Senior Leadership Changes at Sacombank, OCB, Eximbank: New Appointments and Resignations

Overview

Three Vietnamese banks—Sacombank (STB), Orient Commercial Bank (OCB), and Eximbank (EIB)—announced senior leadership changes in May 2025. Sacombank appointed two deputy general directors and a risk management executive, OCB’s CEO Pham Hong Hai resigned, and Eximbank replaced multiple board and supervisory board members. These changes reflect ongoing strategic adjustments in Vietnam’s banking sector.

Key Facts

• Sacombank (STB) appointed Luu Danh Duc and Nguyen Hoang Hai as deputy general directors on May 11, 2025.
• Luu Danh Duc, 53, holds a master’s in IT from IFI and has over 22 years of experience in banking technology, previously at LPBank, SHB, VIB, and Vingroup.
• Nguyen Hoang Hai, 53, previously held leadership roles at Gtel Mobile and VIB, and most recently served as deputy general director at LPBank.
• Sacombank also added Nguyen Thanh Hiep, director of risk management, to the executive board.
• OCB’s CEO Pham Hong Hai submitted his resignation after two years leading the bank through a strategic restructuring.
• Eximbank (EIB) removed three board members (Nguyen Canh Anh, Do Ha Phuong, Hoang The Hung) and four supervisory board members, then elected replacements for the 2025-2030 term.
• STB closed at VND 64 on April 15, 2026, down 2.57%; OCB at VND 12, down 0.86%; EIB at VND 23, down 1.09%.

What Happened

On May 11, 2025, Sacombank announced the appointment of Luu Danh Duc and Nguyen Hoang Hai as deputy general directors. Duc, an IT specialist with extensive experience in banking technology, will focus on modernizing technical infrastructure and digital solutions. Hai, with a background in telecommunications and marketing, previously held senior roles at Gtel Mobile and VIB. Sacombank also promoted Nguyen Thanh Hiep, its risk management director, to the executive board.

Meanwhile, OCB disclosed that CEO Pham Hong Hai had resigned. Hai had led the bank for two years, overseeing a strategic repositioning and digital transformation. OCB recently appointed Do Tu Anh as deputy general director for corporate banking and transformation. Eximbank removed three board members and four supervisory board members, then held elections to fill the vacancies for the 2025-2030 term. The changes were announced in regulatory filings.

Market Context

All three banks saw slight declines on April 15, 2026, with STB falling 2.57% to VND 64, OCB down 0.86% to VND 12, and EIB down 1.09% to VND 23. The leadership changes come amid a competitive banking environment where digital transformation and risk management are key priorities. Sacombank’s appointments emphasize technology and risk, while OCB’s CEO departure may signal further strategic shifts. Eximbank’s board overhaul follows recent governance challenges.

Strategic Significance

Sacombank’s new appointments strengthen its technology and risk management capabilities, aligning with industry trends toward digitalization. The addition of experienced IT and operations executives suggests a focus on operational efficiency and customer-centric digital products. OCB’s CEO resignation, after a two-year tenure, raises questions about the bank’s strategic direction and succession planning. Eximbank’s board refresh could improve governance and investor confidence, especially as the bank seeks to stabilize after past controversies.

What to Watch

• Sacombank’s Q2 2025 earnings report for signs of improved efficiency and digital adoption.
• OCB’s announcement of a new CEO and any accompanying strategic plan.
• Eximbank’s next shareholder meeting and any further board changes.
• Regulatory filings detailing the new board members’ backgrounds at Eximbank.
• Stock price and foreign ownership trends for STB, OCB, and EIB in the coming weeks.