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Vietnam sacks head of main stock exchange

An employee counts a customer’s deposit of cash at the branch in the headquarters of Ho Chi Minh City Development Joint Stock Bank, known as HD Bank, in Ho Chi Minh City, Vietnam, on May 17, 2019. (Photo: Bloomberg)

HANOI: Vietnam has fired general director of its main Ho Chi Minh Stock Exchange (HoSE), the government said on Saturday, as the country intensifies a long-running crackdown on officials it accuses of graft.

Le Hai Tra, 47, was dismissed for “having committed serious violations and wrongdoings”, the government said in a statement, without elaborating. He was also expelled from the Communist Party of Vietnam.

Tra, who holds a double master’s degree in Finance and Administration from Harvard’s Kennedy School of…

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