Former Techcombank Executive Appointed CEO of Vietnam’s Technology Giant One Mount Group
By Thai Ha – August 3, 2025
One Mount Group, a leading Vietnamese technology ecosystem, has announced a significant leadership change with the appointment of Phung Quang Hung as its new Chief Executive Officer. Hung, previously the permanent Deputy CEO of Techcombank, assumes leadership at One Mount Group amidst a strategic rotation involving key enterprises including Techcombank and Masterise Group.
Experienced Leadership at the Helm
Born in 1974, Phung Quang Hung holds a bachelor’s degree in Information Technology from Hanoi University of Science and Technology (1995) and an MBA in International Economics from Washington State University (2001). His extensive career includes stints at ABN AMRO Vietnam and National Australia London before joining Techcombank in September 2010. Hung was elevated to the position of permanent Deputy CEO at Techcombank in March 2020, bringing years of experience in banking and technology to his new role.
Leadership Transition Details
Hung replaces Nguyen Thi Diu, who will transition into the role of Vice Chairwoman of the Board of Directors for One Mount Group, Techcom Securities (TCBS), and Masterise Group. This leadership reshuffle reflects a coordinated strategy among the interconnected corporate entities to strengthen governance and operational excellence.
About One Mount Group
One Mount Group, with charter capital exceeding VND 5,400 billion (approximately $205.95 million), is recognized as Vietnam’s largest technology ecosystem. Established by heavyweight investors, including Techcombank and previously Vingroup – which fully divested in early 2022 – the group develops comprehensive technological solutions across multiple sectors such as retail, distribution, real estate, and financial services.
The company’s business pillars include:
- One Mount Distribution: A retail platform connecting grocery stores directly to customers.
- One Mount Consumer: An e-wallet service enhancing digital payment convenience.
- OneHousing: An online marketplace for real estate transactions.
Additionally, One Mount Group is a significant shareholder in MobiFone Digital Payment Joint Stock Company, holding a 38% stake. The group has committed substantial investment, between $200 million and $500 million, towards building blockchain network infrastructure in Vietnam. This initiative aims to develop a secure, distributed database system, employing blockchain technology to store and link information blocks via advanced encryption.
Strategic Outlook
With Hung’s appointment, One Mount Group appears poised to strengthen its position at the forefront of Vietnam’s digital economy. The combination of his banking acumen and leadership experience is expected to accelerate the group’s innovation capability and deepen integration across the vast technological ecosystem.
As Vietnam’s tech industry continues to expand rapidly, leadership developments like this spotlight the dynamic interplay of finance, technology, and strategic investment shaping the country’s future.
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