Pham Quang Dung becomes new chairman of Vietcombank

August 31, 2021 | 13:42

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Vietcombank has appointed CEO Pham Quang Dung as its new chairman.

Pham Quang Dung becomes new chairman of Vietcombank

Pham Quang Dung, the new chairman of Vietcombank

After the State Bank of Vietnam’s approval, Vietcombank’s Board of Directors has appointed Pham Quang Dung, member of the Board of Directors cum CEO, as the new chairman of the board.

Previously, at the beginning of July, former chairman Nghiem Xuan Thanh was assigned to be Secretary of Hau Giang Party Committee.

Pham Quang Dung, born in 1973, holds a Master's degree in Banking and Finance from the University of Birmingham (UK).

He started working at Vietcombank in August 1994 and held many positions in the investment and financial guarantee, international relations, and leasing company departments.

With over 27 years of experience in the banking industry, Dung was a member of the Board of Directors cum CEO of Vietcombank since November 2014.

Vietcombank is one of the largest commercial banks in Vietnam. In the first half of 2021, the individual commercial banking arm of Vietcombank (compared to its group scale) is the largest beneficiary, with VND13.57 trillion ($590 million) in pre-tax profit.

Japanese megabank Mizuho Bank is the largest strategic foreign investor holding more than 15 per cent in Vietcombank.

By Tri Lam

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