Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has just passed a resolution approving the resignation of Ms. Nguyen Duc Thach Diem from the Board of Directors (BOD), effective from June 17, 2025.
According to the resolution, Ms. Diem is currently the Standing Vice Chairman of the Board of Directors and has resigned from the Board of Directors and will not continue to participate in related activities for personal reasons. The Board of Directors also agreed to submit this resignation letter to the nearest General Meeting of Shareholders for consideration of dismissal according to regulations.
Previously, on May 22, the Board of Directors of Sacombank issued a decision to remove Ms. Nguyen Duc Thach Diem from the position of General Director. The bank also appointed Mr. Nguyen Thanh Nhung as Acting General Director.
Ms. Nguyen Duc Thach Diem, born in 1973 in Quang Ngai, is one of the few female senior leaders in the Vietnamese banking industry with a long tenure, associated with Sacombank's restructuring process.
Ms. Diem joined Sacombank in 2002, starting as an accounting officer. During more than two decades working at this bank, she has held many different roles such as credit, customer service, internal inspection - control, debt settlement and regional management and operation.
In July 2017, Ms. Diem was appointed General Director of Sacombank, replacing Mr. Phan Huy Khang. She is the one who directly manages the restructuring process that has lasted nearly 8 years, in the context that the bank has to handle a large amount of unpopular assets and maintain the system stability after the merger.
Regarding the business results of the first quarter of 2025, Sacombank mobilized market 1 to increase by 3.3%, reaching 33% of the plan. Credit growth reached 4.7%, reaching 40% of the year's plan. Control bad debt at 2.2%, up 0.2% due to customers affected by difficulties, the economy and real estate market have not recovered. Pre-tax profit reached VND 3,674 billion.
With the forecast of potential risks from the macro economy still existing, but with the goal of completing the restructuring journey of Sacombank as well as being ready to enter a new development stage with many new, higher goals.
Sacombank sets a pre-tax profit target of VND14,650 billion, up 15% compared to the 2024 results. It is expected that by the end of the year, total assets will reach VND 819,800 billion, an increase of 10% compared to the beginning of the year. Mobilized capital reached VND 736,300 billion (up 9%) and outstanding credit reached VND 614,000 billion (up 14%). The bad debt ratio is controlled below 2%.
