Vietcombank names new chairman

Before he was appointed last Friday, the position had been vacant since the beginning of the year after the previous chairman, Pham Quang Dung, was made the deputy governor of the State Bank of Vietnam.

Tung, 50, started working for the bank 27 years ago in 1997. He became the office head of Vietcombank in 2008 and then the deputy director of the bank’s operation center in 2013.

He became the deputy general director of the sales division in April 2019, before becoming deputy general director of the board of management in August 2021. He was named the bank’s general director last January.

He holds Bachelor’s degrees in international trade and English, as well as a Master’s degree in economics from Paris Dauphine University.

On the same day, the lender appointed Le Quang Vinh as its deputy general director in charge of the executive board. He was previously named the deputy general director of Vietcombank at the end of 2017.

Vinh holds a Master’s degree in Economics from the University of New South Wales, Australia, and a Bachelor’s degree in Economics from the National Economics University.

As of the end of 2023, Vietcombank had VND1.84 quadrillion (US$72.8 billion) in total assets, making it one of the largest commercial lenders in Vietnam by asset. It was also the most profitable bank in the industry for that year, raking in VND41.2 trillion in pre-tax profits.