VIB Reassigns CFO Ho Van Long to Senior Strategy Director Role
This Aveluro analysis covers VIB (Quốc tế Việt Nam) in the Banking 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 CafeF - Tài chính ngân hàng, 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.
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Overview
VIB (HOSE: VIB) has announced a senior leadership change, reassigning CFO Ho Van Long to the role of Senior Strategy Director, effective May 18. The bank also disclosed its 2026 profit target of VND 11,550 billion pre-tax, a 27% increase, alongside a dividend plan of nearly 19%.
Key Facts
- Ho Van Long steps down as CFO and Deputy CEO, becoming Senior Strategy Director reporting directly to the CEO, effective May 18.
- Long has over 20 years of experience, including roles at Ernst & Young, Techcombank, and Heineken, and joined VIB in 2008.
- VIB targets 2026 pre-tax profit of VND 11,550 billion, up 27% year-on-year.
- Credit growth target of 15% to VND 439,273 billion; deposits target of VND 415,968 billion (+26%).
- Dividend plan totals nearly 19%: 9% cash, 9.5% bonus shares, and 0.24% ESOP shares.
- VIB plans to issue over 331 million shares to raise charter capital from VND 34,040 billion to VND 37,354 billion.
- Q1 2026 pre-tax profit reached VND 2,800 billion (+16% YoY); total operating income was VND 5,860 billion (+27%).
- VIB stock closed at VND 15,800 on May 19, market cap VND 53,783 billion.
What Happened
VIB announced the reassignment of Ho Van Long from CFO and Deputy CEO to Senior Strategy Director, effective May 18. Long, who has been with VIB since 2008, will report directly to the CEO. The bank stated that Long’s extensive experience in finance and strategy will support its long-term growth objectives.
In addition to the leadership change, VIB released its 2026 business targets, including a pre-tax profit goal of VND 11,550 billion, a 27% increase. The bank also outlined a dividend plan of nearly 19%, comprising cash and stock dividends, and a share issuance to raise charter capital.
Market Context
VIB shares closed at VND 15,800 on May 19, down 1.86% with volume of 6.6 million shares. The stock has been under pressure amid broader banking sector volatility. VIB’s Q1 2026 results showed solid profit growth of 16%, with retail lending accounting for nearly 70% of the loan book. The bank maintains a non-performing loan ratio of 2.13% and a CAR above 12% under Basel III.
Strategic Significance
The reassignment of a long-tenured CFO to a strategy-focused role suggests VIB is prioritizing strategic planning and execution as it pursues ambitious 2026 targets. The move may also signal a shift in leadership structure, with a new CFO likely to be appointed. The bank’s focus on retail lending, card services, and digital banking aligns with its growth strategy, while the dividend and capital increase plans aim to reward shareholders and strengthen the balance sheet.
What to Watch
- Appointment of a new CFO and any further senior management changes.
- Q2 2026 earnings results to gauge progress toward the 2026 profit target.
- Execution of the share issuance and its impact on earnings per share.
- Credit growth and asset quality trends, particularly in the retail loan portfolio.
- Any updates on the bank’s strategic initiatives under the new Senior Strategy Director.