Sabeco officially dismisses Vu Quang HaiOn February 16, 2017, Vu Quang Hai, the son of sacked former Minister of Industry and Trade Vu Huy Hoang, was officially dismissed from his positions at Saigon Beer, Alcohol and Beverage Corporation (Sabeco) as member of the board of directors and deputy general director. Specifically, the attendees have agreed to replace Vu Quang Hai by Nguyen Thanh Nam, current deputy general director of Sabeco. Hai, 29 years old, is the son of Vu Huy Hoang, former Minister of Industry and Trade. After this scandal, Vu Quang Hai has submitted a letter to the Ministry of Industry and Trade, asking for work at Sabeco at any other position. Besides, he holds 1,800 Sabeco shares himself, and his wife and brother hold 7,200 shares.

Source: VietNamNet News February 17, 2017 08:48 UTC