Information disclosure on the termination of State onwership representative at VietinBank

03/07/2021
On 2/7/2021, Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) received Decision No.1156/QD-NHNN of the State Bank of Vietnam on the termination of 40% State ownership’s representative at VietinBank of Mr. Le Duc Tho, Chairman of the Board of Directors of VietinBank to implement new task as assigned by the Politburo in Decision No. 156-QDNS/TW dated 25/6/2021. This Decision takes effect from 3/7/2021.
Pursuant to Point d, Clause 1, Article 35 of the Law on Credit Institutions No. 47/2010/QH12 dated 16/6/2010 and Law No. 17/2017/QH14 dated 20/11/2017 amending and supplementing a number of articles of Law on Credit Institutions No. 47/2010/QH12 and Point d, Clause 1, Article 45, Charter of VietinBank, Mr. Le Duc Tho is no longer a member of VietinBank's Board of Directors from 3/7/2021.
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