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Saturday, June 15, 2024

Vincom Retail has new general director

The Saigon Times

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HCMC – Pham Thi Thu Hien, deputy general director for sales and marketing at Vincom Retail JSC (HOSE: VRE), has been named general director of the firm, effective from April 22.

The decision comes after the dismissal of CEO Tran Mai Hoa, who is also vice chairwoman of VRE for the 2024-2028 term.

Tran Mai Hoa relinquished her post as CEO on April 22.

This leadership transition at Vincom Retail occurred one day before the company’s annual general meeting of shareholders, held today, April 23.

Vincom Retail’s 2024 annual general meeting agenda also includes proposals to remove Thai Thi Thanh Hai and Le Mai Lan from their positions as members of the board of directors in the 2023-2028 term.

Furthermore, the company intends to appoint a new board member for this term, with Nguyen Hoai Nam nominated as a candidate.

In 2024, Vincom Retail aims to achieve gross revenue of VND9.5 trillion and net profit of VND4.42 trillion, reflecting a slight increase from 2023 due to improved business conditions.

The company also plans to expand its portfolio with six new commercial centers, comprising two Vincom Mega Malls and four Vincom Plazas, adding 171,000 square meters of retail space. This expansion will bring the total to 89 centers across 48 provinces.

Closing the trading session today, VRE edged down by 2.23% to VND21,900, with a matching volume of over 4.8 million shares.

With 117 gainers and 360 losers, the VN-Index drops 12.82 points, or 1.08%, to 1,177.4 points. The session saw over 778.3 million shares worth nearly VND17.5 trillion changing hands, about 10% higher than the previous session in both volume and value. Block deals totaled 105.3 million shares worth VND1.04 trillion.

MBB was the most actively traded stock on the southern exchange, with nearly 32 million shares matched.

Meanwhile, the HNX-Index of the Hanoi Stock Exchange shed 2.67 points, or 1.19%, to close at 222.63 points.

The northern market saw 58 advancers and 109 decliners, with a total trading volume of 68 million shares worth over VND1.2 trillion.

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