Former Techcombank exec appointed CEO of technology major One Mount Group
Phung Quang Hung, former deputy CEO of Techcombank, has been appointed CEO of One Mount Group, a technology ecosystem in Vietnam.
Phung Quang Hung, newly-appointed CEO of One Mount Group. Photo courtesy of Techcombank.
One Mount Group on Friday announced the leadership rotation in an ecosystem that includes Techcombank, Masterise Group, and One Mount Group.
Hung replaced Nguyen Thi Diu who will assume the role of vice chairwoman of the board of directors at three enterprises, namely One Mount Group, Techcom Securities (TCBS), and Masterise Group.
Hung was born in 1974. He graduated from the Hanoi University of Science and Technology in 1995 with a bachelor's degree in information technology and an MBA in international economics from the Washington State University in 2001. He used to work at ABN AMRO Vietnam and National Australia London.
The new CEO of One Mount Group joined Techcombank in September 2010. In March 2020, he was appointed the bank's permanent deputy CEO.
One Mount Group, with a charter capital of more than VND5,400 billion ($205.95 million), is a legal entity established by some corporate heavyweights including Techcombank and Vingroup. In early 2022, Vingroup entirely divested from this company.
On its website, the company claims it is Vietnam’s largest technological ecosystem that creates solutions along the entire value chain, starting with retail, distribution, real estate, and financial services.
The group currently has three main pillars: One Mount Distribution - a retail platform connecting grocery stores with customers; One Mount Consumer - an e-wallet; and OneHousing - an online real estate buying and selling platform.
One Mount Group is a major shareholder of MobiFone Digital Payment Joint Stock Company, with a 38% stake. In addition, it has committed to investing $200-500 million to build a blockchain network infrastructure for Vietnam. This is a distributed database system, storing information in the form of blocks linked together by encryption, forming a continuous chain.
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