Vietcombank (VCB) Deputy CEO Nguyen Van Tuan Requests Early Retirement

Overview

Vietcombank (ticker VCB, HOSE) disclosed that Deputy General Director Nguyen Van Tuan filed a request for early retirement on September 30, 2026, with an intended effective date of November 1, 2026. The filing, classified as an unusual personnel disclosure, cites health and personal reasons. For VCB shareholders, the immediate question is how the bank fills a senior executive seat that Mr. Tuan only reoccupied in January 2025 after nearly a decade running a subsidiary.

Key Facts

• Nguyen Van Tuan, Deputy General Director of Vietcombank, submitted his early retirement request on September 30, 2026.
• The requested effective retirement date is November 1, 2026.
• Stated reasons: current health condition, personal circumstances and his own wishes.
• Mr. Tuan was born on September 16, 1969, making him 57 at the time of the filing.
• He holds a degree from Hanoi University of Foreign Languages and an MBA from the Free University of Brussels (Belgium).
• He served roughly 7 years as Vietcombank Deputy General Director before being assigned in 2015 to chair the Board of Members of Vietnam Construction Bank (CB), now VCBNeo.
• He returned to the Vietcombank Deputy General Director seat in January 2025 following VCBNeo’s transfer.
• VCB closed at 57 on October 2, 2026, down 0.69% on volume of 3,136,600 shares.

What Happened

Vietcombank announced in an unusual-information disclosure that it had received an early retirement request from Nguyen Van Tuan, Deputy General Director, on September 30, 2026. According to the announcement, Mr. Tuan asked for the retirement to take effect from November 1, 2026. The bank stated that the request is being considered and decided in accordance with applicable regulations.

In the filing, Mr. Tuan said the decision was based on his current health situation, personal conditions and his own wishes, and that after weighing the matter he judged this an appropriate time to reorganize his work. He committed to fully performing his assigned duties while awaiting a decision, coordinating with the Board of Directors, the Executive Board and relevant units, and to preparing a complete handover of work, files, documents and responsibilities so that the bank’s operations remain stable and uninterrupted.

Market Context

VCB trades on the Ho Chi Minh City Stock Exchange (HOSE) and is the largest listed bank by market capitalization in Vietnam. The shares closed at 57 on October 2, 2026, down 0.69%, on volume of 3,136,600 shares, a modest move that suggests the market has not yet priced the personnel news as a material earnings event. Vietnamese bank stocks have generally traded in line with the VN-Index’s sensitivity to credit-growth quotas, deposit-rate competition and foreign-ownership limits, and single executive departures at state-influenced banks are typically treated as governance rather than fundamental news.

Strategic Significance

Mr. Tuan’s tenure is unusual in that it spans two distinct phases: roughly seven years as a Vietcombank Deputy General Director, then nearly ten years from 2015 chairing Vietnam Construction Bank (CB), the zero-dong-acquired institution later restructured and renamed VCBNeo, before returning to Vietcombank’s executive ranks in January 2025 after the transfer. That background makes him one of the few VCB executives with direct experience of absorbing and rehabilitating a weak bank, a capability that matters as Vietnamese regulators continue to push mandatory transfers of troubled lenders. His exit removes institutional memory from that specific playbook, though the bank has not signaled any change to strategy.

What to Watch

• Vietcombank’s formal decision on the retirement request and the confirmed effective date, expected around or before November 1, 2026.
• Any Board of Directors resolution appointing a replacement Deputy General Director or reassigning Mr. Tuan’s portfolio.
• Handover disclosures or subsequent unusual-information filings naming successor responsibilities.
• VCB’s next quarterly earnings release and any management commentary on personnel changes.
• State Bank of Vietnam approvals or directives relating to senior appointments at state-owned commercial banks.