KienlongBank CEO appointed new chairman

Tran Ngoc Minh, vice president and CEO of KienlongBank, has been appointed chairman of its board of directors, replacing Tran Thi Thu Hang from next Tuesday.

Hang will continue to be a board member. Tran Hong Minh, deputy general director, will become acting general director of the Kien Giang province-headquartered private bank.

The bank said that personnel changes made will be submitted to shareholders for approval at an extraordinary meeting held in October 2024.

Minh, 40, holds a master's degree in economics. He has nearly 20 years of experience with several banks and large corporations in Vietnam, holding important positions like vice director of a bank branch, head of appraisal, and director of treasuries.

Minh joined KienlongBank and held the position of deputy general director from the beginning of 2021. He became acting general director in October and was officially appointed in December the same year.

Tran Thi Thu Hang, 39, was formerly general director of Sunshine Group JSC, a position she took up in March 2019. Earlier she’d worked for more than 10 years at Military Bank (MB), LienVietPostBank, and Maritime Bank (MSB).

A KienlongBank statement said that under Hang's leadership, the bank made positive changes in its strategic orientation and built a governance foundation.

This year, the bank aims for total asset value to reach VND90,000 billion ($3.5 billion) and credit to reach VND60,000 billion ($2.3 billion). It expects pre-tax profits of VND800 billion ($31.5 million) this year. It had earned pre-tax profits of VND213 billion ($8.4 million) in the first quarter, or 27% of the year target.

In another personnel shuffle, at major real estate developer Dat Xanh Group, Luong Tri Thin stepped down as chairman on Wednesday. He was replaced by Luong Ngoc Huy, the group’s deputy general director in charge of investment promotion and legal affairs.

Thin becomes chairman of Dat Xanh's strategy council. This newly established council is responsible for building, planning and implementing strategies for the board of directors and the executive board regarding investments, business activities and the group's important policy issues.

He is still a major shareholder and board member of Dat Xanh. Thin is founder of this private group, formerly known as Dat Xanh Real Estate Construction and Services Company Limited and established in 2003.

Currently, Dat Xanh's board of directors has five members: chairman Luong Ngoc Huy, and Luong Tri Thin, Bui Ngoc Duc, Ha Duc Hieu and Nguyen Pham Anh Tai.

This year, Dat Xanh aims to achieve a revenue of VND3,900 billion ($153.44 million) and a net profit of VND226 billion ($8.89 million), up by 5% and 31% from 2023, respectively.

At the company's AGM in April, Thin said Dat Xanh plans to complete legal arrangements for eight large-scale key projects in the coming time. The company can supply 20,000 products to the market in Ho Chi Minh City and neighboring provinces Binh Duong and Dong Nai, he added.