Mr. Le Viet Hai's son temporarily runs Hoa Binh Construction Group.

General Director of Hoa Binh Construction Group Le Van Nam suddenly resigned after more than 2 years in office. Mr. Le Viet Hieu - son of Chairman Le Viet Hai - temporarily ran the group.

Mr. Le Viet Hai (left cover) and his son Le Viet Hieu (second from left) - Photo: BONG MAI

Hoa Binh Construction Group Corporation (HBC) has just announced the dismissal of Mr. Le Van Nam from the position of general director from October 31.

According to the resolution of the Board of Directors of Hoa Binh, Mr. Le Viet Hieu - permanent deputy general director - was assigned to be in charge of managing the operations of Hoa Binh until a decision is made to appoint a new general director.

During this time, Mr. Hieu has full authority to handle work within the scope of authority of the general director.

Previously, Mr. Le Van Nam had submitted a resignation letter from the Board of Directors and the role of General Director according to his personal wishes. Before resigning, Mr. Nam also sold all the shares he held in this contractor.

Mr. Le Viet Hieu was born in 1992, the son of the current Chairman of the Board of Directors of Hoa Binh Construction Group Corporation, Mr. Le Viet Hai. Mr. Hieu graduated with a degree in corporate finance in the US, and worked for two years at a Korean bank before taking on senior positions in his family business.

At Hoa Binh Construction Group, Mr. Hieu held the role of foreign market development director, deputy general director of foreign affairs in the Northern region and member of the Board of Directors.

In July 2020, Mr. Hieu was appointed to the position of General Director, replacing his father, Mr. Le Viet Hai. Two years later (July 2022), Mr. Hieu no longer held this position due to legal regulations (according to the Enterprise Law, for public companies, the General Director cannot be a relative of the Chairman of the Board of Directors - PV), so Mr. Hieu then assumed the role of Permanent Deputy General Director, Vice Chairman of the Board of Directors from August 2022 until now.

Hoa Binh's revenue in the third quarter increased by 15%, profit increased by 138%

In the third quarter of 2025, Hoa Binh Construction recorded net revenue of VND 1,122 billion , an increase of 15% over the same period last year.

Notably, financial revenue increased dramatically by more than 1,100%, reaching nearly VND 230 billion , mainly from late payment interest according to court rulings. Thanks to that, the company's after-tax profit reached VND 188.3 billion , an increase of 138% compared to the third quarter of 2024.

Accumulated in the first 9 months of the year, Hoa Binh earned nearly 2,760 billion VND and had a profit after tax of 240 billion VND.

A representative of Hoa Binh said that the difficulties in the past time mainly stemmed from objective factors - that is, the unavoidable risks from the COVID-19 pandemic seriously affecting Hoa Binh because the group's key areas are tourism and real estate.

Currently, this enterprise is actively implementing a comprehensive restructuring project with key activities including continuing to divest ineffective investments to improve cash flow, negotiating with suppliers and subcontractors on a debt-to-equity swap plan to reduce financial pressure.

CONG TRIEU

Source: https://tuoitre.vn/con-trai-ong-le-viet-hai-tam-dieu-hanh-tap-doan-xay-dung-hoa-binh-20251101192606408.htm