Former Techcombank CEO makes swift exit from tech giant VNG

By Tri Duc
Fri, March 24, 2023 | 11:39 pm GMT+7

Former CEO of Techcombank Nguyen Le Quoc Anh has resigned from VNG Corporation's board of directors due to "personal reasons" after just three months in the position, the tech firm announced on Thursday.

 Nguyen Le Quoc Anh. Photo courtesy of VietTimes magazine.

Nguyen Le Quoc Anh. Photo courtesy of VietTimes magazine.

Anh joined VNG as an independent board member in December 2022, shortly before the firm's debut on the unlisted public company market (UPCoM) on January 5, 2023.

He was head of strategies and development at Techcombank from May 2015 and was appointed deputy general director from January 2016. Anh became the private lender's general director in September 2016. He left the bank in September 2020 due to "personal reasons".

VNG, a leading technology services provider in Vietnam, had a shuffling in January as the firm named Vo Sy Nhan as its new chairman, replacing Le Hong Minh. Nhan has been a VNG board member since the firm's extraordinary general meeting of shareholders at the end of last year, for the term 2022 - 2025. Meanwhile, Minh, the founder of VNG, remains a general director of VNG.

VNG Corporation reported a loss of more than VND1.32 trillion ($56 million) in 2022, a record since its business indices went public for the first time and breaking its loss target of VND993 billion ($42.35 million). Its net revenue reached VND7.8 trillion ($332.63 million), up 2% year-on-year, according to the company's consolidated financial statement last year.

VNZ shares closed the Friday trading session at VND865,000 ($36.77).

Comments (0)
  • Read More
‘Vegetarian-fed pork’ brand owner BAF posts record quarterly profit

‘Vegetarian-fed pork’ brand owner BAF posts record quarterly profit

BAF Vietnam Agriculture JSC, known for its “vegetarian-fed pork” brand, reported a record net profit of VND206 billion ($7.82 million) in the first quarter of 2026, marking its highest quarterly earnings on record.

Companies - Tue, May 5, 2026 | 8:17 am GMT+7

Petrovietnam shipyard arm's pre-tax profit surges over 10-fold

Petrovietnam shipyard arm's pre-tax profit surges over 10-fold

Petrovietnam Marine Shipyard JSC (PV Shipyard), a subsidiary of state-owned giant Petrovietnam, reported a strong first quarter of 2026, with revenue rising sharply and pre-tax profit increasing more than 10-fold year-on-year.

Companies - Mon, May 4, 2026 | 3:49 pm GMT+7

Petrovietnam, Samsung Heavy Industries sign cooperation deal

Petrovietnam, Samsung Heavy Industries sign cooperation deal

Petrovietnam and Samsung Heavy Industries have signed an MoU to establish a cooperation framework in shipbuilding, energy industry, and related sectors.

Companies - Mon, May 4, 2026 | 2:11 pm GMT+7

Imprisoned entrepreneur, spouse hold over 6.3% stake in Vietnam private lender ACB

Imprisoned entrepreneur, spouse hold over 6.3% stake in Vietnam private lender ACB

The combined stake held by imprisoned businessman Nguyen Duc Kien and his spouse in the Asia Commercial Bank (ACB) is valued at nearly VND7.62 trillion ($289.23 million), based on the ACB market price of VND23,500 ($0.89) per share last Wednesday.

Banking - Mon, May 4, 2026 | 1:10 pm GMT+7

Vietnam manufacturing purchasing managers' index drops to 7-month low in April

Vietnam manufacturing purchasing managers' index drops to 7-month low in April

Vietnamese manufacturers recorded a drop in new orders in April as inflationary pressures hit 15-year highs amid increased costs for fuel and oil in particular, according to S&P Global.

Economy - Mon, May 4, 2026 | 12:08 pm GMT+7

Vietnam bank profits diverge in Q1, favoring large lenders

Vietnam bank profits diverge in Q1, favoring large lenders

The Vietnamese banking sector’s profits in Q1/2026 showed a clear divergence, with growth seen among large lenders with strong capital and asset quality while smaller banks facing mounting pressure from rising funding costs and credit risks.

