March 1, 2011 / 6:43 AM / 9 years ago

PROFILE-Vietnam's Central Bank Governor Nguyen Van Giau

Position: Governor, State Bank of Vietnam     Incumbent: Nguyen Van Giau     Date of Birth: Dec. 8, 1957     Term: Assumed office Aug. 3, 2007. Giau is widely expected to be replaced when a new National Assembly, or parliament, convenes after May 22 elections.

Key facts:

— Giau replaced Le Duc Thuy, who has been linked to a bribery scandal involving the Reserve Bank of Australia’s currency manufacturer, Securency. Since then Thuy has remained influential as an advisor to the prime minister and has publicly sparred with Giau over monetary policy.

— Insiders say Giau is a cautious, rules-bound decision maker. He appears to be lined up to take the fall for the country’s currency and monetary woes of the past few years, even though the Vietnamese central bank is not independent and he has had to compete with Thuy and others for the prime minister’s ear.

— Giau hails from the southern province of An Giang and holds doctorate in Economics.

— He was Communist Party Secretary of Ninh Thuan province, in central Vietnam between 2005 and 2007 after serving as deputy from 2003 to 2005. From 1998-2003 Giau worked as Deputy Governor of the State Bank of Vietnam and before that was general An Giang provinCial branch manager, deputy general director and then general director of Vietnam Bank for Agriculture and Rural Development (Agribank), the country’s biggest state-owned bank.

(Reporting by John Ruwitch; Editing by Daniel Magnowski)

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