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Ho Chi Minh City
Tuesday, October 26, 2021

Saigon Co.op chairman tenders resignation

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HCMC – Diep Dung, board chairman of the Saigon Union of Trading Cooperatives (Saigon Co.op), has tendered his resignation letter to the HCMC Party Committee, reported Thanh Nien newspaper.

In the letter, Dung said that the city’s business and manufacturing performance results as well as its measures to regulate social welfare issues and stabilize commodity prices over the past five years, from 2015 to 2020, have fared well.

However, he wants to resign as he has not fulfilled his role as the head of the Saigon Co.op, especially in terms of tasks assigned by the higher authorities over raising chartered capital leading to multiple irregularities recently discovered at Saigon Co.op, and uniting and leading the Saigon Co.op’s Party committee.

In late July, the HCMC Party Committee decided to suspend Diep Dung from all roles in the Saigon Co.op’ s Party Committee, including as Party secretary.

The municipal Party Committee’s Commission for Inspection concluded that Dung had directed the raising of capital and held an annual meeting illegally, violated the Party’s rules over personnel affairs and was dishonest with the organization when he was asked to make a report.

A representative from the municipal Party Committee’s Personnel Commission said that the commission has teamed up with the city’s departments and agencies to consider and collect feedback from authorities to deal with the Saigon Co.op leader’s resignation request.

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