BIDV Elects Le Ngoc Lam as Chairman, Hoang Viet Hung as CEO from July 1
This Aveluro analysis covers BID (BIDV) on HOSE in the Banks sector. The classified event type is leadership change, with neutral sentiment and a deterministic market-impact score of 5.0/10. Source coverage came from VnExpress - Kinh doanh, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
BIDV (BID) has elected Le Ngoc Lam, formerly CEO, as Chairman of the Board of Directors and appointed Hoang Viet Hung as CEO, effective July 1, 2026. The bank also named two new deputy CEOs. The leadership transition comes after BIDV reported record 2025 net profit of over VND 36,000 billion and total assets of VND 3.25 million billion.
Key Facts
- Le Ngoc Lam, born 1975, has nearly 30 years at BIDV and served as CEO for over five years before becoming Chairman.
- Hoang Viet Hung, born 1972, joined BIDV in 1996 and has held leadership roles including Deputy CEO since March 2020.
- Two new Deputy CEOs appointed: Le Huy Hoang and Vu Hoang Duong.
- BIDV’s 2025 net profit reached a record VND 36,000 billion, up 20% year-on-year.
- Total assets exceeded VND 3.25 million billion, making BIDV the largest bank in Vietnam by assets.
- Customer deposits reached over VND 2.4 million billion, up nearly 14%.
- Credit outstanding stood at over VND 2.3 million billion, up more than 15% from the start of the year.
- Non-performing loan ratio was 1.2% at end-2025.
What Happened
BIDV has elected Le Ngoc Lam, the bank’s former CEO, as Chairman of the Board of Directors for the 2022-2027 term, effective July 1, 2026. Lam, born in 1975, has spent nearly 30 years at BIDV, holding various positions including Deputy CEO from 2015 and CEO for over five years. He has overseen risk management and corporate customer segments.
Simultaneously, BIDV appointed Hoang Viet Hung as CEO for a five-year term starting July 1. Hung, born in 1972, has been with BIDV since 1996, previously serving as head of the Nghệ An branch, Director of the Human Resources Department, and Deputy CEO since March 2020. The bank also named two new Deputy CEOs: Le Huy Hoang and Vu Hoang Duong. The changes were announced via a company filing.
Market Context
BIDV shares closed at VND 42,950 on June 17, 2026, up 2.51% with volume of 8.6 million shares. The stock trades on HOSE. BIDV is Vietnam’s largest bank by total assets and reported record 2025 net profit of VND 36,000 billion, reflecting strong growth in credit and deposits. The leadership change occurs amid a stable banking sector, with BIDV maintaining a low NPL ratio of 1.2%.
Strategic Significance
The appointment of an internal successor as Chairman and a seasoned executive as CEO signals continuity in BIDV’s strategic direction. Lam’s deep experience in risk management and corporate banking, combined with Hung’s operational background, suggests a focus on maintaining asset quality and expanding lending. The record 2025 results provide a strong foundation for the new leadership to pursue growth targets while managing credit risk.
What to Watch
- Q2 2026 earnings release to assess profit momentum and asset quality.
- Any changes in dividend policy or capital raising plans under the new board.
- Updates on BIDV’s digital transformation and non-interest income growth.
- Regulatory developments affecting state-owned banks, including potential capital injections.
- Foreign ownership trends, as BIDV’s foreign room is currently limited.