Younger brother of Vietcombank's CEO nominated for SMC's board of directors

SMC Investment and Trade Joint Stock Company (SMC) has announced the list of valid candidates for election to its Board of Directors for the 2026–2031 term, with the slate including Le Quang Hai, the younger brother of Le Quang Vinh, CEO of Vietcombank. The company said five candidates will compete for Board seats at the upcoming annual general meeting on 24 April.

Board of Directors candidates for 2026–2031

Under the new resolution, three incumbents are standing for re-election: Pham Hoang Anh (current Chairman, born 1991), Kishimoto Hideki (born 1973), and Hoang Trung Dung (born 1987). Two new candidates are also on the ballot: Nguyen Ngoc Dang Khoa (born 1991) and Le Quang Hai (born 1979).

Le Quang Hai

SMC highlighted Le Quang Hai’s experience in finance and banking. His career includes serving as Director of Advisory at Mekong Securities (2009–2011), Director of Advisory at VPBank (2011–2021), and Deputy Head of Projects – Finance at VPBank (2012–2023). From 2016–2023, he was Head of the Supervisory Board at FE Credit, a VPBank subsidiary.

Nguyen Ngoc Dang Khoa

Nguyen Ngoc Dang Khoa is described as familiar to SMC through prior roles within the group. He holds a Master’s in Information Technology from the University of Technology in Sydney and has held key positions within the SMC system, including Deputy General Director of VSSC Steel Center (a Samsung C&T – SMC joint venture). He is currently Deputy Director of Business at SMC Phu My Precision Machinery Co., Ltd.

Supervisory Board candidates

SMC also named three candidates for the Supervisory Board: Dang Thi Thu Trang (born 1980), Thai Thi Van Anh (born 1977), and Le Thi Thanh Huyen (born 1991).

2026 business targets and capital raising

In preparatory documents for the shareholder meeting, SMC set 2026 output of 420 thousand tons of various steel products and revenue of 7,000 billion VND, both unchanged from the previous year. However, the company expects net profit after tax to fall sharply to 30 billion VND.

SMC plans to raise 550 billion VND through an equity issuance package that includes offering nearly 37 million shares to existing shareholders, a private placement of 15 million shares, and issuing approximately 3.7 million ESOP shares.

Restructuring plan for 2026–2031

SMC proposed a restructuring plan for the 2026–2031 period. The plan includes increasing capital for its two main subsidiaries in Phu My from 595 billion VND to 745 billion VND, alongside divesting or restructuring underperforming group companies.

HOSE update on stock warning status

Separately, HOSE announced that SMC’s stock would be removed from the warning list starting 13 April. The decision was based on SMC’s positive retained earnings as of 31 December 2025 of 40.49 billion VND and an unqualified audit opinion.