Vietcombank gets new chairman
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Vietnam’s biggest state-owned lender, Vietcombank, has named Pham Quang Dung as its new chairman until 2023.
Dung, 48, has been its CEO and a member of the board since 2014.
Nguyen Thanh Tung, deputy director, temporarily takes over as CEO until a new person is appointed.
Dung has 27 years’ experience in the financial and banking industry.
He joined Vietcombank in 1994, and has served in various positions including deputy director of a financial division in Hong Kong and deputy director of the bank.
The previous chairman of the bank, Nghiem Xuan Thanh, was appointed the Secretary of the Party Committee of Hau Giang Province in early July.
Vietcombank is 74.8 percent owned by the government, 15 percent by Japan’s Mizuho Corporate Bank and the rest by other shareholders.
Questions & Answers
Q.How long is Pham Quang Dung expected to serve as the new chairman of Vietcombank?
How long is Pham Quang Dung expected to serve as the new chairman of Vietcombank?
Pham Quang Dung has been named as Vietcombank's new chairman, and his term is expected to last until 2023. He has extensive experience within the bank, having been CEO and a board member since 2014.
Q.What is the ownership structure of Vietcombank?
What is the ownership structure of Vietcombank?
The Vietnamese government holds a 74.8 percent stake in Vietcombank. Japan’s Mizuho Corporate Bank owns 15 percent, with the remaining shares distributed among other shareholders. This makes it a state-owned lender.
Q.Who is currently fulfilling the role of CEO at Vietcombank?
Who is currently fulfilling the role of CEO at Vietcombank?
Nguyen Thanh Tung, who was previously the deputy director, has temporarily taken over as CEO of Vietcombank. He will serve in this role until a permanent new person is officially appointed to the position.
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