MB Bank appoints new general director
State-controlled Military Bank (MB Bank) has appointed Pham Nhu Anh its general director from Thursday.
Previously, on April 12, MB Bank's board of directors assigned Anh to be its general director, replacing Luu Trung Thai who was then appointed the bank's new chairman.
Pham Nhu Anh, MB Bank's newly-appointed general director. Photo courtesy of the bank.
Pham Nhu Anh, born in 1980, has a master's degree in business administration from Belgium and a bachelor's degree in economics majoring in business administration from Vietnam's University of Danang.
Anh has nearly 20 years of experience working in the financial and banking industry. At MB Bank, he has held many managerial and professional positions like branch director, division director, and management board member.
In mid April, MB Bank had appointed Luu Trung Thai as its chairman for the remainder of the 2019-2024 term, replacing Le Huu Duc.
Senior Lieutenant General Le Huu Duc resigned on April 12, 2023 as chairman citing personal reasons.
MB Bank reported a pre-tax profit of VND22.73 trillion ($969 million) in 2022, up 37.5% over the previous year and reaching 111.8% of its target.
Its net interest income was VND36.02 trillion ($1.54 billion), up 38% year-on-year, according to the bank's Q4 consolidated financial report.
By December 31, 2022, the bank's total assets had stood at VND728.62 trillion ($31.07 billion), up 20% compared to the end of 2021, mainly due to credit growth of 26.7% to VND460.75 trillion ($19.64 billion).
MB's bad debt ratio at the end of 2022 was 1%. However, group 5 bad debts (debts likely unable to be reclaimed) increased sharply by 180%, accounting for about 50% of the bank's total bad debt.
On the Ho Chi Minh City Stock Exchange, the MBB share price stood at VND18,600 ($0.79) at Thursday's close.
Military-run Viettel Group and the State Capital Investment Corporation are the two biggest shareholders in MB Bank, holding 14.01% and 9.34%, respectively.
Other major shareholders include the Vietnam Helicopter Corporation (7.39%), Saigon Newport One Member Corporation (7.14%), and Vietcombank (4.42%).
- Related News
- Read More
When the Vietnamese stock market 'takes a break'
After two strong correction sessions, the Vietnamese stock market in recent sessions has been in a state of tug-of-war and sideways movement. Some experts argue that such development is necessary for the VN-Index to conquer higher points.
Finance - Thu, September 11, 2025 | 9:35 am GMT+7
Vietnam to break ground on Cat Lai bridge next year to link Long Thanh airport with HCMC
The southern province of Dong Nai plans to start construction of VND18 trillion ($682.5 million) Cat Lai bridge that connects Long Thanh International Airport and Ho Chi Minh City next year, according to Vice Chairman of the provincial People’s Committee Ho Van Ha.
Companies - Thu, September 11, 2025 | 7:55 am GMT+7
Vietnam officially pilots crypto asset market
Starting from Tuesday, Vietnamese enterprises with a charter capital of at least VND10 trillion ($379 million) and meeting certain conditions will be eligible to receive a license to participate in the pilot of a crypto asset market in the country.
Finance - Wed, September 10, 2025 | 9:52 pm GMT+7
Indonesia urges feed industry to stabilize prices to protect farmers
Indonesia’s Ministry of Agriculture has urged animal feed companies to refrain from raising prices amid rising production costs in many key centres, which has the potential to burden poultry farmers, both small and large-scale operations.
Southeast Asia - Wed, September 10, 2025 | 9:25 pm GMT+7
Malaysia consolidates position in semiconductor supply chain
Malaysia can maintain its position as a middle power in the global semiconductor supply chain through the implementation of the National Semiconductor Strategy (NSS), which was launched in May last year, according to Deputy Investment, Trade and Industry Minister Liew Chin Tong.
Southeast Asia - Wed, September 10, 2025 | 9:23 pm GMT+7
Indonesia attracts $18.63 bln investment in special economic zones
Indonesia has drawn a total of $18.63 billion in investment into its special economic zones (SEZs) over the past five years, creating more than 187,000 jobs, according to the Coordinating Ministry for Economic Affairs.
