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Sacombank — Saigon Thuong Tin Joint Stock Commercial Bank — has announced changes in its senior management. Specifically, the board of directors has terminated the employment contract with Mr. Nguyen Thanh Nhung effective May 8, 2026. Mr. Nhung, born March 30, 1968, is a recent arrival at Sacombank but a respected and experienced figure in the finance and banking sector. Mr. Nhung holds a bachelor's degree in economics, a bachelor's degree in law from Ho Chi Minh City University of Law, and a master's in finance and banking from the University of Economics Ho Chi Minh City. With more than 30 years of experience in key banking areas such as accounting, compliance, credit, monetary operations, he previously served as Deputy General Director at Eximbank and as General Director of VietBank during 2014-2020. Notably, Nhung was appointed acting General Director of Sacombank from the end of May 2025, after Ms. Nguyen Duc Thach Diem left the post. However, only about seven months after Nhung was given the helm, Sacombank continued to undergo major top-level changes when Nguyen Duc Thuy was appointed acting General Director from December 23, 2025. Nhung then returned to the position of Deputy General Director. At the same time, Sacombank also implemented a series of other personnel changes, such as appointing Ms. Nguyen Thi Kieu Anh as Deputy General Director; appointing Mr. Ha Van Trung as Acting Deputy General Director; appointing Mr. Vu Minh Quan to the executive board. By the 2026 annual general meeting held at the end of April, Sacombank continued to consolidate governance at the top by electing Mr. Nguyen Duc Thuy to the Board. Subsequently, Thuy stepped down from executive duties to assume the role of Vice Chairman of the Board. Following this change, Sacombank appointed Mr. Loic Faussier to serve as acting General Director. He is a foreign executive with extensive experience at HSBC, VIB, SeABank and most recently LPBank. Alongside these senior management changes, Sacombank also implemented a new organizational model from mid-March 2026 to streamline operations, reduce intermediary layers, and accelerate coordination. Sacombank’s Q1 2026 financial report shows that as of the end of March 2026, the bank and its subsidiaries employed 14,080 people, down 2,736 from the end of 2025. The reductions were concentrated at the parent bank, with headcount decreasing from 15,851 to 13,281, a reduction of 2,570. Consequently, Sacombank’s workforce size was the lowest in more than 10 years (since 2015). The largest workforce in 2019–2020 was around 18,000. Thus, in recent years the bank has cut more than 4,000 employees. [Lãi suất ngân hàng Sacombank mới nhất tháng 5/2026: Kỳ hạn nào có lãi suất cao nhất?] Quang Hưng [According to Nhịp sống Thị trường, 05/11/2026 13:00 (GMT +7)]
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