Vietnam’s Eximbank elects third chairperson in three years
Ho Chi Minh City-based Eximbank has elected Nguyen Canh Anh as its chairman for the 2020-2025 term, its third leader since early 2022, as the private lender tries to settle its leadership structure.
The appointment was announced after the bank’s 2024 AGM on Friday.

Nguyen Canh Anh, newly-elected chairman of Eximbank. Photo courtesy of the bank.
Anh, 45, was elected to the bank’s board of directors in September last year and had worked for Techcombank, military-run telco Viettel, private conglomerate Vingroup, EVN Finance, and most recently Amya Holdings.
Before Anh, the bank had two female chairs, namely Luong Thi Cam Tu and Do Ha Phuong, who are both now vice chairs. Tu and Phuong, Anh’s immediate predecessors, represent several groups of stakeholders.
Shareholders also elected Nguyen Ho Nam, former chairman of Bamboo Capital, a multi-industry company with a focus on renewable energy development, as a board member and vice chair.
As such, Eximbank has four chairpersons that also include Tran Tan Loc. Other board members are Pham Quang Dung and Tran Anh Thang.
Per its business targets for 2024 approved by shareholders, the bank is set to earn a pre-tax profit of VND5.18 trillion ($204.38 million), up 90.4% from 2023.
The bank’s total assets are projected to increase 11% year-on-year to VND223.5 trillion ($8.82 billion). It also aims to grow total outstanding loans by 14.6% to VND161 trillion and deposits by 10.5% to VND175 trillion.
Bad debt is set to be curbed at 1.8% of total lending, down from 2.71% in 2023.
Japanese financial giant Sumitomo Mitsui Banking Corporation (SMBC) in March 2022 announced its exit from Eximbank and completed its entire divestment one year after, terminating 15 years of strategic alliance.
SMBC then bought a 15% stake in Hanoi-based private lender VPBank in 2023 for $1.5 billion.
Shares in Eximbank, listed on the Ho Chi Minh Stock Exchange as EIB, closed at VND17,950 ($0.71) on Friday.
- Read More
AI to reshape Malaysia’s economic landscape: expert
Artificial intelligence (AI) is set to significantly reshape Malaysia’s economic landscape, presenting not only challenges but also groundbreaking opportunities for growth, job creation, and innovation, according to an expert.
Southeast Asia - Sun, April 27, 2025 | 5:35 pm GMT+7
Vietnam's retail giant Mobile World to keep growing even if market stagnates: chairman
Mobile World Investment Corporation (MWG), a leading retailer in Vietnam, will continue to grow even if the market stagnates or retreats, said chairman Nguyen Duc Tai.
Companies - Sun, April 27, 2025 | 5:24 pm GMT+7
Japanese PM Ishiba arrives in Hanoi, beginning three-day visit
Japanese Prime Minister Ishiba Shigeru and his spouse, together with a high-level Japanese delegation, arrived in Vietnam on Sunday for a three-day official visit from April 27 to 29.
Southeast Asia - Sun, April 27, 2025 | 3:58 pm GMT+7
Thailand plans to inject $15 bln into economy
Thailand's Ministry of Finance aims to inject over THB500 billion ($15 billion) into the economy to boost the country's GDP growth by over 1.8%, focusing on stimulating consumption, investment, and providing soft loans.
Southeast Asia - Sun, April 27, 2025 | 1:54 pm GMT+7
New southern Vietnam plant to bring 'sustainable, long-term benefits' to Nam Kim Steel: chairman
Vietnamese steel major Nam Kim's 1 million-ton Phu My plant in the southern province of Ba Ria-Vung Tau is expected to create sustainable and long-term benefits for the company, said CEO Vo Hoang Vu.
Companies - Sun, April 27, 2025 | 1:42 pm GMT+7
Techcombank eyes market cap of $20 bln by end-2025: chairman
Techcombank, one of Vietnam’s major private lenders, aims to expand its market capitalization to $20 billion by the end of 2025, said chairman Ho Hung Anh.
