HA NOI (VNS)— The State Bank of Viet Nam (SBV) has promoted Ngo Quang Luong to become the central banks' chief administrator, replacing Nghiem Xuan Thanh.

Nghiem Xuan Thanh left the position to become general director of the Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank), in place of Nguyen Phuoc Thanh.

Reportedly, Nguyen Phuoc Thanh left the CEO post after he had been appointed as deputy governor at the central bank on July 19, 2013.-VNS