Vinh shared his insights at the Việt Nam Future Economy Summit 2025. Photos courtesy of SHB

HÀ NỘI — Driven by innovation, a readiness to break new ground and strong belief in the potential of Vietnamese businesses, continuity, sustainable growth and a robust private sector are essential to advancing the country’s development.

Đỗ Quang Vinh, Vice Chairman of the Board of Directors and Deputy CEO of Saigon – Hanoi Commercial Joint Stock Bank (SHB), shared these insights at the Việt Nam Future Economy Summit 2025, organised by Bloomberg Businessweek Vietnam, during the panel discussion 'New Leadership Mindset: From Legacy to Breakthrough'.

At the event, Vinh highlighted the growing influence of young leaders who are helping drive digital transformation, inspire organisational change and strengthen the role of Vietnamese enterprises in shaping the nation’s prosperity.

According to Vinh, 2025 marks a defining moment for the Vietnamese economy, as Resolution 68 formally identifies the private sector as one of the central drivers of national development. Combined with key resolutions on science and technology, institutional reform and international integration, this 'strategic quartet' creates strong momentum for Việt Nam as it moves toward its 2045 vision.

He noted that, alongside opportunities from digital transformation, green finance and new consumption trends, businesses must also navigate global volatility, technological disruption and rising expectations for transparency and governance.

"Courage, adaptability and confidence from the leadership team will determine whether we seize opportunities or let them pass,” he said.

Vinh at the panel discussion.

Within Việt Nam’s financial system, SHB stands among the Top 5 private banks by charter capital. Vinh shared that the bank’s legacy is reflected not only in its scale and position after 32 years of development, but also in its economic, social and cultural contributions.

In 2012, SHB became a pioneer in banking sector restructuring through its landmark merger with Habubank, a transaction considered one of the most significant in the industry’s history. The bank also plays an active role in financing major infrastructure projects, renewable energy, green agriculture, and export sectors, while consistently supporting social welfare and community-building initiatives.

A major part of SHB’s long-standing legacy, he emphasised, is its people and corporate culture, grounded in the 'Từ Tâm' value set (Heart – Trust – Integrity – Knowledge – Wisdom – Vision). These values have shaped SHB’s identity for more than three decades, enabling it to pursue sustainable, human-centric development.

“SHB places people and culture at the heart of transformation; technology and digitalisation as the catalyst for breakthroughs; and sustainable development and green banking as long-term goals,” he added.

Two generations, one shared vision

Younger leaders learn from the discipline and success of their predecessors, while senior leaders are open to adapting new management methods and technologies to match the pace of the digital era.

During the dialogue, Vinh also highlighted a distinctive aspect of SHB’s governance model: the harmony between two generations of leadership. The senior generation contributes strategic vision, experience and resilience, while the younger generation, including leaders like Vinh, brings innovative thinking, technological awareness and a global outlook.

“Differences between generations are natural, but at SHB, they serve as positive catalysts for growth,” he said.

According to Vinh, younger leaders learn from the discipline and success of their predecessors, while senior leaders are open to adapting new management methods and technologies to match the pace of the digital era. The key, he stressed, lies in mutual listening and a shared mission to drive SHB’s sustainable and breakthrough development.

Vinh expressed deep appreciation for the guidance of his father, SHB Chairman Đỗ Quang Hiển.

He said: “He instilled in me courage, perseverance and invaluable lessons that help me make better, more informed decisions.”

Reaching the region by meeting global standards at home

When asked how Vietnamese enterprises and the next generation of business leaders should prepare to expand regionally and globally, he said: “To go global, enterprises must first meet global standards - right here in Việt Nam.”

SHB is among the leading financial institutions proactively adopting IFRS, Basel standards, and ESG frameworks, while investing heavily in technology, data systems and human capital – the three pillars that will define long-term competitiveness. He noted that technology is not only a tool for speed, but a foundation for scale, efficiency and enhanced customer experience, all of which are essential for global integration. 

“The next generation of leaders must be confident, agile, adaptive to constant change and committed to continuous innovation,” he added.

With a solid legacy, a strong spirit of innovation and the synergy of two leadership generations, SHB is entering a new era of transformation – one in which its core values remain firmly rooted while its development ambitions reach further. 

\“As the private sector becomes a central engine of national growth, we believe SHB will continue to play a pioneering role, contributing to Vietnam’s aspiration to become a strong, high-income nation by 2045,” Vinh added. — VNS