Pham Hong Hai, upon receiving necessary approval from the State Bank of Viet Nam (SBV) and the HSBC Group, on Monday was officially unveiled as the new Chief Executive Officer (CEO) of HSBC Bank Viet Nam Ltd, becoming the first Vietnamese person to head operations at the Viet Nam’s foreign-owned bank.

Hai, 40, succeeds Sumit Dutta, who served as the CEO from May 2011 through July 2014 before moving to HSBC Indonesia.

Pham Hong Hai,40, is appointed the new Chief Executive Officer (CEO) of HSBC Bank Vietnam Ltd, becoming first Vietnamese person to head operations at the Viet Nam’s foreign-owned bank. Photo courtesy of HSBC Bank Viet Nam

Hai first joined HSBC in 1995 and then became the first ever Vietnamese national to be appointed head of Global Markets at HSBC Viet Nam in 2004 and head of Global Banking and Market (GB&M) in 2012.

Under his leadership, GB&M developed into one of the largest and most highly-regarded franchises among foreign banks in Viet Nam.

GB&M has assisted to facilitate numerous major deals for many years, such as closing the first local currency cross currency swap in Viet Nam in 2004, advising a top tier State-owned bank for the country’s first Tier 2 bond issuance in 2006, and advising another top State-owned bank to execute its first international bond issuance in 2012, and most recently, acting as the Joint Lead Manager and Joint Book Runner to issue $1 billion Viet Nam sovereign bonds in 2014.

Hai personally received a Certificate of Merit for excellence from Trade Union of the State Bank of Viet Nam for his contribution to the Banking industry of Viet Nam between 2011 and 2013. 

Hai holds a Bachelor's Degree in Business Administration from the University of Economics in Ho Chi Minh City and a Professional Diploma in Financial Services from the Institute of Financial Services in the UK.