MASTER ENTREPRENEUR CATEGORY
Tran Hung Huy
Chairman of Asia Commercial Bank
Information about Entrepreneur
Tran Hung Huy, Chairman of Asia Commercial Bank (ACB or the bank), was born in Ho Chi Minh City in 1978. Initially, the bank followed a strategy of simple rules, characterized by a focus on the pursuit of opportunities, growth, and building of its source of advantage with key processes and simple rules. By end-2011, the bank became the largest in terms of assets among the joint-stock banks, only smaller than the big four state-owned commercial banks. The bank so far has been considered well-managed with sustainable growth and increased value for its stakeholders.
In August 2012, the chairman of the board, an independent director, resigned after a serious corporate governance incident, which resulted in a few-days bank run that made its total assets drop by nearly one-third, and its profitability deteriorated. Mr. Tran Hung Huy, then 34 years old and a director in 2006; was elected to succeed the chairmanship and has chaired the board since then.
Chairman Huy earned his bachelor’s degree with three majors in business administration, finance, and international business in 2000 and an MBA in 2002, both from Chapman University (USA); and he earned his DBA from Golden Gate University (USA) in 2010. He joined ACB as a market research officer in 2002 and later was appointed Deputy CEO in 2008 and functioned as Chief HR Officer. He earned his experience in investment banking when working in the M&A advisory team of Rothschild Group (UK) from 2010 to 2011.
Other Interesting Facts about Entrepreneur
During the first few years under his chairmanship, the board and the management were successful in recovering the bank’s deposit size and improving profitability. Besides, the sources of funding are more diverse and stable. From late 2012 through 2021 ACB has been transformed into a resilient and competitive organization under his chairmanship. Leadership practices are characterized by the following: building vision and core values, developing strategies, restructuring the bank, going back to the basics in the banking business, focusing on building people and cultural change, leading innovation, and promoting environmental conscientiousness among employees and customers.
Tran Hung Huy, Chairman of Asia Commercial Bank (ACB or the bank), was born in Ho Chi Minh City in 1978. Initially, the bank followed a strategy of simple rules, characterized by a focus on the pursuit of opportunities, growth, and building of its source of advantage with key processes and simple rules. By end-2011, the bank became the largest in terms of assets among the joint-stock banks, only smaller than the big four state-owned commercial banks. The bank so far has been considered well-managed with sustainable growth and increased value for its stakeholders.
In August 2012, the chairman of the board, an independent director, resigned after a serious corporate governance incident, which resulted in a few-days bank run that made its total assets drop by nearly one-third, and its profitability deteriorated. Mr. Tran Hung Huy, then 34 years old and a director in 2006; was elected to succeed the chairmanship and has chaired the board since then.
Chairman Huy earned his bachelor’s degree with three majors in business administration, finance, and international business in 2000 and an MBA in 2002, both from Chapman University (USA); and he earned his DBA from Golden Gate University (USA) in 2010. He joined ACB as a market research officer in 2002 and later was appointed Deputy CEO in 2008 and functioned as Chief HR Officer. He earned his experience in investment banking when working in the M&A advisory team of Rothschild Group (UK) from 2010 to 2011.
Other Interesting Facts about Entrepreneur
During the first few years under his chairmanship, the board and the management were successful in recovering the bank’s deposit size and improving profitability. Besides, the sources of funding are more diverse and stable. From late 2012 through 2021 ACB has been transformed into a resilient and competitive organization under his chairmanship. Leadership practices are characterized by the following: building vision and core values, developing strategies, restructuring the bank, going back to the basics in the banking business, focusing on building people and cultural change, leading innovation, and promoting environmental conscientiousness among employees and customers.
Company Achievements & Role as Entrepreneur
ACB has continuously expanded in scale and quality, up to now, ACB currently has 12,112 employees operating in 371 outlets in 49 provinces and cities nationwide, serving more than 2.8 million active customers.
These achievements have been widely recognized by the finance community and major ratings organizations such as Moody's (Ba3) and Fitch (B+).
Enterprise Asia awarded him with "Outstanding Entrepreneur" in 2019, and “Masteur Entrepreneur” in 2020, 2021, and 2022. ACB has also achieved many prestigious domestic and international awards including “Bank of the Year in Vietnam 2019” by The Banker and "Best Companies to Work for in Asia” for four years consistently by HR Asia. It could be said that he is also a strong believer and champion of the environment. He launched the campaign "Close to O” to promote an environmental protection culture to employees and customers of the bank.
