Vietnam thermal power firms restructure leadership amid forgery investigations

Major Vietnamese thermal power companies are undergoing significant leadership restructuring following legal investigations into high-ranking executives.

Hai Phong Thermal Power Joint Stock Company (HND) has dismissed Duong Son Ba from his position as General Director. This follows his arrest and detention earlier in 2026 on charges of “forging documents of agencies and organizations.” The company has seen several interim leadership changes since the incident, including assignments to Tran Xuan Truong and Le Anh Tan. Additionally, the company’s Board of Directors has faced turnover following the death of Chairman Ta Cong Hoan.

Similarly, Quang Ninh Thermal Power Joint Stock Company (QTP) reported the dismissal of Deputy General Director and Board Member Le Viet Cuong. Cuong was arrested and detained in February 2026 for the same charge of “forging documents of agencies and organizations.” In response to these vacancies, QTP has appointed new leadership, including Duong Thanh Cong as Deputy General Director in October 2026.