Nghiem Xuan Thanh.

HA NOI (Biz Hub) — The Bank for Foreign Trade of Viet Nam (Vietcombank) announced the appointment of Deputy General Director Pham Quang Dung as its General Director on November 1.

Dung, born in 1973, has been working for Vietcombank since 1994. He was director of the bank's Viet Nam Finance Company in Hong Kong, and has been an acting member of the board of directors since April 2013.

Pham Quang Dung. — Photos vietcombank.vn

Nghiem Xuan Thanh, born in 1969, has been appointed the new chairman of the bank's board of directors, in place of Nguyen Hoa Binh, who has resigned.

Thanh's term runs from 2013 to 2018. He had been appointed as the bank's acting General Director in July 2013.

Vietcombank has been operational for more than 50 years, with a charter capital of VND26,650 billion, or US$125.3 million. — VNS