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Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
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Ho Chi Minh City
Sunday, July 6, 2025

Tan Hiep Phat Beverage Group has new CEO

The Saigon Times

Must read

HCMC – David Riddle, Tan Hiep Phat Beverage Group vice chairman, has been picked as new CEO and legal representative of the Binh Duong-based company.

The Briton has management experience in global leading corporations. He has been serving as vice chairman of Tan Hiep Phat for 13 years.

The appointment came a day after Tan Hiep Phat’s CEO and founder Tran Qui Thanh, 70, were charged with misappropriation of assets.

Thanh’s two daughters, Tran Uyen Phuong, 42, and Tran Ngoc Bich, 39, face the same charge. Phuong and Bich are deputy CEOs of Tan Hiep Phat.

Of the three suspects, Thanh and Phuong have been detained.

The latest developments are part of a probe into claims accusing Thanh, his two daughters and some other individuals of committing acts of property embezzlement, abuse of trust and misappropriation of assets, and tax evasion.

The investigations of Thanh, Phuong and Bich were unrelated to the company’s activities, Tan Hiep Phat said in a statement.

Vietnam’s largest beverage producer has committed to minimizing negative impacts on its operations and partners.

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