Vision, Mission, & Future Plans
Under Mr. Tran Hung Huy’s guidance, ACB continues to strengthen its competitive position in the market to continue sustainable development. ACB focuses on investing in technology systems, human resources, and brand innovation such as Setting up units and their operations and structure relating to the application of Basel II standards in 2019; Continuing to boost the retail banking business; Continuing to utilize the potential of bancassurance, bankcards, and priority banking services; Further define targeted customer segments and key economic sectors to build appropriate policies and offer great customer experiences; Build an ecosystem to break through customer acquisition; Create an innovation culture to transition ACB closer to an advanced fintech model; Focus on improving the positioning, market share, and profitability of ACB branches and sub-branches in key markets; Train and develop human resources for improved productivity; Continue reviewing talents for succession planning. It is recognized that Chairman Huy led ACB to overcome the impact of the August 2012 incident (2012 – 2014) and resolution of legacy issues. Not only that, building vision, core values, and a development strategy with strategic objectives to 2024 and lastly, managing the bank efficiently and sustainably, making ACB one of the top banks in Vietnam in terms of sustainable growth, asset quality, and profitability are some of the key milestones under his leadership.
ACB has continuously expanded in scale and quality, up to now, ACB currently has 12,112 employees operating in 371 outlets in 49 provinces and cities nationwide, serving more than 2.8 million active customers.
These achievements have been widely recognized by the finance community and major ratings organizations such as Moody's (Ba3) and Fitch (B+).
Enterprise Asia awarded him with "Outstanding Entrepreneur" in 2019, and “Masteur Entrepreneur” in 2020, 2021, and 2022. ACB has also achieved many prestigious domestic and international awards including “Bank of the Year in Vietnam 2019” by The Banker and "Best Companies to Work for in Asia” for four years consistently by HR Asia. It could be said that he is also a strong believer and champion of the environment. He launched the campaign "Close to O” to promote an environmental protection culture to employees and customers of the bank.
Vision, Mission, & Future Plans
Under Mr. Tran Hung Huy’s guidance, ACB continues to strengthen its competitive position in the market to continue sustainable development. ACB focuses on investing in technology systems, human resources, and brand innovation such as Setting up units and their operations and structure relating to the application of Basel II standards in 2019; Continuing to boost the retail banking business; Continuing to utilize the potential of bancassurance, bankcards, and priority banking services; Further define targeted customer segments and key economic sectors to build appropriate policies and offer great customer experiences; Build an ecosystem to break through customer acquisition; Create an innovation culture to transition ACB closer to an advanced fintech model; Focus on improving the positioning, market share, and profitability of ACB branches and sub-branches in key markets; Train and develop human resources for improved productivity; Continue reviewing talents for succession planning. It is recognized that Chairman Huy led ACB to overcome the impact of the August 2012 incident (2012 – 2014) and resolution of legacy issues. Not only that, building vision, core values, and a development strategy with strategic objectives to 2024 and lastly, managing the bank efficiently and sustainably, making ACB one of the top banks in Vietnam in terms of sustainable growth, asset quality, and profitability are some of the key milestones under his leadership.
MASTER ENTREPRENEUR CATEGORY
Tran Hung Huy
Chairman of Asia Commercial Bank
Information about Entrepreneur
Tran Hung Huy, Chairman of Asia Commercial Bank (ACB or the bank), was born in Ho Chi Minh City in 1978. Initially, the bank followed a strategy of simple rules, characterized by a focus on the pursuit of opportunities, growth, and building of its source of advantage with key processes and simple rules. By end-2011, the bank became the largest in terms of assets among the joint-stock banks, only smaller than the big four state-owned commercial banks. The bank so far has been considered well-managed with sustainable growth and increased value for its stakeholders.
In August 2012, the chairman of the board, an independent director, resigned after a serious corporate governance incident, which resulted in a few-days bank run that made its total assets drop by nearly one-third, and its profitability deteriorated. Mr. Tran Hung Huy, then 34 years old and a director in 2006; was elected to succeed the chairmanship and has chaired the board since then.
Chairman Huy earned his bachelor’s degree with three majors in business administration, finance, and international business in 2000 and an MBA in 2002, both from Chapman University (USA); and he earned his DBA from Golden Gate University (USA) in 2010. He joined ACB as a market research officer in 2002 and later was appointed Deputy CEO in 2008 and functioned as Chief HR Officer. He earned his experience in investment banking when working in the M&A advisory team of Rothschild Group (UK) from 2010 to 2011.
Other Interesting Facts about Entrepreneur
During the first few years under his chairmanship, the board and the management were successful in recovering the bank’s deposit size and improving profitability. Besides, the sources of funding are more diverse and stable. From late 2012 through 2021 ACB has been transformed into a resilient and competitive organization under his chairmanship. Leadership practices are characterized by the following: building vision and core values, developing strategies, restructuring the bank, going back to the basics in the banking business, focusing on building people and cultural change, leading innovation, and promoting environmental conscientiousness among employees and customers.
Tran Hung Huy, Chairman of Asia Commercial Bank (ACB or the bank), was born in Ho Chi Minh City in 1978. Initially, the bank followed a strategy of simple rules, characterized by a focus on the pursuit of opportunities, growth, and building of its source of advantage with key processes and simple rules. By end-2011, the bank became the largest in terms of assets among the joint-stock banks, only smaller than the big four state-owned commercial banks. The bank so far has been considered well-managed with sustainable growth and increased value for its stakeholders.
