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Head of Ho Chi Minh City Exchange Fired for Work Violations

The Ho Chi Minh City exchange.

The Ho Chi Minh City exchange.

Photographer: Brent Lewin/Bloomberg

Updated on

The Vietnam Stock Exchange fired the head of Ho Chi Minh City’s bourse for “very serious” shortcomings at work, the latest in a string of dismissals in an ongoing investigation into securities violations.

Le Hai Tra was terminated on May 20, the Ho Chi Minh City exchange said in a statement late Friday. Tran Anh Dao, the exchange’s deputy general director, will now be in charge of the bourse’s executive board, it said in a separate statement.