Vietcombank chairman appointed State Bank of Vietnam deputy governor

Pham Quang Dung, board chairman of state-controlled Vietcombank, has been appointed Deputy Governor of Vietnam's central bank (SBV) per a prime ministerial decision, starting from January 1, 2024.

Dung, 50, has a master's degree in banking and finance from the UK's University of Birmingham, and has nearly 30 years working in the field of banking and finance.

Starting his career at Vietcombank in 1994, Dung has held many positions such as deputy chief of Vietcombank Office; deputy director of Vietnam Finance Company (VFC) in Hong Kong - the bank's wholly-owned subsidiary; head of correspondent banking relations; deputy general director; and board member cum deputy general director.

Dung was a board member cum general director of Vietcombank since November 2014. Nearly seven years later, in August 2021, he became chairman of the bank.

This is not the first time a leader of a state-owned bank has been appointed SBV deputy governor. Pham Thanh Ha, another SBV Deputy Governor, used to be a deputy general director of Vietcombank and then director of the SBV's monetary policy department.

In the middle of this year, former Deputy Governor Nguyen Kim Anh, born in 1962, retired.

The central bank is currently headed by Nguyen Thi Hong, with five deputy governors namely Dao Minh Tu, Doan Thai Son, Pham Tien Dung, Pham Thanh Ha, and Pham Quang Dung.