Banking - Mon, May 4, 2026 | 10:51 am GMT+7

Gelex invests $304 mln in Gia Binh airport project

Gelex invests $304 mln in Gia Binh airport project

Gelex Group has invested VND8 trillion ($303.54 million) in a company developing the Gia Binh International Airport in northern Vietnam, driving a sharp increase in its investments in associates in the first quarter of 2026.

Companies - Mon, May 4, 2026 | 8:07 am GMT+7

PV Drilling profit accelerates, Brunei bottleneck persists

PV Drilling profit accelerates, Brunei bottleneck persists

Petrovietnam subsidiary PV Drilling reported strong earnings growth in the first quarter of 2026 on the back of a recovery in the oil and gas market, but continued to face profitability challenges in Brunei, a market with sizable assets that has yet to deliver commensurate returns.

Companies - Mon, May 4, 2026 | 8:00 am GMT+7

Vietnam’s auto industry paradox: Fast growth, but localization remains 'near zero'

Vietnam’s auto industry paradox: Fast growth, but localization remains 'near zero'

Vietnam’s automobile market expanded rapidly in 2025, yet localization rates - particularly for passenger cars - remain stubbornly low, highlighting a structural gap in the industry’s development.

Economy - Sun, May 3, 2026 | 3:17 pm GMT+7

China’s retail giant Meiyijia enters Southeast Asia with first stores in Vietnam, Malaysia

China’s retail giant Meiyijia enters Southeast Asia with first stores in Vietnam, Malaysia

China’s largest convenience store chain Meiyijia has made its first move into Southeast Asia with initial outlets in Vietnam and Malaysia under a new brand, signaling intensifying competition in the region’s fast-growing retail market.

Companies - Sun, May 3, 2026 | 8:07 am GMT+7

Vietnam’s e-commerce sales surge 47% to $5.64 bln in Q1

Vietnam’s e-commerce sales surge 47% to $5.64 bln in Q1

Vietnam’s online retail market continued its rapid expansion in the first quarter of 2026 as total gross merchandise value (GMV) across four major platforms, Shopee, TikTok Shop, Lazada, and Tiki, reached about VND148.6 trillion ($5.64 billion), up 47% year-on-year, according to data from analytics firm Metric.

Economy - Sun, May 3, 2026 | 8:00 am GMT+7

Vietnam, Japan agree to target $5 bln annual investment, $60 bln trade by 2030

Vietnam, Japan agree to target $5 bln annual investment, $60 bln trade by 2030

Prime Ministers Le Minh Hung of Vietnam and Takaichi Sanae of Japan have signed six bilateral co-operation documents following summit talks at the Government headquarters.

Economy - Sat, May 2, 2026 | 4:01 pm GMT+7

Vietnam's top dairy producer Vinamilk posts Q1 profit of nearly $93 mln

Vietnam's top dairy producer Vinamilk posts Q1 profit of nearly $93 mln

Vinamilk (HoSE: VNM) reported a net profit of nearly VND2.46 trillion ($93.26 million) in the first quarter of 2026, up 55% from the same period last year, as the dairy producer met about a quarter of its full-year target after three months.

Companies - Sat, May 2, 2026 | 3:26 pm GMT+7

Vietnamese PM hosts welcome ceremony for Japanese counterpart

Vietnamese PM hosts welcome ceremony for Japanese counterpart

Prime Minister Le Minh Hung on Saturday morning hosted an official welcome ceremony for Japanese Prime Minister Takaichi Sanae, who is on a three-day official visit to Vietnam.

Politics - Sat, May 2, 2026 | 12:37 pm GMT+7

PV Oil completes 81% of full-year profit target in Q1

PV Oil completes 81% of full-year profit target in Q1

PV Oil, a subsidiary of state-owned Petrovietnam, reported a sharp surge in first-quarter earnings, achieving 81% of its full-year profit target within the first three months of 2026, driven largely by favorable inventory dynamics.

Companies - Sat, May 2, 2026 | 8:17 am GMT+7

Major players eye Vietnam’s wastewater treatment market

Major players eye Vietnam’s wastewater treatment market

Vietnam’s wastewater treatment sector is entering a transition phase as a growing number of large corporations signal plans to enter or expand investments, driven by rising environmental infrastructure demand and expectations of clearer wastewater pricing mechanisms.

Companies - Sat, May 2, 2026 | 8:00 am GMT+7