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New chairman appointed at BIDVPhan Đức Tú, the new chairman of BIDV. — Photo ndh.vnHÀ NỘI — The State Bank of Việt Nam has appointed...

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New chairman appointed at BIDV

Phan Đức Tú, the new chairman of BIDV. — Photo ndh.vn

HÀ NỘI — The State Bank of Việt Nam has appointed Phan Đức Tú as the new chairman of the Bank for Investment and Development of Việt Nam (BIDV).

Prior to this appointment, Tú was a member of BIDV’s board of directors and general director of the bank.

Born in  一 九 六 四, Tú has a degree from the Banking University of HCM City and a masters in business administration.

He started working for BIDV in  一 九 八 七. From December  一 九 九 八 to February  二00 五, he was the director of the BIDV branch in Quảng Ngãi.

From March  二00 五 till May  二00 七, he was the head of the Organisation Board.

In June  二00 七, Tú was appointed deputy general director of the bank and moved to the position of general director in May  二0 一 二.

He is also the chairman of the Việt Nam Banks’ Association.

As the new chairman of the BIDV, Tú has the opportunity to make history through the sale of capital to partners from the Republic of Korea.

At the end of October, BIDV issued a document asking for shareholders’ opinions on a share offering to increase charter capital through the issuance of shares to strategic foreign investors.

BIDV plans to issue  六0 三 million shares, equivalent to  一 五 per cent of its charter capital.

The bank revealed the strategic foreign investor was the Republic of Korea’s KEB Hana Bank, a member of Hana Financial Group.

BIDV shares are fluctuating at around VNĐ 三0,000 (US$ 一. 二 八) at the moment. If BIDV successfully sells  六0 三 million shares to its Korean counterparts at the above price, it would cash in over VNĐ 一 八 trillion. — VNS

 

 

 

 

New chairman appointed at BIDV

 

New chairman appointed at BIDV