3 bosses at a company with a capitalization of nearly 9 billion USD have resigned together.

Out of a total of 9 subsidiaries and affiliates, Viettel Global has 7 companies holding the No. 1 position in market share in foreign markets - Photo: VGI

Viettel Global Investment Joint Stock Corporation (VGI) has just announced that it has received resignation letters from three leaders.

The list of resignations includes two members of the board of directors, Mr. Phung Van Cuong and Mr. Le Xuan Hung, and the remaining one is Mr. Le Quang Tiep - head of the board of supervisors.

In the attached resignation letter, all three leaders said they would like to withdraw from VGI because they were nominated for new assignments.

Regarding personnel movements at this enterprise, in February 2025, Viettel Global appointed Ms. Nguyen Thi Hoa as the new general director. She is also the first female CEO of this enterprise since its establishment.

Meanwhile, Mr. Phung Van Cuong - former general director of Viettel Global - was assigned to take on the position of general director of Viettel Post Joint Stock Corporation (Viettel Post).

Viettel Global is a subsidiary of the Military Industry - Telecommunications Group - Viettel. This subsidiary has 5,912 employees at the end of March 2025.

This company listed its shares on the UpCOM exchange with the code VGI since 2018. The market price of each VGI share is up to 72,400 VND.

Currently, VGI's capitalization is among the highest on this floor, with 223,415 billion VND, equivalent to nearly 8.7 billion USD.

Regarding consolidated business performance, VGI achieved net revenue of VND9,656 billion in the first quarter of 2025, up 22% over the same period last year. In addition, the company recorded other income of VND203 billion, more than 3.5 times higher than the same period.

However, VGI's financial revenue dropped sharply, to only VND570 billion, a decrease of 63%. Meanwhile, financial expenses increased sharply from VND783 billion in the first quarter of last year to VND1,782 billion in the first quarter of this year.

VGI's pre-tax profit in the first quarter of 2025 reached VND 1,310 billion, down 47% over the same period last year.

According to VGI leaders, the main reason is that profits from financial activities (mainly exchange rate differences at the end of the period) have decreased sharply. Meanwhile, profits from business activities still grew impressively.

BINH KHANH

Source: https://tuoitre.vn/3-sep-tai-doanh-nghiep-von-hoa-gan-9-ti-usd-cung-xin-tu-nhiem-20250516142939537.htm