Eximbank's Board of Directors now has only one member after a wave of resignations.
Vietnam Export Import Commercial Bank (Eximbank, ticker: EIB) has just announced that four members of its Board of Directors have submitted their resignations, including Ms. Pham Thi Huyen Trang and Messrs. Pham Tuan Anh, Nguyen Tri Trung, and Nguyen Trong Hien.
According to information released on June 8, 2026, Ms. Pham Thi Huyen Trang has submitted her resignation from the position of Independent Member of the Board of Directors. However, Ms. Trang will continue to serve as Chairwoman of the Board of Directors until July 24, 2026, when the bank will hold an extraordinary meeting to elect additional management personnel.
At the same time, three other members of the Board of Directors, Mr. Pham Tuan Anh, Mr. Nguyen Tri Trung, and Mr. Nguyen Trong Hien, also submitted their resignations. Mr. Nguyen Tri Trung and Mr. Nguyen Trong Hien had only recently been elected to the bank's Board of Directors at the shareholders' meeting in April 2026. The simultaneous resignation of four members from their senior positions leaves Eximbank's Board of Directors with only one remaining member, Mr. Ho Poh Wah.
Previously, at the end of May 2026, Eximbank dismissed four Deputy General Directors, including Mr. Dao Hong Chau, Mr. Nguyen Ho Hoang Vu, Mr. Nguyen Huong Minh, and Mr. Pham Quang Dung. Just a few days later, the bank appointed Mr. Nguyen Thanh Long as Director of Administration and Deputy General Director, effective June 2nd.
According to the plan, Eximbank will hold an extraordinary general meeting in 2026 on July 24th to elect additional members to the Board of Directors and the Supervisory Board for the 2025-2030 term. The last registration date for shareholders to exercise their right to attend and vote at the meeting is June 24th, 2026.
Thus, in less than 15 days, Eximbank has continued to witness significant personnel changes with more senior leaders leaving their positions, while the bank is still in the process of restructuring its Board of Directors after a series of resignations recorded since the beginning of the year.
Many investors are asking: When will Eximbank truly find peace and stability, and when will the turmoil at the top management level subside?
Who owns Eximbank?
Eximbank was once one of Vietnam's leading private joint-stock commercial banks. In 2011, the bank's profits exceeded 4 trillion VND, placing it among the top banks in the system. However, that glorious period quickly passed after power struggles began to emerge in 2015.
The turning point came when Mr. Le Hung Dung stepped down as Chairman of the Board of Directors. Since then, various shareholder groups have sought to increase their influence at the bank, leading to repeated delays in shareholder meetings, prolonged disputes, and frequent changes in leadership.
According to statistics, in just about 10 years, Eximbank has undergone 9 changes in its Chairman of the Board of Directors. At one point, the bank even changed its Chairman in less than an hour – a rare event in the history of the Vietnamese banking industry.
After major shareholders such as SMBC, VinaCapital, Thanh Cong Group, and several other investors successively withdrew, the power structure at Eximbank in recent years has gradually revolved around two main shareholder groups: Gelex and the group of shareholders associated with Bamboo Capital.
Since mid-2024, Gelex has emerged as the largest institutional shareholder in Eximbank.
According to the list of shareholders owning 1% or more of the charter capital published by Eximbank, updated as of January 15, 2026, Gelex Group Joint Stock Company is currently the bank's largest shareholder with over 186.9 million EIB shares, equivalent to 10% of the charter capital. This is also the highest ownership percentage at Eximbank at present.
Following Gelex is Vietcombank with nearly 78.8 million shares, equivalent to 4.51% of the charter capital. VIX Securities Joint Stock Company ranks next, holding over 67.8 million shares, equivalent to 3.64% of the capital. This is also a company related to the GELEX ecosystem of businessman Nguyen Van Tuan.
According to the Q1 2026 financial statements, VIX Securities' proprietary trading portfolio continues to maintain a large proportion in the Gelex ecosystem (GEX, GEE). Accordingly, by the end of 2025, VIX held GEE (Gelex Electric) shares with a market value of over VND 4,400 billion (cost price approximately VND 1,677 billion). In Q1 2026, VIX continued to maintain this position. In addition, VIX held GEX shares of Gelex Group with a market value of over VND 1,900 billion.
Besides GEX and GEE, VIX's portfolio also focuses on EIB (Eximbank) and VSC (Container Vietnam).
At the 2026 Annual General Meeting of Shareholders, Gelex leaders affirmed that they view Eximbank as a long-term strategic investment and indicated they may increase their ownership stake to 15% if legal conditions permit. Gelex also expressed its desire to participate more deeply in the bank's governance by nominating personnel to the Board of Directors.
Among individual shareholders, Ms. Nguyen Bich Huyen is a notable name, directly owning 54 million shares, equivalent to 2.9% of the charter capital. Those related to Ms. Huyen hold an additional 36 million shares, equivalent to 1.94% of the capital.
In addition, Ms. Luong Thi Cam Tu owns nearly 19.54 million shares, equivalent to 1.12% of the charter capital.
Meanwhile, Ms. Le Thi Mai Loan holds nearly 17.94 million shares, equivalent to 1.03% of the capital. Those related to Ms. Loan own only an additional 19,540 shares, equivalent to 0.0011% of the charter capital. Ms. Le Thi Mai Loan has held numerous management positions at companies related to Bamboo Capital or represented the group's capital in several transactions. At Bamboo Capital, she was a member of the Supervisory Board and Vice Chairman of the Board of Directors. At subsidiary companies, she served as the Standing Chairman of Tracodi Trading & Consulting JSC and Chairman of the Board of Directors of Gia Khang Investment, Trading and Service JSC.
While Eximbank's business performance has improved significantly in recent years, the upheavals at the top management level have not completely subsided. The continuous resignations of board members, the subsequent elections for new personnel, and changes in the executive board indicate that the bank is still in the process of reshaping its power structure.
Source: https://hanoimoi.vn/eximbank-bao-gio-bien-lang-song-dung-1159759.html
