many of you are aware, 2015 has been a difficult time for our trading in Vietnam, despite the best efforts of all involved.
We recently announced that following Kukkong’s retirement, reporting lines for Vietnam will move to Davis Ong.
We still have long-term ambitions to grow our business in this dynamic market. However, at this stage it is not clear that the current organizational set up in Vietnam and current strategy will enable us to do that in the short term.
Therefore, with immediate effect we will close the Hanoi office but retain our office in Ho Chi Minh City. We will continue to support all Vietnamese customers from the Ho Chi Minh office run by Huynh Nhat An.
As a result of the office closures and review of our strategy, both Thuy Pham and Nguyen Thi Hong Son have decided to pursue their careers outside of the ROCKWOOL group. We would like to wish them the very best in their future careers.