Former National Assembly general secretary to join Vinamilk board

By Phuong Dong April 19, 2022 | 06:35 pm PT

Former general secretary of the National Assembly Nguyen Hanh Phuc. Photo by VnExpress/Giang Huy

Nguyen Hanh Phuc, the former general secretary of the National Assembly, has been nominated as an independent director on the board of dairy giant Vinamilk.

He is the only new nominee among the 10 directors this year, and has to receive approval from shareholders at the upcoming annual general meeting.

If approved, he will replace Le Thi Bang Tam, who did not seek reelection.

Phuc, 64, was general secretary of the legislature from January 2016 until his retirement last November.

Earlier he had been chairman of the Office of the National Assembly and the chief of staff of the National Electoral Council.

Vinamilk's board has a maximum of 11 members, with at least three being independent directors.

The total remuneration for the directors is expected to be VND25 billion ($1.09 million) plus other benefits.

The company eyes revenues of VND64 trillion and profits of VND9.77 trillion this year, down 5 percent and 8 percent from 2021.