In her letter, Ms. Nguyen Duc Thach Diem, CEO of Sacombank, announced her departure from the position of CEO after nearly eight years at the helm. The bank has not yet announced any succession plans.
In her farewell letter to the entire staff, Ms. Diem wrote, “I have officially completed the mission entrusted to me by the Board of Directors, concluding a journey with Sacombank: Safety – Efficiency – Sustainability during the two-decade restructuring period.”
Ms. Diem’s heartfelt letter to the team
Ms. Diem also reflected on her nearly eight-year journey with the bank, from the debt handling and restructuring phase to stabilizing its operations. She acknowledged that the process was not easy but imparted valuable lessons and left a lasting impact. “I lived, dared, and fully committed myself to that journey,” she shared.
Ms. Nguyen Duc Thach Diem, who was born in 1973 in Quang Ngai, is one of the few female leaders in Vietnam’s banking industry to have served for an extended period, coinciding with the restructuring of the Joint Stock Commercial Bank of Saigon Trade (Sacombank).
She joined Sacombank in 2002 as an accounting staff member. During her over two-decade tenure at the bank, she took on various roles in credit, customer service, internal inspection and control, debt handling, and regional management. Prior to her appointment as CEO, she served as Deputy CEO in charge of the Central South – Central Highlands region and then as Deputy CEO responsible for debt handling, a crucial area during the bank’s restructuring phase following the merger with Southern Bank.
In July 2017, Ms. Diem was appointed as the CEO of Sacombank, succeeding Mr. Phan Huy Khang. She has been at the forefront of the bank’s nearly eight-year restructuring process, navigating challenges related to managing non-performing assets and maintaining system stability post-merger.
Under Ms. Nguyen Duc Thach Diem‘s leadership, Sacombank achieved notable milestones during the restructuring period. The bank’s non-performing loan ratio dropped below 2% in 2020. Pre-tax profit in 2019 exceeded VND 3,200 billion, surpassing the set target. Additionally, the bank made significant progress in resolving stagnant assets, enhancing operational efficiency, and strengthening risk management.
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“The Appointment of Mr. Nguyen Thanh Nhung as Acting CEO of Sacombank”
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