The ABBANK Board of Directors has unanimously agreed to adjust senior personnel positions to strengthen the board’s leadership role and optimize the capabilities, strengths, and experience of its executives during this accelerated growth phase.
Mr. Vu Van Tien will assume the role of Chairman of the Board, while Mr. Dao Manh Khang will serve as Vice Chairman. As Chairman, Mr. Vu Van Tien will focus on strategic direction, comprehensive leadership, and regular oversight of the bank’s operations.
Additionally, the Board has approved a change in the CEO position to align with the bank’s new development phase.
Mr. Pham Duy Hieu will step down as CEO of ABBANK at his own request but will continue to support the bank as a member of the Human Resources Committee and the Sustainable Development Strategy Committee (ESG). Mr. Hieu will concentrate on training and mentoring teams, fostering community relations, and developing ESG ecosystem partnerships in line with the bank’s strategy.
Mr. Le Manh Hung, born in 1979, has been appointed Deputy CEO and will assume the duties and authority of the CEO of ABBANK effective November 14, 2025. With over 23 years of experience in finance and banking, Mr. Hung previously served as a Member of the Executive Board and Director of the Wholesale Banking Division at ABBANK since 2017.
Mr. Le Manh Hung assumes the role of Acting CEO of ABBANK from November 14, 2025
The restructuring of senior leadership aligns with the 2024 Law on Credit Institutions and ABBANK’s charter. This move is crucial for enhancing governance, management, and strategic implementation oversight, while maximizing the capabilities, experience, and commitment of key leaders at ABBANK.
Commenting on the new appointments, Mr. Vu Van Tien, Chairman of the Board, stated: “This leadership restructuring is part of ABBANK’s development strategy, aimed at enhancing our strategic management resources, ensuring the achievement of our growth targets in the coming years, and strengthening our organizational capabilities and unity. With a spirit of collaboration, responsibility, and dedication, we are confident that ABBANK will continue to leverage its collective strength, sustain robust growth, and create sustainable value for customers, shareholders, and employees.”
In 2025, ABBANK’s performance has shown significant positive results, reflecting the sound decisions of its leadership and the collective effort of the entire organization. Notably, pre-tax profit for the first 10 months exceeded 3,000 billion VND, achieving 167% of the annual plan. ABBANK has also optimized revenue while effectively controlling operational costs, reducing the cost-to-income ratio (CIR) to below 30% by the end of October 2025. Furthermore, the State Bank of Vietnam has approved ABBANK’s plan to increase its charter capital by over 3,600 billion VND. The bank is finalizing the necessary approvals to implement the capital increase, scheduled for early 2026.
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