Mr. Nguyen Duc Thuy Steps Down as Chairman of LPBank
Mr. Nguyen Duc Thuy assumes the role of Acting CEO at Sacombank.
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Following the completion of his handover process at LPBank, Mr. Nguyen Duc Thuy has officially taken on the position of Acting CEO at Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank, HOSE: STB).
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On the morning of December 23, LPBank (HOSE: LPB) held an extraordinary shareholders’ meeting in Ninh Binh. During the meeting, Mr. Nguyen Duc Thuy, Chairman of the Board, and Mr. Nguyen Van Thuy, Vice Chairman of the Board, both resigned from their positions as Board members due to personal reasons. Additionally, LPBank proposed electing Mr. Ho Nam Tien, Vice Chairman of the Board, as the new Chairman of the Board, effective from December 23, 2025 (term 2023-2028). |
Mr. Nguyen Duc Thuy (born in 1976, from Ninh Binh) graduated from Colorado State University, USA. Before entering the banking sector, he led several large enterprises across diverse industries. From 2006 to 2016, he served as chairman of companies such as Xuan Thanh Group, Saigon Xuan Thanh Football Club, Xuan Thanh Securities Company, Xuan Thanh Cement Companies in Ha Nam and Quang Nam, and Kim Lien Hotel. Between 2017 and 2019, he held the position of Vice Chairman for the Xuan Thien solar power projects and Chairman of Thaiholdings Group.
In April 2021, he joined the banking industry as Vice Chairman of the Board at LienVietPostBank (now LPBank), and was later elected as Chairman of the Board from December 9, 2022, until the end of 2025.
On the HOSE market, STB shares rose to the ceiling for two consecutive sessions, closing the morning session on December 23 at 56,000 VND/share with a trading volume of nearly 12 million shares.
| Price movement of STB shares since the beginning of the year |
– 12:54 23/12/2025
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