SeABank's Board approved a 15% cut to its 2026 pre-tax profit target, to 6,008 billion VND, in line with government and State Bank of Vietnam directives to support businesses and lower interest rates. The bank will reduce deposit rates by 0.5% to 0.7% per year for terms of 6 months or longer, creating room to lower lending rates with priority for SMEs and green projects. The Board accepted the resignation of Chairman Lê Văn Tần and elected board member Trần Thị Thanh Thủy as Chair for the 2023-2028 term, effective October 22, 2026. Mr. Tần is being proposed as CEO, replacing Lê Quốc Long whose three-year term (11/2023 to 11/2026) is ending, pending approval from the State Bank of Vietnam. Ms. Thủy, born in 1965, previously spent more than 26 years at Vietcombank and joined SeABank in 2015 as Deputy CEO.
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Original headline: SeABank điều chỉnh kế hoạch kinh doanh 2026 và bầu Chủ tịch HĐQT mới
Keywords
banksinterest ratesState Bank of Vietnam
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Related tickers and likely impact
SSB
• NeutralSeABank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 55,674 bn VND |
| P/E | 18.6 |
| P/B | 1.32 |
| Close on 10/23/2026 | 16.65 |
| Change that session | +3.74% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- SeABank Cuts 2026 Business Plan and Elects New Board Chairwoman
SeABank has cut its 2026 pre-tax profit target by 15% to VND 6,008 billion, down about VND 1,060 billion from the previous implied level of roughly VND 7,068 billion. The bank said it has lowered deposit rates by 0.5-0.7% per year for terms of 6 months or more, creating room to reduce lending rates, while focusing credit on priority sectors, SMEs, green projects and firms with sound finances. On leadership, the board approved Chairman Lê Văn Tần's resignation, and he is being prepared for submission to the State Bank of Vietnam for appointment as General Director, replacing Lê Quốc Long at the end of his term. Trần Thị Thanh Thủy was elected Chairwoman for the 2023-2028 term, effective October 22, 2026. The board now has 8 members, including 2 independent and 3 foreign members.
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