In August 2012, the chairman of the board, an independent director, resigned after a serious corporate governance incident, which resulted in a few-days bank run that made its total assets drop by nearly one-third, and its profitability deteriorated. Mr. Tran Hung Huy, then 34 years old and a director in 2006; was elected to succeed the chairmanship and has chaired the board since then.
Chairman Huy earned his bachelor’s degree with three majors in business administration, finance, and international business in 2000 and an MBA in 2002, both from Chapman University (USA); and he earned his DBA from Golden Gate University (USA) in 2010. He joined ACB as a market research officer in 2002 and later was appointed Deputy CEO in 2008 and functioned as Chief HR Officer. He earned his experience in investment banking when working in the M&A advisory team of Rothschild Group (UK) from 2010 to 2011.
Other Interesting Facts about Entrepreneur
During the first few years under his chairmanship, the board and the management were successful in recovering the bank’s deposit size and improving profitability. Besides, the sources of funding are more diverse and stable. From late 2012 through 2021 ACB has been transformed into a resilient and competitive organization under his chairmanship. Leadership practices are characterized by the following: building vision and core values, developing strategies, restructuring the bank, going back to the basics in the banking business, focusing on building people and cultural change, leading innovation, and promoting environmental conscientiousness among employees and customers.
Company Achievements & Role as Entrepreneur
ACB has continuously expanded in scale and quality, up to now, ACB currently has 12,112 employees operating in 371 outlets in 49 provinces and cities nationwide, serving more than 2.8 million active customers.
These achievements have been widely recognized by the finance community and major ratings organizations such as Moody's (Ba3) and Fitch (B+).
Enterprise Asia awarded him with "Outstanding Entrepreneur" in 2019, and “Masteur Entrepreneur” in 2020, 2021, and 2022. ACB has also achieved many prestigious domestic and international awards including “Bank of the Year in Vietnam 2019” by The Banker and "Best Companies to Work for in Asia” for four years consistently by HR Asia. It could be said that he is also a strong believer and champion of the environment. He launched the campaign "Close to O” to promote an environmental protection culture to employees and customers of the bank.
Vision, Mission, & Future Plans
Under Mr. Tran Hung Huy’s guidance, ACB continues to strengthen its competitive position in the market to continue sustainable development. ACB focuses on investing in technology systems, human resources, and brand innovation such as Setting up units and their operations and structure relating to the application of Basel II standards in 2019; Continuing to boost the retail banking business; Continuing to utilize the potential of bancassurance, bankcards, and priority banking services; Further define targeted customer segments and key economic sectors to build appropriate policies and offer great customer experiences; Build an ecosystem to break through customer acquisition; Create an innovation culture to transition ACB closer to an advanced fintech model; Focus on improving the positioning, market share, and profitability of ACB branches and sub-branches in key markets; Train and develop human resources for improved productivity; Continue reviewing talents for succession planning. It is recognized that Chairman Huy led ACB to overcome the impact of the August 2012 incident (2012 – 2014) and resolution of legacy issues. Not only that, building vision, core values, and a development strategy with strategic objectives to 2024 and lastly, managing the bank efficiently and sustainably, making ACB one of the top banks in Vietnam in terms of sustainable growth, asset quality, and profitability are some of the key milestones under his leadership.
ACB has continuously expanded in scale and quality, up to now, ACB currently has 12,112 employees operating in 371 outlets in 49 provinces and cities nationwide, serving more than 2.8 million active customers.
These achievements have been widely recognized by the finance community and major ratings organizations such as Moody's (Ba3) and Fitch (B+).
Enterprise Asia awarded him with "Outstanding Entrepreneur" in 2019, and “Masteur Entrepreneur” in 2020, 2021, and 2022. ACB has also achieved many prestigious domestic and international awards including “Bank of the Year in Vietnam 2019” by The Banker and "Best Companies to Work for in Asia” for four years consistently by HR Asia. It could be said that he is also a strong believer and champion of the environment. He launched the campaign "Close to O” to promote an environmental protection culture to employees and customers of the bank.
Vision, Mission, & Future Plans
Under Mr. Tran Hung Huy’s guidance, ACB continues to strengthen its competitive position in the market to continue sustainable development. ACB focuses on investing in technology systems, human resources, and brand innovation such as Setting up units and their operations and structure relating to the application of Basel II standards in 2019; Continuing to boost the retail banking business; Continuing to utilize the potential of bancassurance, bankcards, and priority banking services; Further define targeted customer segments and key economic sectors to build appropriate policies and offer great customer experiences; Build an ecosystem to break through customer acquisition; Create an innovation culture to transition ACB closer to an advanced fintech model; Focus on improving the positioning, market share, and profitability of ACB branches and sub-branches in key markets; Train and develop human resources for improved productivity; Continue reviewing talents for succession planning. It is recognized that Chairman Huy led ACB to overcome the impact of the August 2012 incident (2012 – 2014) and resolution of legacy issues. Not only that, building vision, core values, and a development strategy with strategic objectives to 2024 and lastly, managing the bank efficiently and sustainably, making ACB one of the top banks in Vietnam in terms of sustainable growth, asset quality, and profitability are some of the key milestones under his leadership.