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

Overview

Vietcombank (HOSE: VCB) has announced that Deputy General Director Nguyen Van Tuan, 57, has submitted a request for early retirement effective from November. Tuan returned to the deputy CEO role in mid-January 2025 after a decade-long secondment to the zero-dong-acquired lender formerly known as VNCB and now operating as CBBank. The departure removes one of nine deputy general directors at Vietnam’s largest listed bank by market capitalization, though the filing does not name a successor.

Key Facts

• Deputy General Director Nguyen Van Tuan signed his retirement request on 30/9, citing a desire to proactively arrange personal affairs.
• Tuan, 57, was appointed Deputy General Director of Vietcombank in mid-January 2025, giving him roughly 21 months in the role at the time of the request.
• He holds an MBA from the Free University of Brussels (Universite Libre de Bruxelles).
• In 2015, while a Vietcombank deputy CEO, Tuan was seconded to chair Vietnam Construction Bank (VNCB) after the State Bank of Vietnam acquired it at zero dong.
• VNCB was placed under mandatory transfer to Vietcombank in October 2024 and rebranded as CBBank.
• Vietcombank’s current leadership comprises one general director and nine deputy general directors, several of whom concurrently head specialist divisions.
• VCB closed at VND 57,100 on 2026-10-02.

What Happened

Vietcombank published Tuan’s resignation letter, in which he described the decision as thoroughly considered and aimed at allowing the bank to arrange personnel smoothly and maintain operational stability. “I see this as a suitable time to arrange my work and request early retirement,” Tuan wrote in the letter dated 30/9. He said he recognized that handover of senior leadership duties must be complete to ensure continuity in management, and committed to fully discharging his assigned responsibilities until his departure date.

Tuan’s career at Vietcombank spans multiple senior roles. He was appointed deputy general director in January 2025, having previously served in the same position before being dispatched in 2015 to lead VNCB following the State Bank of Vietnam’s zero-dong takeover. VNCB was converted and rebranded as CBBank before its mandatory transfer to Vietcombank in October 2024. On returning to Vietcombank, Tuan said he would “contribute as long as I have strength,” with a particular focus on optimizing and automating the bank’s operations. The announcement does not specify the exact last working day or any replacement.

Market Context

VCB shares closed at VND 57,100 on 2026-10-02, with the bank remaining the largest listed lender on the HOSE exchange by market capitalization. Vietnamese bank stocks have traded in a wide band through 2026 as investors weigh credit growth against margin pressure and the sector’s heavy capital-raising pipeline. Senior management turnover at state-owned banks is not unusual, but Vietcombank’s size and index weight mean personnel news can draw foreign and domestic institutional attention. The filing does not disclose any change to the bank’s strategy, capital plan, or dividend policy.

Strategic Significance

For long-term holders, the key question is not the departure itself but the depth and stability of Vietcombank’s management bench. With nine deputy general directors, several of whom double as division heads, the bank has redundancy at the senior level, and Tuan’s stated priority of operational automation is embedded in the broader digitalization agenda rather than tied to one executive. His exit does, however, remove a manager with direct experience of integrating CBBank, the zero-dong legacy asset that Vietcombank absorbed in October 2024. How smoothly that integration continues, and whether the vacancy is filled internally or externally, will signal how the bank manages succession ahead of any future CEO transition.

What to Watch

• Vietcombank board resolution confirming Tuan’s official last working day and any replacement appointment.
• State Bank of Vietnam approval of the leadership change, given Vietcombank’s status as a state-controlled bank.
• Third-quarter 2026 earnings release for any commentary on management transition or CBBank integration costs.
• Any further senior personnel filings at Vietcombank or CBBank over the next two quarters.
• Foreign-ownership and index-weight filings, as VCB remains a core holding for regional funds tracking Vietnamese banks.