The Board of Directors of Sacombank has issued a decision to appoint Mr. Nguyen Duc Thuy as acting General Director. The decision takes effect immediately after Mr. Thuy completes the resignation procedures at LPBank.
This appointment is considered by the market to be a strategic step in personnel of Sacombank, aiming to bring a manager with practical experience in operations in the context that the bank is entering a key stage of the restructuring roadmap.
Mr. Nguyen Duc Thuy was born in 1976 in Ninh Binh, graduated from Colorado State University (Colorado State University, USA). Before joining the "hot seat" at Sacombank, Mr. Thuy was a familiar face in the market with a strong leadership style.
From 2006 to 2019, he held the position of Chairman at a series of large enterprises such as Thaiholdings, Xuan Thanh Group, Xuan Thanh Securities Company...
From April 2021, he joined the banking industry as Vice Chairman of the Board of Directors of LienViet postBank (now LPBank) and then Chairman of the Board of Directors from the end of 2022 to December 2025.
During more than 3 years of management at LPBank, Mr. Thuy's mark has been associated with the process of changing the brand name, streamlining the apparatus and promoting digital transformation. LPBank's financial and technology system indicators during this period were recorded to have significant improvements.
The selection of Mr. Nguyen Duc Thuy to sit on the executive chair at this time is considered in line with Sacombank's goal of completely handling outstanding issues.
According to the orientation, the new acting General Director will focus on completing the restructuring project in the final stage. Top priorities include: Reducing bad debt ratio, improving operational capacity and profit margin (NIM), and increasing risk adequate coverage.
With strong restructuring experience that has been proven, the appearance of Mr. Nguyen Duc Thuy promises to bring a new wind, promoting Sacombank's sustainable and cautious development in the coming period.
