HoSE director expelled from Party in market manipulation probe

Le Hai Tra, general director of the HCMC Stock Exchange (HoSE). Photo courtesy of HoSE

General director of the HCMC Stock Exchange (HoSE), Le Hai Tra, has been expelled from the Party, the latest development after investigations into stock market manipulation began in March.

A Wednesday announcement by the Central Inspection Commission also reported that Tran Van Dung, chairman of the State Securities Commission (SSC), lost all Party positions; Vu Bang, former chairman of the SSC, Nguyen Thanh Long, secretary of the Hanoi Stock Exchange Party Committee and Nguyen Son, chairman of the management board of the Vietnam Securities Depository (VSD), received warnings.

Tra, 48, used to work at the market development department of the SSC. He has spent 25 years working with the Vietnamese stock market.

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