The general director of An Binh Commercial Joint Stock Bank (ABBank) Duong Thi Mai Hoa has unexpectedly resigned from her position after just three months.

ABBank’s board of directors approved Hoa’s resignation for personal reasons on Thursday and has appointed Pham Duy Hieu in her place. Hieu will officially become the bank’s general director after receiving approval from the State Bank of Viet Nam.

Hoa took office at ABBank in May this year. Before joining ABBank, she was the CEO of giant property developer Vingroup for five years and held key positions at Maritime Bank and VIB. She also served as financial director of the US Oracle Group’s Oracle Vietnam Pte Ltd and as chief accountant of Credit Lyonnais Vietnam.

Pham Duy Hieu, who has 18 years of experience in the finance and banking industry, was also ABBank’s general director from 2012-15. In this position, he received the Vietnamese Distinguished Young Entrepreneur Award in 2014 thanks to his outstanding achievements and dedication to the bank.

However, Hieu resigned in 2015 to become CEO of Ecosystem Development of Startup Vietnam Foundation (SVF) - the first socialised and non-profit fund to support start-ups in Viet Nam. — VNS