In a move signaling a continued push for stability, Vietnam Export-Import Commercial Joint Stock Bank (Eximbank) has named a new chairman of the board of directors. Nguyen Canh Anh, a seasoned financial expert, replaces Do Ha Phuong, who will assume the role of vice chairwoman.

The leadership change comes during a transformative period for Eximbank. Mr. Anh, who holds a master's degree in international financial management and boasts nearly two decades of experience in auditing, accounting, investment, and financial management, is expected to build upon the existing foundation while driving innovation within the bank's development strategy.

Mr. Anh's appointment coincides with the election of Mr. Nguyen Ho Nam to Eximbank's board of directors, bolstering the bank's leadership structure with a chairman and four vice presidents.

Eximbank's focus for 2024 centers on ambitious growth. The bank aims to achieve a pre-tax profit of roughly $203 million (VND 5,180 billion), representing a remarkable 90.4% increase compared to 2023.

Other key performance indicators slated for growth reflect Eximbank's ambitious plans. Total assets are projected to reach $8.76 billion (VND 223,500 billion), representing an impressive 11% increase.

The bank also anticipates a significant 14.6% increase in outstanding credit loans, with an estimated total of $6.31 billion (VND 161,000 billion). Furthermore, Eximbank aims to achieve a 10.5% growth expectation in capital mobilization, targeting a total of $6.86 billion (VND 175,000 billion).

A key priority for Eximbank's new leadership will be maintaining a bad debt ratio on total credit balance at a controlled 1.8%. This focus on financial health demonstrates Eximbank's dedication to building a robust financial institution.

The leadership transition and ambitious growth targets highlight a dynamic period for Eximbank. Investors and observers will closely monitor the bank's progress as it navigates the challenges and opportunities of the Vietnamese banking sector.