Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has officially appointed Nguyen Duc Thuy as its Chief Executive Officer, effective March 3, 2026.

According to Sacombank, the State Bank of Vietnam approved the proposed appointment of Nguyen Duc Thuy to the CEO position. Following this approval, Sacombank’s Board of Directors convened and issued the formal decision.

The leadership consolidation comes as Sacombank accelerates the completion of its restructuring plan, focusing on improving operational efficiency, strengthening risk management and reinforcing a foundation for sustainable growth.

From acting CEO to official appointment

Previously, Nguyen Duc Thuy had been appointed Acting CEO of Sacombank from December 23, 2025.

Shortly after leaving his position as Chairman of LPBank, he assumed the acting role at Sacombank. The bank soon introduced a refreshed brand identity and launched a series of structural changes.

Under his direction, Sacombank streamlined its organizational structure into nine operational divisions and adjusted its front-office and back-office personnel ratio toward an 80%–20% model. The bank also shifted to a vertical management structure starting January 22, 2026.

Recently, Sacombank announced that its 2026 Annual General Meeting of Shareholders will be held in Phu Tho Province - marking the first time the bank has organized the event outside Ho Chi Minh City. The meeting is scheduled for April 22, 2026, at the Sai Gon – Phu Tho Hotel in Viet Tri.

Background and banking experience

Born in 1976 in Ninh Binh Province, Nguyen Duc Thuy graduated from the University of Colorado in the United States.

He previously held senior leadership positions at several major enterprises and financial institutions, including roles as Chairman at Thaiholdings, Xuan Thanh Securities (VIX) and Kim Lien Tourism, as well as Vice Chairman of Xuan Thien Dak Lak solar power projects.

In April 2021, he officially entered the banking sector as Vice Chairman of LPBank’s Board of Directors and was elected Chairman on December 9, 2022.

During more than three years in that role, he spearheaded restructuring initiatives, streamlined operations, modernized governance and promoted digital transformation, contributing to improved financial indicators and upgraded technology systems.

At the end of December 2025, he concluded his tenure at LPBank and joined Sacombank as Acting CEO before being formally appointed CEO in March 2026.

Manh Ha