Vietnamese banks overhaul leadership and capital plans for 2026 growth
Several Vietnamese banks have recently held extraordinary general meetings (EGMs) to restructure leadership and adjust strategies. These moves come as financial institutions prepare for a news growth phase in 2026. Key changes include board appointments, capital increases, and long-term financial targets.
Vietnam Prosperity Bank (LPBank) made significant leadership changes at its EGM. The bank dismissed Nguyen Duc Thuy as chairman and Nguyen Van Thuy as vice chairman. Additionally, Nguyen Thi Kieu Anh stepped down as deputy CEO. Ho Nam Tien was appointed as the new chairman, but no replacements were named for the other vacancies.
Meanwhile, Prosperity and Development Commercial Bank (PGBank) expanded its leadership. Bui Vuong Anh joined the board, while Chu Thi Huong became a supervisory board member. Their roles are part of the bank’s efforts to strengthen governance ahead of 2026.
National Citizen Bank (NCB) also elected a new board and supervisory board for the 2025-2030 term. Bui Thanh Huong was re-elected as chairwoman, with Hoang Thu Trang appointed as vice chairwoman. The new board includes six members, three of whom are newcomers: Ta Kieu Hung (CEO), Do Thu Huong, and Lam Thuy Dung. The supervisory board now has five members, with three new faces: Pham Thi Hien (deputy CEO), Le Van Quy, and Nguyen Viet Son.
Viet Capital Bank (BVBank) is planning an EGM to elect a new board and supervisory board. The bank also seeks shareholder approval for its 2026-2030 development plan. Under this strategy, BVBank aims to grow total assets to VND296 trillion ($11.25 billion) and outstanding loans to VND179 trillion ($6.8 billion). To support this, the bank intends to raise charter capital from VND9.5 trillion to VND14 trillion ($531.9 million), with VND3.5 trillion ($133 million) coming from a rights issue and an employee stock ownership plan (ESOP). BVBank also targets keeping its non-performing loan ratio below 3% and achieving an average return on equity (ROE) of 10%.
At least four commercial banks announced EGMs in December 2025, signalling a broader push for restructuring and capital adjustments before the new year.
The recent EGMs highlight a wave of leadership changes and financial planning across Vietnamese banks. With new boards in place and capital-raising strategies set, these institutions are positioning themselves for growth in 2026. The adjustments reflect a focus on stability, governance, and long-term financial performance.
