Vietcombank General Meeting of Shareholders elects 2 additional members to the Board of Directors

On April 26, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) held its 2025 Annual General Meeting of Shareholders. At this year's meeting, Vietcombank elected two additional members to the Board of Directors (BOD).

Among them, Ms. Hoang Thanh Nhan - former Editor-in-Chief of Banking Times holds the position of member of the Board of Directors at Vietcombank . The second person is Mr. Kohei Matsuoka (Japanese nationality).

Ms. Hoang Thanh Nhan (in pink shirt) at the reception and working session with the Thai Journalists Association delegation at the Banking Times in August 2024

In addition, the Congress also elected Mr. Tran Sy Manh - Head of Planning Department, Vietcombank Head Office as a member of Vietcombank's Board of Supervisors, replacing Mr. Trinh Ngoc An, who was dismissed at his personal request.

The term of office of the newly elected members of the Board of Directors and the Board of Supervisors is the remaining term of the 2023-2028 term.

Vietcombank said that the restructuring of its leadership team takes place in the context of the bank strongly promoting digital transformation, expanding its domestic and international network of operations, and pioneering green growth. Strengthening governance and management capacity is a strategic step, helping Vietcombank improve operational efficiency, increase competitiveness, ensure sustainable development and increase long-term value for shareholders.

At today's General Meeting of Shareholders, in 2025, the bank set a target of total asset growth of about 10% and adjusted accordingly to the assigned credit growth rate, maximum outstanding credit balance of 16.28% and implemented according to the announcement of the State Bank; capital mobilization from market 1 increased by 8% in line with credit demand. The bad debt ratio continued to be controlled below the threshold of 1.5%, reflecting the commitment to maintaining asset quality and effective risk management.

In particular, in the coming period, Vietcombank will vigorously implement the green growth and sustainable development strategy, continue to affirm its leading, leading, and pioneering role in the national financial system in implementing Environmental - Social - Governance (ESG) standards, actively contribute to the sustainable development of the economy and gradually affirm its position in the international arena.

Vietcombank also approved a plan to issue individual shares to increase its charter capital. Accordingly, the bank plans to offer up to 6.5% of its outstanding shares, equivalent to a maximum of 543.1 million shares, to no more than 55 investors, including strategic investors and professional securities investors. The total offering value at par value is estimated at VND5,431 billion.

After completing this plan, Vietcombank's charter capital will increase from nearly VND83,557 billion to nearly VND88,988 billion, continuing to maintain its position as the bank with the largest charter capital in Vietnam. This creates a solid foundation for Vietcombank to increase its competitiveness, expand its operations and invest in depth in strategic projects.

Source: https://thoibaonganhang.vn/dai-hoi-dong-co-dong-vietcombank-bau-bo-sung-2-thanh-vien-hdqt-163420.html