Accordingly, from April 25, 2025, Ms. Pham Thi Nhung was appointed to hold the title of Chairman of the Board of Members (Members) of GPBank. Ms. Nhung is still a member of the current Board of Directors (Board of Directors) of VPBank for the current term, and is expected to continue to elect VPBank's Board of Directors for the 2025-2030 term in the meeting of the upcoming annual shareholder meeting according to the list of personnel approved by the State Bank.
To ensure compliance with the Law on Credit Institutions on cases where they do not hold the same position, Ms. Nhung will cease to hold the position of Permanent Deputy General Director of VPBank from April 25, 2025.
Ms. Nhung joined VPBank in 2016, is a senior personnel with many years of experience, having held important positions in the bank. In 2021, she was appointed Deputy General Director of VPBank, and became a member of the Board of Directors from April 2024.
The appointment of senior personnel to join the Board of Directors of GPBank is part of the implementation of the plan to require GPBank transfer to VPBank according to the decision of the State Bank on January 17, 2025, in order to comprehensively restructure this credit institution in accordance with legal regulations.
In addition to Ms. Nhung, 5 other members appointed to join the GPBank Board of Members for the 2025-2030 term include Ms. Luu Thi Thao - Permanent Vice Chairwoman of the Board of Directors; Mr. Nguyen Huy Phat, Ms. Duong Thi Thu Thuy, Ms. Nguyen Phuong Nam and Mr. Nguyen Quang Trung are members of the Board of Members.
According to the plan approved by the Government, GPBank is currently a bank with 100% of VPBank's charter capital, allowed to conduct commercial banking activities according to regulations, in the form of a single-member limited liability bank.
During the implementation of the transfer plan, VPBank acted as the owner, supporting GPBank in terms of finance, personnel, technology and governance to gradually bring GPBank back to stable and healthy operations. All rights of depositors and customers at GPBank continue to be fully guaranteed in accordance with the provisions of law.
The restructuring of GPBank demonstrates VPBank's pioneering role in implementing major policies of the Government and the State Bank, while affirming VPBank's capacity, reputation and responsibility towards the national banking and financial system. VPBank is committed to turning GPBank from a weak, specially controlled bank into a normal and healthy-working commercial bank, contributing to the overall development of the economy.
