Sacombank names banking veteran Nguyen Xuan Ai Quoc as deputy chief — with profits tipped to surge 111%

The seasoned financier, a son of late film star Tham Thuy Hang, joins as the Vietnamese lender targets rapid growth and a major debt recovery.

Sai Gon Tai Loc Commercial Joint Stock Bank (Sacombank) has appointed veteran banker Nguyen Xuan Ai Quoc as Deputy General Director - as the lender prepares for a potentially bumper period of growth.

The appointment was announced on October 26 by the leadership team of Sacombank - formerly known as Sai Gon Thuong Tin Bank - and listed under the code STB.

Mr. Ai Quoc brings more than 20 years of experience in finance and banking. He graduated with distinction in commerce at RMIT University Vietnam before earning a Master of Accounting from the University of Tasmania in Australia. His CV includes senior management and executive roles at a string of major Vietnamese and international financial institutions, including ANZ, HSBC, VIB, Commonwealth Bank of Australia and Westpac.

In recent years, he has managed relationships with major institutional clients across several sectors and help execute large, complex financial deals. Sacombank said that experience will support the development of financial solutions tailored to clients' operations, cash flow and capital needs.

Away from banking career, Mr. Ai Quoc is known as one of the twin sons of the late film star Tham Thuy Hang. The actress had four sons; Mr. Ai Quoc was her third, and his twin brother is Nguyen Xuan Quoc Viet, who currently working and residing in the United States.

His arrival expands an executive board that previously comprised nine members - the General Director and eight Deputy General Directors.

The appointment also arrives as Sacombank sets it sights on ambitious expansion.

This year, the bank expects total assets to rise 10.2% to more than VND 1 trillion. Outstanding credit is targeted at VND 699,400 billion - up 11.7%, or in line with the growth limit assigned by the State Bank of Vietnam - while deposits are forecast to reach VND 921,300 billion, an increase of 10.2%.

Sacombank also aiming to keep its on-balance-sheet non-performing loan ratio below 5%.

SSI Research forecasted that Sacombank will deliver triple-digit profit growth in the 3rd quarter compared with the same period in 2025. The research house estimates a third-quarter profit at VND 5,800 billion - a striking 111% increase year on year, and 59% higher than in the previous quarter.

Sacombank was also expected to recover by the end of August 2026 the remaining process from the sale of debt linking to Phong Phu Industrial Park, equavalent to 6,400-6,500 billion.

Business & Integration - Vietnamese version:  Con trai cựu minh tinh màn bạc làm Phó Tổng Giám đốc Sacombank; reported by Thuy Duong