Vietnam's largest bank by assets BIDV appoints new chairman, CEO
Vietnam's state-controlled lender BIDV (HoSE: BID) has appointed CEO Le Ngoc Lam as chairman and named Hoang Viet Hung as its new CEO in a broader management reshuffle.
Lam, who had served as BIDV's CEO for more than five years, will hold the position for the 2022-2027 term, replacing Phan Duc Tu, who is due to retire on July 1.
Born in 1975, Lam holds a master's degree in finance and banking. He has spent nearly three decades at BIDV, holding a range of senior positions at the bank's headquarters. He previously oversaw risk management and corporate banking operations before being appointed deputy CEO in 2015 and later CEO.
Le Ngoc Lam, BIDV's newly-appointed chairman. Photo courtesy of Tuoi tre (Youth) newspaper.
Meanwhile, Hung will become CEO for a five-year term beginning July 1.
Born in 1972, Hung joined the bank in 1996 and has held several leadership positions, including roles at its Nghe An province branch, head of the personnel organization division, and deputy CEO since March 2020.
The lender also named Le Huy Hoang and Vu Hoang Duong as new deputy CEOs.
BIDV posted a record pre-tax profit of more than VND36 trillion ($1.37 billion) last year.
Customer deposits rose nearly 14% to more than VND2,400 trillion ($91.22 billion), while outstanding loans increased by more than 15% from the start of the year to over VND2,300 trillion. The bank's non-performing loan ratio stood at 1.2% at the end of last year.
Total assets exceeded VND3,250 trillion ($123.53 billion), up 20% from 2024, maintaining its position as Vietnam's largest bank by assets.
The bank has a charter capital of VND72.8 trillion ($2.77 billion), of which state capital accounts for over VND55.86 trillion, corresponding to an ownership stake of 76.73%.
South Korea's Hana Bank officially became a foreign strategic shareholder of BIDV in November 2019, holding 15% of the charter capital.
By the end of 2025, BIDV had a network of 175 domestic branches, one overseas branch, and 927 transaction offices nationwide.
On the Ho Chi Minh Stock Exchange (HoSE), BID shares closed Friday at VND41,800 ($1.59) apiece.
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