Fri, July 18, 2025 | 7:40 pm GMT+7
Vietnam's consumer finance major F88 wins M-CRIL’s gold-level client protection certification
F88 Investment JSC (F88), a pioneering enterprise in the field of alternative finance in Vietnam, has once again reaffirmed its position by receiving the prestigious Gold-Level Client Protection Certification (CPC) from M-CRIL.
Companies - Fri, July 18, 2025 | 4:36 pm GMT+7
HCMC faces shortfall of 179,000 new apartments: Savills
Ho Chi Minh City aimed to develop approximately 235,000 new housing units for the 2021-2025 period, but only 24% of this target has been achieved, leaving the city short by 179,000 units.
Real Estate - Fri, July 18, 2025 | 4:09 pm GMT+7
Telecom giant Viettel proposes $317 mln wind power project in central Vietnam
Military-run telecom heavyweight Viettel is proposing a 198 MW wind power project in the central province of Quang Tri, with four separate plants and a total cost of $317 million.
Energy - Fri, July 18, 2025 | 3:54 pm GMT+7
