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Top Securities Regulator Fired Amid Widening Vietnam Probe

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Vietnam’s finance ministry fired its State Securities Commission Chairman according to a posting on the ministry’s website, making him the highest-ranking casualty amid an ongoing investigation into stock trading.

Tran Van Dung was sacked for committing “serious wrongdoings,” the posting said. Deputy Finance Minister Nguyen Duc Chi will temporarily take charge of the commission from May 19, it said. The move comes two days after Ho Chi Minh City Stock Exchange’s General Director Le Hai Tra was dismissed from the Communist Party.