Sacombank (STB) Appoints Children of Vice Chairman Nguyen Duc Thuy as Assistants

Overview

Sacombank (STB) has appointed Nguyen Xuan Thai and Nguyen Ngoc My Anh, the children of Vice Chairman Nguyen Duc Thuy, as assistants to the Board of Directors and General Director, respectively, effective June 4. The appointments come as the bank completes a 35-year rebranding and restructures its senior leadership.

Key Facts

• Nguyen Xuan Thai (born 2003) appointed assistant to the Board of Directors, effective June 4.
• Nguyen Ngoc My Anh (born 2001) appointed assistant to the General Director, effective June 4.
• Both positions are under the bank’s Governance Office.
• Nguyen Xuan Thai holds a bachelor’s degree in economics from the University of Massachusetts Boston.
• He was elected to the Board of Directors of LPBank Securities in late March and owns 15% of its capital.
• He also serves as Vice Chairman of Sacom Tokenized Asset Exchange (SCEX).
• Nguyen Ngoc My Anh was formerly General Director of Thaispace, an aviation transport company with charter capital of nearly VND 26,700 billion.
• She is currently Chairwoman of Ninh Binh Football Club, the youngest female club chair in V.League.
• The appointments follow Sacombank’s official name change after 35 years and a restructuring of senior management.
• Vice Chairman Nguyen Duc Thuy joined Sacombank in late December 2025 as Acting General Director, officially became General Director in March 2026, and then joined the Board.
• STB closed at VND 69,800 on June 7, 2026, down 0.85% with volume of 3,820,900 shares.

What Happened

Sacombank announced the appointment of two new assistants: Nguyen Xuan Thai as assistant to the Board of Directors and Nguyen Ngoc My Anh as assistant to the General Director. The decisions were signed by Chairman Duong Cong Minh and took effect on June 4. Both individuals are children of Vice Chairman Nguyen Duc Thuy, who has been a key figure in the bank’s recent leadership changes.

Nguyen Xuan Thai, born in 2003, recently graduated with a degree in economics from the University of Massachusetts Boston. He has already taken on roles at LPBank Securities (board member and 15% owner) and as Vice Chairman of Sacom Tokenized Asset Exchange (SCEX). Nguyen Ngoc My Anh, born in 2001, previously served as General Director of Thaispace, an aviation company with large charter capital, and is currently Chairwoman of Ninh Binh Football Club.

Market Context

STB shares closed at VND 69,800 on June 7, 2026, down 0.85% on volume of 3.82 million shares. The stock trades on HOSE. The appointments come amid a broader restructuring at Sacombank, which recently rebranded after 35 years and reshuffled its top management. Vice Chairman Nguyen Duc Thuy, who joined the bank in late 2025, now oversees strategy and long-term development. The market may view these appointments as part of a succession or consolidation of family influence within the bank.

Strategic Significance

The appointments signal a deepening of the Thuy family’s involvement in Sacombank’s day-to-day operations, following Nguyen Duc Thuy’s rapid rise to Vice Chairman. While the roles are assistant-level, they place the next generation in key governance and executive support positions. This could indicate a long-term succession plan or an effort to align the bank’s strategy with the family’s broader business interests, which include securities, tokenized assets, and football. Investors should monitor whether these appointments lead to further changes in the bank’s strategic direction or governance structure.

What to Watch

• Any additional board or management changes at Sacombank in the coming months.
• Disclosure of specific responsibilities or authority delegated to the new assistants.
• Performance of STB shares relative to the banking sector index.
• Updates on Sacombank’s rebranding and strategic initiatives under the new leadership.
• Regulatory filings regarding related-party transactions involving the Thuy family.