Ex-Standing Deputy Minister of Industry and Trade appointed as chairman of Vietbank

15:30 | 24/02/2021
The Board of Directors of VietBank has just decided to appoint Bui Xuan Khu as vice chairman to replace Duong Ngoc Hoa from February 23.
ex standing deputy minister of industry and trade appointed as chairman of vietbank
The VietBank appointment is effective since yesterday. Photo: Vietbank

The new chairman of the Board of Directors of VietBank was previously the Standing Deputy Minister of Industry and Trade. He was also in charge of operating a number of large-scale corporations.

The newly-appointed chairman is rich in experience in managerial positions and held senior management positions such as general director of Viet Tien Garment Corporation, general director of Vietnam Textile and Garment Corporation.

Currently, Khu is also the vice-chairman of Global Petroleum Investment JSC.

In 2020, VietBank's consolidated pre-tax profit reached VND403 billion ($17.5 million), down 34.3 per cent compared to 2019. After-tax profit was VND319 billion ($13.87 million), down 32.3 per cent.

As of December 31, 2020, VietBank's total assets increased by 33 per cent at the end of 2019 to VND91.66 trillion ($4 billion). The non-performing loans ratio to total outstanding loans was 1.75 per cent.

By Lam Tien

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