Nghiem Xuan Thanh represents 40 per cent of State's contribution to VCB. – Photo CafeF

HA NOI (Biz Hub) – The governor of the State Bank of Viet Nam has appointed Nghiem Xuan Thanh, chairman of Vietcombank (VCB), to represent 40 per cent of the State's contribution to the bank.

The appointment was decided last Friday following the retirement of former VCB chairman Nguyen Hoa Binh.

Meanwhile, Pham Quang Dung, a member of VCB's managerial board and VCB general director, was appointed to represent another 30 per cent of the State's contribution to the VCB.

As a holder of a post-graduate degree in banking-finance, Thanh, 45, has 25 years of experience in the field. Before the appointment, Thanh was former deputy director of Vietinbank and VCB's general director.

Dung, 41, also has a post graduate degree in banking-finance. He has been working for VCB since 1994. He was VCB's deputy director and member of the bank's managerial board prior to his appointment as the state's representative. – VNS