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HANOI: Vietnam has fired the head of the Ho Chi Minh Stock Exchange, the government said on Saturday, as the country intensifies a long-running crackdown on officials it accuses of graft.
Police in Vietnam arrested the chief executive officer of Tri Viet Securities on suspicion of market manipulation
Do Duc Nam was accused of manipulating the companies’ share prices.
Vietnam is taking action against violations in the stocks, bonds and properties. The crackdown was ordered by Prime Minister Pham Minh Chinh, when arrests were made.
Do Thanh Nhan, chairman of the Louis Holdings conglomerate and Do Duc Nam, general director of brokerage firm Tri Viet Securities were arrested Wednesday for allegedly manipulating the stock market. - VnExpress International