Truong Van Phuoc, general director of Eximbank cum vice chairman of the bank’s board of directors, has been appointed the Vice Chairman of the National Financial Supervisory Commission (NFSC) by the Prime Minister.

Phuoc stepped down as the CEO of Eximbank, coded EIB on Ho Chi Minh Stock Exchange, since the time of Prime Minister's decision takes effect on August 30. Before that, in early August, there was rumor about a resignation letter from the post of Eximbank CEO of Phuoc, and Phuoc would likely move to Hanoi to take an important position in a state agency in September.

At that time, Phuoc denied the rumor and proposed state investigating agency to launch an investigation into the case, the investigating agency was reported to take no move.

Mr. Truong Van Phuoc, who was born in 1959 in the central province of Quang Tri, earned a PhD in finance from the Ho Chi Minh City University of Economics. He served as Eximbank CEO from April 1, 2008 and also as Vice Chairman of the bank’s board of directors since May 11, 2012.

Before working for Eximbank, Phuoc worked for the Bank for Foreign Trade of Vietnam, better known as Vietcombank.

In addition, he used to work as the director of the Transaction Office under the State Bank of Vietnam (SBV), and head of Foreign Exchange Management Department under the central bank.

By the end of Wednesday, EIB share lost 2.1 percent day on day to VND14,200 per share after hitting the ceiling at VND14,500 per share earlier in the day.