State-owned Vietcombank has appointed Le Quang Vinh as its new CEO after the post was unoccupied for seven months.
The decision took effect during an extraordinary shareholders’ meeting Friday when Vinh was elected to the bank’s board of directors.
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Vietcombank CEO Le Quang Vinh. Photo courtesy of the bank |
The CEO chair has been empty since July last year after the bank’s CEO at the time, Nguyen Thanh Tung, was promoted to chairman.
Vinh, 49, earned his master’s degree in finance from the University of New South Wales, Australia.
He joined Vietcombank in 1999, starting in the investment appraisal and securities department.
Throughout his career at the bank, he has served in various roles, including deputy head of project investment, deputy head of retail banking policies and products, and director of Vietcombank Leasing Company.
Vinh was appointed deputy CEO in late 2017 and has been leading Vietcombank’s executive committee since July.
During the Friday shareholders’ meeting, Vinh was also elected to serve on the board of directors for the remainder of the 2023–2028 term.
The bank announced the resignation of board member Nguyen My, who retired in November 2024, reducing the board to nine members.
Vietcombank currently owns assets worth VND2 quadrillion.
The bank recently announced a rights issuance plan to pump up charter capital by 49% to VND83.58 trillion.
On the stock market, Vietcombank remains Vietnam’s largest listed company, with a market capitalization of VND531 trillion, nearly one-tenth of the total market value on the Ho Chi Minh City Stock Exchange.
