Ms. Do Ha Phuong becomes the new Chairwoman of Eximbank

Vietnam Export Import Commercial Joint Stock Bank (Eximbank, HoSE: EIB) has just issued a Resolution on dismissing Ms. Luong Thi Cam Tu from the position of Chairwoman of the Board of Directors from June 28, 2023 and electing Ms. Do Ha Phuong to hold this position for the 7th term (2020 - 2025).

Eximbank said that to reach the decision to appoint this important personnel, the Board of Directors of Eximbank held a meeting in accordance with regulations. Accordingly, Ms. Do Ha Phuong received the trust and support of the bank's Board of Directors members.

Ms. Do Ha Phuong, born in 1984, has more than 15 years of experience in the field of Finance - Banking. She joined Eximbank as a member of the Board of Directors since February 2022 and has made practical and timely contributions to the stability and development of Eximbank in recent times.

Ms. Phuong completed her Master of Finance program at the University of Westminster (UK) and Bachelor of Accounting at George Mason University (USA). She has held many senior management and executive positions at many domestic and foreign credit institutions.

Finance - Banking - Ms. Do Ha Phuong becomes the new Chairwoman of Eximbank — New Chairman of Eximbank Board of Directors Do Ha Phuong.

Notably, recently, the Banking Inspection and Supervision Agency, under the State Bank, has issued a document on the governance and management of Eximbank.

The reason for the Inspectorate's request is that on June 21, 2023, the Board of Directors of Eximbank convened an extraordinary meeting of the Board of Directors to dismiss the current Chairman of the Board of Directors and General Director of Eximbank, elect a new Chairman, and appoint a new acting General Director.

The extraordinary meeting could not be held due to the absence of two out of five members of the Board of Directors, while according to the law, the meeting can only take place when at least 65% of the members attend.

Eximbank is a bank that has undergone many high-level personnel changes after a series of major shareholders withdrew capital from this bank since October 2022.

By the beginning of this year, the bank had basically completed the structure of the Board of Directors at the 2nd Extraordinary General Meeting of Shareholders. And by April, Eximbank had also successfully organized the 2023 Annual General Meeting of Shareholders.

Regarding the business plan, in 2023, Eximbank sets a target of total assets reaching VND 210,000 billion, an increase of 13.5%; pre-tax profit reaching VND 5,000 billion, an increase of 35% compared to 2022 .

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