Viet Phat Import Export Trading Investment Joint Stock Company faced resignations and penalties

Viet Phat Import Export Trading Investment Joint Stock Company (VPG) recently announced the resignation of two board members and its general director, citing personal reasons. One board member had served for less than three months before resigning. Separately, VPG faced administrative penalties totaling VND 235 million from authorities. The company was fined for disclosing information late, and more significantly, for providing false information in its audited consolidated financial statements for 2023 and its reviewed consolidated financial statements for the first half of 2024 regarding transactions with a related party.

Viet Phat Import Export Trading Investment Joint Stock Company (VPG) recently announced the resignation of two board members and its general director, citing personal reasons. One board member had served for less than three months before resigning. Separately, VPG faced administrative penalties totaling VND 235 million from authorities. The company was fined for disclosing information late, and more significantly, for providing false information in its audited consolidated financial statements for 2023 and its reviewed consolidated financial statements for the first half of 2024 regarding transactions with a related party.

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