Mr. Pham Hong Hai has nearly 30 years of experience and significant influence in the finance and banking industry in Vietnam. With his exceptional capabilities, he became the first and only Vietnamese to date to hold a senior leadership position at a foreign-owned bank, leading the organization to achieve numerous significant achievements with remarkable growth in scale and profitability.
Mr. Trinh Van Tuan, Chairman of the Board of Directors of OCB, expressed his confidence in the new CEO of the Bank. “With his capabilities and extensive experience in finance and bank management, Mr. Pham Hong Hai will continue to excel in leadership, creating new momentum, and, together with the members of the Executive Board, making significant contributions to the bank’s upcoming development journey,” said Mr. Tuan.
New CEO of OCB Pham Hong Hai
After serving as Acting CEO before the official appointment as per regulations, Mr. Hai shared that he will focus on three goals in the coming period.
First is to continue driving OCB’s growth and efficiency within the top private banks in Vietnam by accelerating digitization, automation, and simplifying processes to speed up customer service and enhance customer experience. Leveraging the bank’s strengths and solid foundation, we will enhance the provision of comprehensive financial solutions to the ecosystem of large corporate clients, including both individual and business customers within their supply chain. We will also focus on our “green” banking strategy, creating new business opportunities and contributing to the sustainable development of the Vietnamese economy.
Next is to build the OCB brand so that when people think of a Vietnamese bank operating with discipline, transparency, and efficiency, OCB comes to mind. In reality, market standards will continue to rise, and the entire Vietnamese banking system, including OCB, must gradually align with international requirements. The market has also started to differentiate between banks with sustainable development and those with rapid growth but higher risks. Therefore, adhering to operational norms will undoubtedly create a unique and long-lasting competitive advantage for OCB.
And finally, according to Mr. Pham Hong Hai, it is to develop the capabilities of the human resources team at the bank, laying the foundation for the sustainable strategy that OCB has been pursuing.
At the 2024 AGM, OCB set a pre-tax profit target of VND 6,885 billion for this year, a 66% increase compared to last year. The bank remains focused on retail and SME segments and restructuring its portfolio to diversify revenue streams.
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