Mr. Nguyễn Đức Thụy appointed as CEO of SACOMBANK

Mr. Nguyễn Đức Thụy appointed as CEO of SACOMBANK, effective from 03/3/2026

The appointment comes at a pivotal time as SACOMBANK accelerates the final phase of its restructuring plan, focusing on enhancing operational efficiency, strengthening risk management, and reinforcing a solid foundation for sustainable growth. This decision reflects the Board’s consistent leadership philosophy, prioritizing executives who combine strategic vision, strong execution capabilities, extensive restructuring experience, and proven track records of implementation.

Born in 1976 in Ninh Binh Province, Mr. Nguyễn Đức Thụy graduated from Colorado State University (USA). He is a seasoned business leader with extensive experience and strategic insight, having held senior leadership roles at major enterprises and financial institutions, including Chairman of the Board at ThaiGroup Corporation, Thaiholdings Joint Stock Company, Xuan Thanh Securities Joint Stock Company (VIX), and Kim Lien Tourism Joint Stock Company, as well as Vice Chairman overseeing solar power projects at Xuan Thien Dak Lak.

In April 2021, Mr. Nguyễn Đức Thụy entered the banking sector as Vice Chairman of the Board of Directors at LPBank and was elected Chairman on 09/12/2022. Over more than three years in this role, he led comprehensive restructuring initiatives, streamlined organizational structures, strengthened governance frameworks, and accelerated digital transformation. These efforts resulted in stable operations, improved financial performance, and significant upgrades to the bank’s technology infrastructure. He completed his tenure at LPBank in December 2025 before joining SACOMBANK as Acting CEO.

Within just over two months as part of SACOMBANK’s executive team, Mr. Nguyễn Đức Thụy has implemented a series of transformative initiatives, including restructuring the organization into nine business divisions, targeting an optimized front-to-back staff ratio of 80:20, and transitioning to a vertical industry-based operating model effective 22/01/2026. These measures are aimed at enhancing efficiency, ensuring prudent and sustainable growth, and maximizing value for shareholders, partners, and customers.

At the same time, SACOMBANK continues to prioritize resolving legacy issues, reducing its non-performing loan (NPL) ratio, improving net interest margin (NIM), maintaining key safety indicators, and strengthening provision coverage. The Bank has also refreshed its brand identity and introduced a new brand ambassador, signaling a more dynamic, professional, and customer-centric phase of development.

With extensive experience in multi-industry corporate governance and hands-on leadership in banking restructuring, Mr. Nguyễn Đức Thụy is expected to further refine SACOMBANK’s operating model, strengthen its financial foundation, enhance governance practices, and lead the Bank into a new phase of safer, more efficient, and sustainable growth.