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HANOI, Could 21(Reuters) – Vietnam has fired normal director of its principal Ho Chi Minh Inventory Change (HoSE), the federal government stated on Saturday, because the nation intensifies a long-running crackdown on officers it accuses of graft.
Le Hai Tra, 47, was dismissed for “having dedicated severe violations and wrongdoings”, the federal government stated in an announcement, with out elaborating. He was additionally expelled from the Communist Social gathering of Vietnam.
Tra, who holds a double grasp’s diploma in Finance and Administration from Harvard’s Kennedy College of Authorities, didn’t instantly reply to requests for remark.
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Vietnamese authorities in March referred to as for the anti-corruption drive to be stepped up within the Southeast Asian nation, with a deal with monetary markets.
A sequence of high-profile company arrests on accusations of market manipulation triggered a $40 billion wipeout for Vietnamese shares and rattled investor confidence within the fast-growing financial system.
Tra will probably be changed by Tran Anh Dao, the deputy chief of HoSE, the federal government stated.
Vietnam on Friday fired the chairman of its State Securities Fee, Tran Van Dung, over the identical accusations as Tra’s.
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Reporting by Phuong Nguyen; Modifying by William Mallard
Our Requirements: The Thomson Reuters Belief Rules.
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