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.
Tran Ngoc Minh, new board chairman of KienlongBank. Photo courtesy of the bank.
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.
Luong Tri Thin, former chairman of real estate developer Dat Xanh Group. Photo courtesy of the company.
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.
- Read More
State-managed property trading centers will help curb speculation, price manipulation: expert
Establishment of state-managed real estate trading centers is expected to create a transparent transaction channel, helping control and limit speculation and price manipulation in the Vietnamese market.
Real Estate - Tue, October 21, 2025 | 8:37 am GMT+7
Vietnam's benchmark VN-Index records sharpest drop in 25-year history
VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), saw the sharpest decline in its 25-year history on Monday, down by 94.76 points, or 5.47%, to 1,636.43.
Finance - Mon, October 20, 2025 | 5:49 pm GMT+7
Construction contractor Coteccons sets record FY2026 targets, capital base hike via share issue
Coteccons Construction JSC (HoSE: CTD), one of Vietnam’s largest construction contractors, has set ambitious targets for its fiscal year 2026, driven by a record order backlog and its push into international markets.
Companies - Mon, October 20, 2025 | 4:50 pm GMT+7
Real estate, gold markets to be fully established by 2026: Prime Minister
Vietnam plans to complete comprehensive legal framework for its financial, real estate, and gold markets by 2026 as part of a broader effort to modernize market infrastructure and accelerate economic growth, said Prime Minister Pham Minh Chinh.
Finance - Mon, October 20, 2025 | 3:33 pm GMT+7
Vietnam breaks ground on nation’s most advanced domed stadium in Hung Yen province
Vietnam’s Ministry of Public Security has broken ground on a 60,000-seat domed stadium in the northern province of Hung Yen, set to become the country’s most technologically advanced sports venue.
Society - Mon, October 20, 2025 | 2:48 pm GMT+7
Workforce and logistics - keys to sustainable e-commerce growth in Vietnam: experts
Businesses and online shop owners in Vietnam should pay greater attention to human resources and logistics, considering these factors “keys” to competitive advantage in the increasingly volatile e-commerce market, according to experts.
Economy - Mon, October 20, 2025 | 10:54 am GMT+7
Construction stocks ignite Vietnam’s market rally by year-end
FDI inflows into Vietnam are hitting record highs, while faster public investment disbursement and stable construction material costs are fueling a late-year surge in construction stocks, analysts said.
Finance - Mon, October 20, 2025 | 10:44 am GMT+7
Vietnam's central bank struggles to rein in cross-ownership
Cross-ownership and bank manipulation in Vietnam have eased, yet control remains elusive as shareholders and related parties conceal ownership through nominees, the State Bank of Vietnam (SBV) said in a report to the country’s legislature.
Banking - Mon, October 20, 2025 | 8:34 am GMT+7
Viettel Post-invested $27 mln logistics center project breaks ground in central Vietnam
Viettel Post, a subsidiary of military-run Viettel Group, has broken ground on an over VND722 billion ($27.41 million) logistics center project in Danang city, which is expected to enhance the logistics capacity of Vietnam's central and Central Highlands regions.
Industries - Sun, October 19, 2025 | 7:35 pm GMT+7
Vietnam's stock market regulator introduces green bond disclosure handbook
By enhancing transparency and standardizing disclosures, the Green Bond Disclosure Handbook that the State Securities Commission of Vietnam (SSC) introduced will build investor trust, reduce greenwashing risks, and support the growth of a credible and resilient green finance market in Vietnam.
Finance - Sun, October 19, 2025 | 2:11 pm GMT+7
Central Vietnam province Lam Dong seeks investment for 72 projects
The Lam Dong province People's Committee has called for investment in 72 projects across various sectors which are set for implementation in 2025 and the 2026-2030 period.
Industries - Sun, October 19, 2025 | 1:31 pm GMT+7
Vietnam's leading conglomerate Vingroup ventures into senior living market
Vingroup JSC (HoSE: VIC) has unveiled Vin New Horizon, a network of premium retirement and wellness communities built to international standards, marking the Vietnamese conglomerate’s strategic entry into the senior living market.
Industries - Sun, October 19, 2025 | 12:28 pm GMT+7
Vietnam’s agri major HAGL makes surprise return to property, saying land plot forgotten for 15 years
Vietnam’s agri major Hoang Anh Gia Lai JSC's (HAGL) return to real estate is an accident, after discovering a plot of land the company had “forgotten for 15 years” during its boom years, said chairman Doan Nguyen Duc.
Companies - Sun, October 19, 2025 | 10:02 am GMT+7
REE to set up 2 subsidiaries for wind projects in southern Vietnam
Ho Chi Minh City-based utility firm Refrigeration Electrical Engineering Corporation (HoSE: REE) has decided to establish two wholly-owned subsidiaries to develop two wind power projects in Vinh Long province, expanding its renewable energy portfolio in southern Vietnam.
Energy - Sun, October 19, 2025 | 8:00 am GMT+7
Australian CEO detained, NSH Petro’s recovery hopes collapse
The recovery prospects of NSH Petro (PSH) have dimmed after its Australian CEO was detained on allegations of fraud involving false promises of billion-dollar financing that led to the misappropriation of nearly $4.9 million.
Companies - Sat, October 18, 2025 | 6:53 pm GMT+7
Maintaining market status upgrade a bigger challenge: official
Vietnam's stock market status will be upgraded by FTSE Russell from "frontier" to "secondary emerging" from September 21 next year, but continued reform is critical as the bigger challenge is to maintain the new classification, said a market watchdog official.
Finance - Sat, October 18, 2025 | 1:30 pm GMT+7




















