According to the new supplement document of Vietcombank, eight candidates will be included in the nominated list for the Board of Directors in 2018.
However, the number of new Board members proposed for shareholders approval is 11 people, which means there will be three vacancies to be appointed in the next years.
Most of the candidates are current Board members except for Hong Quang, Head of Personnel and Organisation at Vietcombank and Truong Gia Binh, Chairman of FPT, Head of the Private Economic Development Research Board.
FPT also known as The Corporation for Financing and Promoting Technology is the biggest information technology service enterprise in Vietnam with the foundation of its business mainly specialized in the supplies of IT-related services. Currently, FPT is also providing services for several banks in the country.
Having Truong Gia Binh as a member of the Board will surely open up a cooperation opportunity for Vietcombank and FPT.
Especially in 2018, Vietcombank plans to expand and develop their internet banking services including evolution of sales channels into electronic transactions, fintech model development, expansion of payment acceptance network, cultivation and implementation of digital banking project and application of 4.0 technology to develop smart banking.
Vietcombank is the most profited bank in the industry, it aims to get a pre-tax profit of $580 million in 2018, an increase of 14.6 percent compared to 2017.
In the longer term between 2018 and 2023, Vietcombank targets to grow their total asset by 13 percent annually, maintaining their ROE (return on equity) at 15 percent and bad debt ratio at below one percent.