Le Quang Vinh appointed Vietcombank general director

State-controlled Vietcombank, one of Vietnam's big 4 banks, has appointed Le Quang Vinh as general director, after its extraordinary general meeting of shareholders on Friday elected him to the board of directors.

Vinh will hold the position of board member until 2028. At the same time, the bank dismissed Nguyen My Hao as board member. Hao had submitted a letter to resign and retired in November last year.

The position of Vietcombank general director was vacant since July 2024 after the bank had relieved Nguyen Thanh Tung from the position to elect him as chairman of the board of directors.

The new CEO was born in 1976. His hometown is Hanoi. Vinh has a bachelor's degree in banking and finance from the Hanoi-based National Economics University and a master's degree in finance from Australia's University of New South Wales.

Vinh has about 26 years working for Vietcombank, holding important positions.

From December 2017 to July 2024, he was deputy general director. From July 2024 to March 2025, he was deputy general director in charge of the executive board.

Vietcombank reported a pre-tax profit of VND42.2 trillion ($1.66 billion) last year, ranking as the most profitable Vietnamese lender, according to the Vietnam Banking Association (VNBA). The figure marked a 2.4% increase from 2023, the smallest growth among Vietnamese banks, said the association.

It plans to expand its chartered capital from VND55,891 billion to VND83,557 billion ($3.29 billion) via an issuance of shares to pay dividends, becoming the largest bank in Vietnam by chartered capital.

The bank announced the board of directors' resolution on the move in mid January under a plan approved by its AGM and competent authorities. The issuance is scheduled for this year.

Vietcombank's current asset reaches more than VND2,000 trillion ($78.42 billion).

On the stock market, Vietcombank leads in market capitalization with VND531,000 billion ($20.82 billion), accounting for nearly 9.6% of the figure of the Ho Chi Minh City Stock Exchange (HoSE).

VCB shares of Vietcombank closed Friday at VND95,100 ($3.73) apiece.