Dương Công Minh: The Steadfast Leadership Pillar Steering Sacombank Through Transition

Sacombank's announcement of Mr. Nguyen Duc Thuy as Acting CEO has captured significant market attention. Amid leadership adjustments, the role of Mr. Duong Cong Minh, Chairman of Sacombank's Board of Directors, remains a strategic cornerstone, ensuring stability and consistency in the bank's development trajectory.

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According to the bank’s governance model, the Chairman of the Board of Directors holds the highest leadership role, responsible for strategic direction, oversight, and decision-making on critical organizational matters. Throughout his tenure at Sacombank, Mr. Duong Cong Minh has been instrumental in shaping the bank’s long-term trajectory, steering key policies and initiatives.

The recent change in the Acting CEO position is viewed as a necessary adjustment within the executive team, aimed at enhancing operational flexibility and efficiency in day-to-day management. Meanwhile, the Chairman’s role remains consistent and stable, serving as a cornerstone for maintaining governance order and strategic coherence at Sacombank.

Recently, the Board of Directors authorized Mr. Duong Cong Minh to act as the bank’s legal representative in civil transactions and litigation. This decision carries both legal and operational significance, underscoring the unity in Sacombank’s governance and management, particularly during this leadership transition phase.

In this context, the Chairman’s direct assumption of legal representation ensures operational continuity and reinforces confidence that Sacombank’s critical decisions will remain rooted in a unified governance framework.

With a steadfast leadership pillar at the Board level and a progressively strengthened executive team, Sacombank is poised to maintain stable operations, adhere to its established strategy, and lay the groundwork for its next phase of growth.

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