Southeast Asia - Wed, September 10, 2025 | 9:20 pm GMT+7
Vietnam highly evaluated as key shipping hub
Russian logistics companies are expanding rail and sea routes to boost Vietnam-Russia trade, with FESCO Transportation Group playing a central role through its project to develop Ho Chi Minh City port into a Southeast Asian transshipment hub.
Companies - Wed, September 10, 2025 | 9:10 pm GMT+7
Malaysia issues emergency security alert at gas facilities
The Malaysian government has issued an emergency order to tighten security at all liquefied natural gas (LNG) facilities in Bintulu, Sarawak state, following the detection of a serious security threat targeting the sites.
Southeast Asia - Wed, September 10, 2025 | 9:04 pm GMT+7
Agribank’s 37-year journey as Vietnam’s leading bank and national brand excellence
Over three decades of relentless innovation and development, Agribank has become a pivotal pillar of Vietnam's financial and banking sector.
Companies - Wed, September 10, 2025 | 5:53 pm GMT+7
Sun Group wins nod for $2.6 bln urban projects in central Vietnam
Subsidiaries of Vietnam’s leading property developer Sun Group have secured approval to develop two major urban area projects worth nearly VND68 trillion ($2.58 billion) in the central coastal province of Khanh Hoa.
Real Estate - Wed, September 10, 2025 | 4:35 pm GMT+7
PV Gas D - a pioneer in distributing clean gas, creating green energy future
Towards the 35th anniversary of PetroVietnam Gas JSC (PV Gas), PetroVietnam Low Pressure Gas Distribution JSC (PV Gas D) proudly looks back on its journey of development full of courage, responsibility, and breakthroughs.
Companies - Wed, September 10, 2025 | 4:30 pm GMT+7
Dung Quat oil refinery's operator BSR seeks investors on possible stake cut by Petrovietnam
Binh Son Refining and Petrochemical JSC (HoSE: BSR), operator of Vietnam’s Dung Quat Refinery, is in talks with potential investors as state-run Petrovietnam might trim its stake to comply with new listing rules, said executives.
Companies - Wed, September 10, 2025 | 4:19 pm GMT+7
Hyundai Rotem keen on developing high-speed railways in Vietnam
Hyundai Rotem, a mechanical engineering company under Korean chaebol Hyundai Group, has expressed an interest in building high-speed railways in Vietnam.
Investing - Wed, September 10, 2025 | 12:43 pm GMT+7
Vietnam automobile, motorcycle and bicycle association aims to make only electric vehicles by 2035
The Vietnam Automobile, Motorcycle and Bicycle Association (Vamoba) seeks to have all of its members produce at least one electric vehicle (EV) product line by 2027 and by 2035, 100% of their automobiles and motorcycles will be environmentally friendly EVs.
Economy - Wed, September 10, 2025 | 11:16 am GMT+7
From transparent technology to humanitarian values: The story of Vietnam’s first charity platform
Launched in 2021 under the direction of the Ministry of Science and Technology, in coordination with the Vietnam Red Cross Society and other socio-political organizations, a platform named “thiennguyen” (charity) developed by MBBank has paved a new path for community philanthropy in the digital era.
Companies - Wed, September 10, 2025 | 8:41 am GMT+7
Increased foreign capital flows, long-term opportunities for Vietnam's retail-consumer goods industry
Vietnam’s conglomerate Masan Group (HoSE: MSN), with a market capitalization of nearly $4.8 billion, high liquidity, ample foreign ownership room, and a solid business foundation, is expected to be a top pick for foreign investors.
Companies - Wed, September 10, 2025 | 8:00 am GMT+7
- Consulting
-
Vietnam’s breakthrough opportunity against world-wide US tariff wave
-
Trump trade mayhem to steepen yield curve and weaken US dollar
-
Navigating tariff shocks: Vietnam’s path forward through diversification
-
Southeast Asia IPO performance in Jan-June
-
Vietnam's fund management industry has chance to make breakthrough development: exec
-
Vietnam infrastructure spending surges 40%
