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Vietcombank has new boss
State Bank of Vietnam Governor presented the appointment decision to new Chief Executive of Vietcombank Nguyen Phuoc Thanh on October 31.
State Bank of Vietnam Governor presented the appointment decision to new Chief Executive of Vietcombank Nguyen Phuoc Thanh on October 31.
VietNamNet Bridge – As of November 1, Chief Executive of the Bank for Foreign Trade of Vietnam (Vietcombank) will work for the National Assembly and his successor at the bank is Nguyen Phuoc Thanh, Director of Vietcombank’s HCM City Office.
Thanh’s term will be five years. Currently, there is no information about the new Director of Vietcombank’s HCM City Office.
The former Chief Executive of Vietcombank was elected as the Vice Chairman of the National Assembly’s Economics Committee in late July.
Also on November 1, personnel changes happen at another State commercial bank, the Industrial and Commercial Bank of Vietnam (Incombank). The bank’s Chief Executive Pham Huy Hung will become the Chairman of the Board of Directors while Hung’s assistant, Pham Xuan Lap will replace him as the new Chief Executive.
Both Vietcombank and Incombank are in the process of equitisation. Vietcombank’s selection of strategic partner and IPO (initial public offering) are expected to make great influences to the Vietnamese stock market.
Under the government-approved equitisation plan, Vietcombank’s chartered capital is VND15 trillion or US$937.5 million. In the first phase, the bank will sell up to 20% of its chartered capital to foreign strategic partners, 6.5% for domestic auctions and around 3.5% for its staffs and holders of its convertible bonds
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