Banking - Sun, April 27, 2025 | 10:40 am GMT+7
Vietnam’s private lender Sacombank to trim payroll, acquire securities broker
Sacombank, a mid-sized private lender in Vietnam, plans to downsize its headcount in 2025-2026 as part of its push toward digital transactions.
Banking - Sun, April 27, 2025 | 10:18 am GMT+7
Vietnam property giant Nam Long eyes 35% profit hike for 2025 on strong housing demand
Nam Long Investment Corporation, a major real estate developer in southern Vietnam, aims to achieve a net profit of VND701 billion ($27 million) in 2025, up 35% year-on-year, driven by strong local housing demand.
Companies - Sun, April 27, 2025 | 8:17 am GMT+7
SK may adjust ownership at Vietnam-based pharmacy major Imexpharm
South Korean chaebol SK Group may adjust its stake at Vietnam-based pharmaceutical company Imexpharm as part of a comprehensive portfolio review across the group, including all of SK’s global assets.
Companies - Sat, April 26, 2025 | 7:00 pm GMT+7
Vietnam's PVOIL owns 423 petrol stations with EV chargers following partnership with VinFast
PVOIL, a subsidiary of state-owned giant Petrovietnam, had 423 petrol stations with electric vehicle (EV) chargers nationwide as of March 2025, through its partnership with EV maker VinFast.
Companies - Sat, April 26, 2025 | 2:53 pm GMT+7
Indonesia expects 5% economic growth despite IMF forecast revision
Indonesian Finance Minister Sri Mulyani Indrawati has expressed confidence that the country’s economy will grow by up to 5% in 2025, despite the International Monetary Fund (IMF) having revised down the national growth forecast to 4.7%.
Southeast Asia - Sat, April 26, 2025 | 10:58 am GMT+7
Vietnam's dairy giant Vinamilk to be safe and sound amid US tariff storm: CEO
Vietnam’s largest dairy maker Vinamilk will not be significantly affected by U.S. reciprocal tariffs and global trade competition as its largest share lies in the domestic market, said CEO Mai Kieu Lien.
Companies - Sat, April 26, 2025 | 10:51 am GMT+7
Vietnam's EV startup VinFast posts 192% surge in 2024 deliveries, eyes double figure in 2025
Vietnamese electric vehicle (EV) manufacturer VinFast recorded robust revenue growth in its unaudited Q4 and 2024 financial statements, driven by strong vehicle deliveries despite global market uncertainties.
Companies - Sat, April 26, 2025 | 8:28 am GMT+7
Vietnam’s first rice husk-fueled biomass power plant inaugurated
A biomass power plant using rice husk and woodchips as fuel was inaugurated on Friday in Vietnam's Mekong Delta province of Hau Giang.
Southeast Asia - Fri, April 25, 2025 | 11:13 pm GMT+7
Bestway International launches $300 mln plant in southern Vietnam
Chinese group Bestway International has launched a $300 million investment project in Vietnam's southern city of Can Tho, signaling a significant boost in large-scale foreign investment for the Mekong Delta region.
Southeast Asia - Fri, April 25, 2025 | 11:10 pm GMT+7
Indonesia accelerates tariff talks with US
Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto has met with U.S. Secretary of the Treasury Scott Bessent to promote tariff talks with the U.S.
Southeast Asia - Fri, April 25, 2025 | 11:06 pm GMT+7
- Consulting
-
Rethinking resilience: How typhoon Yagi redefines supply chain strategies in northern Vietnam
-
Remove roadblocks to lure foreign investment into Vietnam: HSBC exec
-
AI can be a game changer for Vietnam tourism
-
In trade and investment, ASEAN and China are better together
-
Investment opportunities in LNG-to-power projects in Vietnam
-
Pepper prices 2024: will the dream of 'black gold' repeat?