VPBank, Eximbank, Nam A Bank Announce Senior Leadership Changes in July

Overview

Several Vietnamese banks, including VPBank (VPB), Eximbank (EIB), and Nam A Bank (NAB), announced senior personnel changes in July 2026, with appointments, resignations, and elections of board members and supervisory roles. These moves are expected to complete governance structures and enhance operational efficiency.

Key Facts

• VPBank’s board approved the appointment of Pham Thi Nhung as Vice Chair on July 9, 2026.
• Pham Thi Nhung joined VPBank in 2016, served as Deputy CEO, and became a board member in April 2024.
• From April 25, 2025, Nhung ceased as Deputy CEO to become Chair of GPBank’s Members’ Council.
• Nam A Bank will hold an EGM on July 25, 2026, to elect one additional member to the Supervisory Board for the 2026-2031 term.
• The candidate for NAB’s supervisory board is Nguyen Danh Thiet, born 1973, currently Chairman of Nam A Bank’s Debt Management and Asset Exploitation One-Member LLC.
• Eximbank will hold an EGM on July 24, 2026, to approve the resignation of four board members (Pham Thi Huyen Trang, Nguyen Trong Hien, Pham Tuan Anh, Nguyen Tri Trung) and elect replacements.
• Eximbank submitted the proposed personnel list to the State Bank of Vietnam for approval on June 23, 2026.

What Happened

On July 9, 2026, VPBank’s Board of Directors passed a resolution appointing Pham Thi Nhung as Vice Chair of the Board. Nhung, a long-time executive at VPBank since 2016, had previously served as Deputy CEO and became a board member in April 2024. She stepped down from her Deputy CEO role in April 2025 to lead GPBank’s Members’ Council.

Separately, Nam A Bank and Eximbank scheduled extraordinary general meetings in July to address governance and personnel matters. Nam A Bank’s EGM on July 25 will consider electing one additional member to its Supervisory Board for the 2026-2031 term, nominating Nguyen Danh Thiet. Eximbank’s EGM on July 24 will seek shareholder approval to remove four board members who resigned and to elect replacements, with the candidate list already submitted to the State Bank of Vietnam.

Market Context

VPB closed at VND 26,700 on July 10, 2026, down 2.02% with high volume of 14 million shares. EIB closed at VND 19,750, down 1.25%, and NAB closed at VND 13,300, up 0.38%. The banking sector has been under scrutiny for governance improvements, and these personnel changes align with regulatory requirements under the Law on Credit Institutions. VPBank trades on HOSE, Eximbank on HOSE, and Nam A Bank on UPCOM.

Strategic Significance

The leadership changes at VPBank, Eximbank, and Nam A Bank reflect a broader trend among Vietnamese banks to strengthen corporate governance and comply with stricter regulatory standards. VPBank’s appointment of a seasoned executive to the Vice Chair role signals continuity and stability in its leadership. For Eximbank, the replacement of four board members may address governance concerns and pave the way for strategic shifts. Nam A Bank’s addition to its supervisory board aims to enhance oversight as the bank expands. These moves are part of ongoing efforts to improve transparency and operational efficiency in the banking sector.

What to Watch

• Eximbank’s EGM on July 24, 2026, and the outcome of board elections.
• Nam A Bank’s EGM on July 25, 2026, and the election of the supervisory board member.
• Any further regulatory approvals from the State Bank of Vietnam for Eximbank’s new board.
• VPBank’s next quarterly earnings report to assess impact of leadership changes on performance.
• Potential additional personnel changes at other Vietnamese banks in the coming months.