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
Trung Nam Group's solar power arm suffers $37 mln loss amid rising debt pressure
Trung Nam Thuan Nam Solar Power Company Limited, a subsidiary of the multi-sector Trung Nam Group, incurred a net loss of VND969 billion ($36.83 million) in 2025, reversing a profit of VND138.2 billion ($5.35 million) a year earlier, according to its 2025 earnings statement.
Companies - Sat, May 9, 2026 | 3:01 pm GMT+7
French firms eye Vietnam’s North-South high-speed railway project
A delegation of 15 major French companies and industrial groups has expressed interest in participating in Vietnam’s planned North-South high-speed railway project.
Infrastructure - Sat, May 9, 2026 | 2:38 pm GMT+7
Grocery chain Bach Hoa Xanh opens 1st store in Hanoi, takes cautious northern Vietnam expansion approach
Bach Hoa Xanh, a grocery chain operated by Vietnam’s leading retailer Mobile World Investment Corporation (HoSE: MWG), has opened its first store in Hanoi, marking entry into one of the country’s most competitive consumer markets.
Companies - Sat, May 9, 2026 | 8:17 am GMT+7
Intel to continue expanding investment in Vietnam: exec
U.S. chipmaker Intel will continue expanding investment, supporting workforce training, and helping develop Vietnam’s semiconductor ecosystem as the country refines investment support mechanisms to retain large-scale high-tech projects, said its executives.
Industries - Fri, May 8, 2026 | 7:48 pm GMT+7
Vietnam stocks extend rally to fresh record high
Vietnam’s benchmark VN-Index extended gains for a fourth straight session on Thursday, closing at a new all-time high of 1,915.37 points as large-cap banking and property stocks supported the market despite continued foreign selling.
Finance - Fri, May 8, 2026 | 5:49 pm GMT+7
Vingroup’s VinMetal partners with Primetals for green steel complex in central Vietnam
Vingroup’s subsidiary VinMetal has signed a strategic cooperation agreement with global steel giant Primetals Technologies to develop a large-scale integrated steel complex in central Vietnam.
Industries - Fri, May 8, 2026 | 4:25 pm GMT+7
Hanoi pushes Sumitomo, BRG to accelerate $4.2 bln smart city project
Hanoi authorities have asked Japan’s Sumitomo and local conglomerate BRG Group to quicken the progress of the North Hanoi Smart City project as soon as legal procedures are finalized.
Real Estate - Fri, May 8, 2026 | 3:31 pm GMT+7
Moody's Ratings upgrades MBBank's deposit ratings to Ba2 from Ba3, outlook stable
Moody’s Ratings (Moody’s) has announced an upgrade of the local currency and foreign currency long-term deposit and issuer ratings for Military Commercial Joint Stock Bank (MB, HoSE: MBB) from Ba3 to Ba2, aligning with Vietnam’s sovereign rating (Ba2 positive). The outlook remains "Stable."
Banking - Fri, May 8, 2026 | 3:00 pm GMT+7
Vietnam welcomes leading Indian groups to expand energy, infrastructure cooperation: top leader
Vietnam is ready to create favorable conditions for capable Indian corporations and businesses to expand investment and operations in the country in line with its laws, while ensuring transparency and balanced interests among stakeholders, said Vietnam’s Party chief and President To Lam.
Economy - Fri, May 8, 2026 | 1:59 pm GMT+7
Vietnam airport operator ACV records slows disbursement for Long Thanh mega-airport project
Airports Corporation of Vietnam's (ACV) slow disbursement for the Long Thanh International Airport project, located in the southern province of Dong Nai, highlights implementation bottlenecks despite the company's strong profitability in Q1/2026 and substantial cash reserves for the country's largest aviation infrastructure project.
Companies - Fri, May 8, 2026 | 1:41 pm GMT+7
Vietnam property developers shift to asset-holding strategy for stable cash flow
Vietnamese property developers are increasingly shifting away from the traditional build-to-sell model and focusing instead on accumulating long-term assets capable of generating stable recurring income, as the industry adapts to lessons learned from the market downturn of 2022-2023.
Real Estate - Fri, May 8, 2026 | 12:07 pm GMT+7
Vietnamese, Indian firms exchange 27 agreements on aviation, tourism, logistics, technology
Vietnamese and Indian firms on Thursday exchanged 27 cooperation agreements aimed at boosting trade, investment, tourism and training between the two countries, thereby making bilateral partnership deeper, more practical and effective.
Economy - Fri, May 8, 2026 | 11:13 am GMT+7
MBBank ranks among Vietnam's leading lenders for SME working capital in key industries
Military Bank (MB) has emerged as one of Vietnam’s leading providers of working capital financing for small and medium-sized enterprises (SMEs) operating in key economic sectors, according to National Credit Information Center (CIC) data.
Banking - Fri, May 8, 2026 | 8:56 am GMT+7
Hanoi eyes massive replanning of Red River corridor, relocation of riverside communities
Hanoi plans to gradually relocate and reorganize all residential areas outside the Red River dike system as part of an ambitious urban redevelopment strategy aimed at transforming both banks of the river into a new economic and cultural corridor for the capital.
Economy - Thu, May 7, 2026 | 5:04 pm GMT+7
Thaco, VinFast, TC Group urge Vietnam gov't to keep auto sector under conditional business rules
Vietnam’s three major domestic automotive corporations - Thaco, VinFast and TC Group - have urged the government to maintain automobile manufacturing, assembly and import activities within the list of “conditional business sectors,” warning that deregulation could weaken the country’s long-term industrial strategy and expose local producers to unfair competition.
Economy - Thu, May 7, 2026 | 4:09 pm GMT+7
Prudential Vietnam remits $194 mln in retained earnings to parent company
Prudential Vietnam transferred over VND5.1 trillion ($194 million) in retained earnings to its parent company, Prudential Corporation Holdings, earlier this year, according to disclosures in its 2025 financial statements.
Finance - Thu, May 7, 2026 | 3:33 pm GMT+7
- Consulting
