Former Sacombank deputy CEO named Bamboo Airways chairman
Vietnamese private carrier Bamboo Airways on Monday appointed Phan Dinh Tue, former Sacombank deputy CEO, as its chairman for the 2023-2025 term, replacing Le Thai Sam.
Tue joined the airline in June 2023 as a board member and then standing vice chairman.
He has 40 years working in the finance and banking sector and was a deputy CEO of Ho Chi Minh City-based private lender Sacombank from 2012 to June 2013. Currently, he is still a board member at the bank.

Phan Dinh Tue (third, left), new chairman of Bamboo Airways. Photo courtesy of Bamboo Airways.
Bamboo Airways said the appointment is to meet the necessary conditions for development goals in the new period, as well as accelerate the airline's restructuring process.
According to the carrier, in the past time, Tue had directly engaged in operating Bamboo Airways and contributed to helping it achieve a number of important goals in the restructuring roadmap, with many positive changes recorded in its business model, fleet and personnel restructuring, and financial capacity.
Currently, Bamboo Airways’s board of directors consists of five members, namely chairman Phan Dinh Tue, vice chairmen Le Thai Sam and Le Ba Nguyen, and members Nguyen Ngoc Trong and Le Thi Truc Quynh.
Bamboo Airways aims to break even in 2025 and gradually increase operating efficiency in the following years. In the 2026-2028 period, the carrier plans to expand its domestic and international flight networks with 30-50 aircraft.
The carrier last month appointed former executive of Pacific Airlines and Air Mekong Luong Hoai Nam as its new CEO, the third in five months.
The airline has been going through major leadership changes ever since its chairman Trinh Van Quyet was arrested in March 2022 for stock market manipulation and fraud.
Bamboo Airways was established by private conglomerate FLC in late May 2017 with an initial charter capital of VND700 billion ($29.6 million). It launched its first commercial flights in January 2019.
In the first nine months of 2023, the airline reported 2,470 delayed flights, accounting for 7.6% of its total, maintaining its position as the country's most punctual airline during the period. It also stood out with a low cancelation rate, only 0.2% of the total.
Late last year, Bamboo Airways suspended a series of domestic and international routes in an effort to stay afloat amid major restructuring.
- Read More
Vietnam offers numerous advantages for Skoda Auto's investment: executive
Vietnam offers a range of advantages for investment by Czech automaker Skoda Auto, including its seaport system, logistics infrastructure, and skilled labor, the company’s chairman and CEO Klaus Zellmer said on Thursday.
Industries - Fri, March 28, 2025 | 7:33 pm GMT+7
Vietnam plans to cut import tax for LNG to 2%
Vietnam’s Ministry of Finance is drafting a decree on preferential import tax for some products, including a proposal of 2% tax rate for LNG.
Energy - Fri, March 28, 2025 | 4:31 pm GMT+7
AES’s $2.1 bln LNG power project needs solutions to meet deadline: Vietnam authorities
The 2,250-MW Son My 2 LNG-fired power project, invested by the U.S.'s AES and state-run Petrovietnam subsidiary PV Gas, “needs solutions” to meet its deadline.
Energy - Fri, March 28, 2025 | 4:06 pm GMT+7
Over $9 bln pledged for investment projects in central Vietnam province Binh Dinh
Binh Dinh province on Friday handed over MoUs on investment cooperation, in-principle approvals and investment registration certificates to 62 projects worth over VND231 trillion ($9.03 billion).
Industries - Fri, March 28, 2025 | 4:05 pm GMT+7
Vietnam's giant Vingroup eyes mullti-billion-dollar renewable, LNG power projects
Vietnam's leading private conglomerate Vingroup is seeking the government's permission to develop seven renewable energy projects worth $20-25 billion and a $5.5 billion LNG-fired power project from 2025-2030.
Energy - Fri, March 28, 2025 | 1:09 pm GMT+7
While the buzz around a market upgrade is back, who is this milestone for?
A key issue for the Vietnamese stock market is the underdevelopment of the institutional investor base. The dominance of retail investors can create heightened volatility, which, in turn, reduces the incentive for high-quality companies to list on the stock exchange, writes Gary Harron, head of securities services at HSBC Vietnam.
Consulting - Fri, March 28, 2025 | 10:31 am GMT+7
Vietnam's private lender VIB seeks strategic shareholders: chairman
Vietnam International Bank's (VIB) board of directors is now in discussions with banks and investment funds to find suitable partners for the lender, ensuring a mutually beneficial partnership that goes beyond finance.
Banking - Fri, March 28, 2025 | 8:31 am GMT+7
Vietnam tech giant FPT opens semiconductor R&D center in central Vietnam
Vietnam’s leading tech group FPT on Thursday inaugurated its high-tech and semiconductor R&D center at the Danang Software Park No. 2 in the central city of Danang.
Industries - Fri, March 28, 2025 | 8:00 am GMT+7
HCMC's international financial center development to be phased out: city leader
Ho Chi Minh City aims to become an international financial center, with related development plan divided into three phases, said Vo Van Hoan, its Vice Chairman.
Economy - Thu, March 27, 2025 | 11:11 pm GMT+7
Car producers in Thailand postpone export models
Car manufacturers in Thailand have decided to delay making some models for export due to U.S. President Donald Trump's new tariff policy.
Southeast Asia - Thu, March 27, 2025 | 10:17 pm GMT+7
Indonesia approves $7 bln budget for food security in 2025
Indonesia’s Ministry of Finance on Wednesday announced that the government has approved a budget of IRD118 trillion ($7.1 billion) for food security programs in 2025.
Southeast Asia - Thu, March 27, 2025 | 10:14 pm GMT+7
Honda Vietnam rolls out first domestically produced electric scooter
Honda Vietnam has officially launched its first domestically produced electric scooter, the ICON e:, marking a significant step in the company’s electrification and sustainable mobility strategy in Vietnam.
Southeast Asia - Thu, March 27, 2025 | 10:09 pm GMT+7
Vietnam's Quang Ngai seaport system requires over $420 mln investment by 2030
The seaport system in the central Vietnam province of Quang Ngai will need about VND10.83 trillion ($423.54 million) in investment by 2030, according to the detailed 2021-2030 development plan for local seaport land and water areas, with a vision to 2050.
Southeast Asia - Thu, March 27, 2025 | 10:06 pm GMT+7
Leading steelmaker Hoa Phat targets record revenue on partial operation of central Vietnam plant
Hoa Phat Group, Vietnam’s top steelmaker, targets a record-high revenue in 2025, driven by the expected partial operation of a steel and iron complex in the central region this year.
Companies - Thu, March 27, 2025 | 8:10 pm GMT+7
Offshore wind power developer CIP seeks long-term cooperation with Vietnam
Copenhagen Infrastructure Partners (CIP), a major Danish renewable energy developer, is seeking to reach long-term cooperation with Vietnamese businesses in the offshore wind power sector.
Energy - Thu, March 27, 2025 | 4:16 pm GMT+7
Vietnam giant VinFast moves to expand EV service in Philippines
VinFast, Vietnam’s largest electric vehicle (EV) manufacturer, has partnered with MGA.414 Corporation, the operator of the JIGA automotive service chain, to expand its EV service network in the Philippines.
Southeast Asia - Thu, March 27, 2025 | 3:48 pm GMT+7