The Chairman and Vice Chairman of the Board of Directors of the Prosperity and Development Commercial Joint Stock Bank (PGBank) for the 2020-2025 term have stepped down. Cao Thi Thuy Nga has been elected as the new Chairwoman for the 2025-2030 term.

One of the key resolutions passed at the 2025 Annual General Meeting of Shareholders (AGM) of PGBank was the election of the new Board of Directors for the 2025-2030 term.

Pham Manh Thang, the Chairman of the Board for the 2020-2025 term and holder of 5% of PGBank's charter capital, has stepped down and will not participate in the new board.

Vice Chairman Dao Phong Truc Dai, who is associated with Thanh Cong Group, is also no longer a member of the PGBank Board.

The newly elected Board of Directors for the 2025-2030 term consists of five members, including two entirely new faces: Nguyen Van Huong, the bank’s CEO, and Nguyen Van Ty, a representative from Thanh Cong Group.

Cao Thi Thuy Nga, the newly appointed Chairwoman of PGBank, brings extensive experience in the banking and securities sectors.

Born in 1958, she has previously held positions such as Deputy CEO of MBBank, Chairwoman of MB Securities, Head of the Supervisory Board at MB Securities, and Board Member of Vietnam Business Consulting and Connection JSC.

Nguyen Van Huong, born in 1980, has held roles such as Regional Director (Region 4) and Director of the Direct Sales Channel for Personal Banking at VPBank; Head of Retail Banking at OCB; and Deputy CEO in charge of retail banking at OCB. He is currently the CEO of PGBank.

Vuong Phuc Chinh, born in 1975, has served as Regional Director for Region 3 at Techcombank; Regional Sales and Service Director at VPBank; and Regional Director of Sales and Service at SeABank.

Dinh Thanh Nghiep, a current board member, was previously the Director of Dong Thap Muoi Commercial Joint Stock Bank, the predecessor of PGBank. Since the transformation into an urban commercial bank, he has continuously served as a board member at PGBank.

Nguyen Van Ty, an independent board member born in 1957, has been an investment specialist at Thanh Cong Group since 2007.

Previously, PGBank had nominated Vu Tuan Anh, CEO of Thanh Cong Service and Infrastructure Company, to the board. However, on April 22, Tuan Anh withdrew his candidacy for the 2025-2030 term due to personal reasons.

The AGM also elected a new Supervisory Board consisting of four members. Three of them—Tran Ngoc Dung (Head of the Supervisory Board), Trinh Manh Hoan, and Ha Hong Mai—served in the previous term. The newly added member is Dinh Thuy Tram.

PGBank currently has a charter capital of approximately USD 165 million (VND 4,200 billion). The bank plans to increase its charter capital to around USD 393 million (VND 10,000 billion) in 2025 through a rights offering to existing shareholders and a stock dividend issuance.

As of March 31, 2025, three institutional shareholders each held at least 5% of PGBank's charter capital: Cuong Phat International JSC (13.54%), Vu Anh Duc Trading JSC (13.36%), and Gia Linh Import-Export and Trade Development Co., Ltd. (13.1%).

Tuan Nguyen