Is the Vice Chairman of SCEX crypto exchange the son of Nguyen Duc Thuy?”
Nguyen Duc Thuy’s son is the Vice President of the SCEX cryptocurrency exchange.Sacom Cryptocurrency Exchange Joint Stock Company (SCEX) has just announced its new Board of Directors, with Mr. Nguyen Duy Khoa as Chairman. Notably, the new Board of Directors also includes Mr. Nguyen Xuan Thai (son of Mr. Nguyen Duc Thuy) as Vice Chairman.
The remaining members of the Board of Directors include Mr. Doan Trung Kien, Ms. Nguyen Minh Huong, Mr. Nguyen Ba Phuoc, and Mr. Huynh Thi Hai.
Mr. Nguyen Duy Khoa is an expert with many years of experience in the finance and securities field. He has held senior management positions at many large organizations such as ACBS, SSI, VNDirect, Red Capital, and LPBS.
Meanwhile, Mr. Nguyen Xuan Thai is the son of Nguyen Duc Thuy, the Permanent Vice Chairman of the Board of Directors of Sacombank. He graduated with a Bachelor of Economics degree from the University of Massachusetts Boston between 2022 and 2026.
Mr. Nguyen Xuan Thai – son of Mr. Nguyen Duc Thuy. Photo
From July 2025 to the present, Mr. Thai has served as a Board Member at Phu Dong Sports Investment Joint Stock Company – the parent company of Ninh Binh Football Club, a team currently competing in V.League 1.
According to information from LPBank Securities Company (LPBS), Mr. Thai is the second child in Mr. Thuy’s family. With his experience in management at businesses within the Thaigroup ecosystem and his expertise in the finance and securities sector through LPBS, Mr. Thai is expected to contribute to SCEX’s growth strategy, expansion of cooperation, and development of new business areas in the coming period.
SCEX, formerly known as Loc Phat Vietnam Cryptocurrency Exchange Joint Stock Company (LPEX), was established on September 30, 2025, and is headquartered in Hanoi. The company started with a charter capital of VND 6.8 billion contributed by three founding shareholders: Mr. Duong Van Quyet, Ms. Nguyen Thi Bich Ngoc, and Mr. Vu Phat Dat. By February of this year, the company had increased its charter capital to VND 360 billion .
The company’s ecosystem is directly supported by LPBank, LPBS, and Sacombank.
Previously, in March 2026, SCEX became one of the businesses with complete and valid dossiers being considered by the Ministry of Finance in the pilot program for the cryptocurrency market in Vietnam, a step considered significant in the process of forming a legal framework for the digital asset sector in the country.（Vietnam Crypto Exchange）