Vietnam appoints new financial committee chairman

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The government has appointed Vu Viet Ngoan to chair the National Financial Supervisory Committee, which monitors the country's banking sector, local media reported Monday.

Ngoan, vice chairman of the National Assembly's Economic Affairs Committtee, took the position late last week, replacing Le Duc Thuy, according to news website VnExpress.

The Financial Supervisory Committee was established in 2008. It is also in charge of supervising activities in the securities and insurance sectors. 

Thuy, a former central bank governor, served as its first chairman until his retirement in May.

Newswire VnEconomy said Ngoan, 53, was formerly CEO of Vietcombank, which is now the country's largest publicly traded bank. He has a doctorate degree in finance.

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