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New CEO of OCB, Pham Hong Hai
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Mr. Pham Hong Hai brings almost three decades of experience and influence in Vietnam’s finance and banking sector. 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 it to numerous significant achievements with remarkable growth in scale and profitability.
Mr. Trinh Van Tuan, Chairman of the Board of Directors at OCB, expressed his confidence in the new CEO: “With his capabilities and extensive experience in finance and bank management, Mr. Pham Hong Hai will continue to excel in his leadership role, bringing new momentum and, together with the Executive Board members, making great contributions to the bank’s upcoming development journey.”
After serving as the Acting CEO before his official appointment, Mr. Hai shared his three main goals for the future. Firstly, he aims to continue driving OCB‘s growth and efficiency within the top private banks in Vietnam by enhancing digitization, automation, and simplifying processes to speed up customer service and enhance their experience. He plans to leverage the bank’s strong foundation to provide comprehensive financial solutions to the ecosystem of large corporate clients, including both individuals and businesses within their supply chains. A focus on “green” banking strategies will also create new business opportunities and contribute to the sustainable development of Vietnam’s economy.
Secondly, Mr. Hai wants to build the OCB brand so that when people think of a well-organized, professional, transparent, and efficient Vietnamese bank, they immediately think of OCB. As the market standards continue to rise, the entire banking system, including OCB, needs to gradually align with international market requirements. The market is already witnessing a differentiation 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.
Finally, he emphasizes the importance of developing the capabilities of the bank’s human resources as a foundation for the sustainable strategy that OCB has been pursuing. At the 2024 Annual General Meeting, OCB set a profit-before-tax target of VND 6,885 billion, a 66% increase from the previous year. The bank remains focused on retail and the SME segment, restructuring its portfolio to diversify its revenue streams.
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