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.
- Related News
- Read More
Tai Tam expands energy portfolio with $70 mln wind power project in central Vietnam
A nearly VND1.85 trillion ($70.26 million) wind power project in Gia Lai province marks a new step in Tai Tam Group JSC’s strategy to expand its renewable energy ecosystem.
Energy - Fri, May 22, 2026 | 11:38 am GMT+7
Vietnam's wealth management market offers hundreds of billions of US dollars in growth potential
As Vietnam’s middle class expands rapidly and demand for wealth accumulation rises, the country’s wealth management market is entering a strong growth phase, with potential to reach hundreds of billions of U.S. dollars in the coming years.
Finance - Fri, May 22, 2026 | 10:47 am GMT+7
Winner Medical starts building $61 mln medical supplies plant in northern Vietnam
Nature Health Development International Co. Ltd, a Hong Kong-based subsidiary of China's Winner Medical, has broken ground on a medical supplies manufacturing plant worth over VND1.5 trillion ($60.5 million) in Vietnam’s northern province of Quang Ninh.
Investing - Fri, May 22, 2026 | 7:48 am GMT+7
Dragon Capital Vietnam veteran Tran Thanh Tan steps down as vice chairman
Dragon Capital Vietfund Management (DCVFM), a subsidiary of Vietnam-focused asset manager Dragon Capital Group, has approved the resignation of Tran Thanh Tan from his position as vice chairman, marking a major leadership transition at one of Vietnam’s oldest foreign fund management firms.
Finance - Thu, May 21, 2026 | 5:09 pm GMT+7
M&A set to drive Vietnam’s hospitality market in 2026
Analysts expect mergers and acquisitions (M&A) to accelerate sharply in Vietnam’s hotel and resort sector in 2026, particularly in the four-star and five-star segments in Hanoi and Ho Chi Minh City, as tourism recovery strengthens and investors hunt for premium assets.
Real Estate - Thu, May 21, 2026 | 4:01 pm GMT+7
Vietnam’s convenience store boom shifts beyond major cities as chains race for scale
Vietnam’s convenience store and mini-supermarket sector is expected to post another year of rapid expansion in 2026, driven by aggressive store openings from leading retail chains and a strategic push into smaller cities and rural areas, according to market research firm Q&Me.
Companies - Thu, May 21, 2026 | 3:26 pm GMT+7
Phat Dat seeks shareholder approval for Thu Thiem Eco Smart City investment
Phat Dat Real Estate Development Corporation (HoSE: PDR) is seeking to become a strategic investor in the Thu Thiem Eco Smart City project developed by South Korean-backed Lotte Properties HCMC in Ho Chi Minh City.
Real Estate - Thu, May 21, 2026 | 1:38 pm GMT+7
The end of the ‘cash cow’ era: Central Vietnam condotels give way to luxury apartments
After a boom period fueled by attractive profit commitments, the condotel segment in Vietnam’s central city of Danang has entered a prolonged downturn, while the high-end apartment segment is rapidly gaining momentum as the new focal point of the coastal urban real estate market.
Real Estate - Thu, May 21, 2026 | 11:35 am GMT+7
Marubeni becomes shareholder of Amata subsidiary in northern Vietnam
Marubeni Corporation has completed procedures to acquire a 20% stake in Amata Ha Long, a subsidiary of Thailand’s Amata Corporation, the companies said during a meeting with Quang Ninh authorities on Tuesday.
Companies - Thu, May 21, 2026 | 10:07 am GMT+7
Systemic liquidity pressure: Interest rates in Vietnam unlikely to fall further
Rising liquidity pressures are making it increasingly difficult for Vietnam’s deposit interest rates to decline further in 2026, with many commercial banks maintaining rates for 6-12 month deposits at around 6.5-7.8% per year.
Banking - Thu, May 21, 2026 | 8:00 am GMT+7
Danang airport starts $57 mln terminal expansion
Vietnam's central city of Danang has started construction on a nearly VND1.5 trillion ($56.88 million) expansion project for the international passenger terminal (T2) at Danang International Airport, as the city seeks to ease congestion and strengthen its position as a regional tourism hub.
Infrastructure - Wed, May 20, 2026 | 9:23 pm GMT+7
Petrovietnam names Le Manh Cuong as CEO
State-owned giant Petrovietnam has appointed Le Manh Cuong as CEO, elevating a longtime industry executive with more than three decades of experience across Vietnam’s offshore energy and oil-services sector.
Companies - Wed, May 20, 2026 | 4:49 pm GMT+7
Nvidia expands Vietnam hiring as Foxconn emerges as potential high-end GPU manufacturing partner
Nvidia is ramping up recruitment in Vietnam for manufacturing and operations roles tied to high-end graphics processing units, in a sign the U.S. chipmaker may be preparing to assemble advanced AI server hardware in the country as part of a broader supply chain shift.
Companies - Wed, May 20, 2026 | 3:40 pm GMT+7
Vietnam defense ministry to take over My Dinh national sports complex
The management of My Dinh National Sports Complex in Hanoi will be transferred to the Ministry of National Defense, as authorities move to address long-standing operational and financial problems at the country’s largest sports venue.
Real Estate - Wed, May 20, 2026 | 3:27 pm GMT+7
Bluemarq Group: Why profits are rising but shareholders’ earnings keep shrinking
Bluemarq Group, formerly known as Dat Xanh Group, posted a strong rebound in first-quarter earnings as its real estate brokerage business accelerated sharply.
Companies - Wed, May 20, 2026 | 3:12 pm GMT+7
USD/VND exchange rate remains elevated
The USD/VND exchange rate remains under pressure as the State Bank of Vietnam on Wednesday raised the daily reference exchange rate to VND25,135 per U.S. dollar.
Banking - Wed, May 20, 2026 | 1:07 pm GMT+7
