In accordance with Decision No. 179 / QD-NHNN dated January 31, 2024 of the Governor of the State Bank of Vietnam on the transfer, appointment of Mr. Nguyen Duc Cuong – Deputy Director of the Department of Issue and Cash Store of the State Bank of Vietnam holds the position of Chairman of the Council of Members of the National Money Printing Plant, the term of office of Mr. Nguyen Duc Cuong is 05 years from February 15, 2024.

Previously, Mr. Cuong resigned from the position of Head of the Department of Debt Settlement of the Credit Department of the Economic Branches and was appointed Deputy Director of the Department of Issue and Cash Store of the State Bank of Vietnam from December 1, 2017.

Deputy Standing Governor Dao Minh Tu (left) handing over the Decision on transfer, appointment to Mr. Nguyen Duc Cuong (right)

Also on February 15, the State Bank of Vietnam announced the Decision of the Governor of the State Bank of Vietnam on the appointment of Mr. Le Thai Nam, Chairman of the Council of Members of the National Money Printing Plant holding the position of member specializing in the Board of Directors of CIC from February 15, 2024. The term of office of Mr. Le Thai Nam is from the date of transfer, appointment until retirement age as prescribed.

Previously, Mr. Le Thai Nam was Deputy Head of the Organization Department of the State Bank of Vietnam and was appointed Chairman of the Council of Members of the National Money Printing Plant from September 15, 2019.

Deputy Governor of the State Bank of Vietnam Pham Tien Dung (right) handing over the Decision on appointment to Mr. Le Thai Nam (left)

The national money printing plant is a wholly state-owned member limited liability company. The business line is printing, casting money, producing gold pieces, souvenirs, gold and paper documents priced according to the assigned plan of the Governor of the State Bank of Vietnam.