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Recently, Vietnam Prosperity Joint Stock Commercial Bank (code VPB) was honored in the "Top 5 listed enterprises with the highest ASEAN Corporate Governance Scorecard (ACGS) assessment results in 2024".
The award was announced within the framework of the workshop “Resolution 68-NQ/TW on private economic development: What opportunities for listed enterprises and public companies?” organized by the Vietnam Institute of Directors (VIOD) in collaboration with the State Securities Commission (SSC) in Hanoi.
At the workshop, policy makers, business leaders, investment funds, experts, etc. all emphasized that the birth of Resolution 68 has affirmed the strategic position of the private economy in the new era. This is a great opportunity for listed enterprises and public companies to develop, especially in accessing long-term capital and improving competitiveness.
Throughout the workshop, speakers pointed out that corporate governance is a core factor that helps businesses take advantage of opportunities from Resolution 68. In the context of global competition, businesses not only need capital but also must meet governance standards according to international practices for sustainable development.
At the same time, the workshop agreed that modern corporate governance is the key for Vietnamese private enterprises to develop rapidly and sustainably, and integrate more deeply into the international market.
In fact, in Vietnam, a number of listed companies have begun to focus on compliance and improving governance quality according to international standards and practices, notably the application of ACGS. This is one of the initiatives of the ASEAN Capital Market Forum (ACMF), developed to promote good corporate governance practices and towards building a transparent, integrated, and sustainable regional capital market.
This set of criteria uses international standards to assess the quality of listed corporate governance, revolving around four main focuses: Rights and equitable treatment of shareholders; sustainability and resilience; information disclosure and transparency; and board responsibilities.
According to ACGS scores, listed companies in Vietnam still have a significant gap compared to ASEAN governance standards. However, leading companies in governance, including VPBank , have now recorded scores approaching the regional average.
VPBank representative shared: “The fact that the bank is among the top 5 enterprises in terms of ACGS score in Vietnam is a clear demonstration of the persistent efforts to continuously improve the quality of governance according to the best practices in the region and internationally. This year, VPBank also published an independent Sustainability Report, continuing to affirm its pioneering position on the journey of sustainable development.”
VPBank representative received the award "Top 5 enterprises with the highest ACGS assessment results in Vietnam".
Pioneer in improving the quality of corporate governance
Over the years, VPBank has always considered corporate governance as the core foundation to ensure stable operations and long-term growth. The Bank has proactively built a professional, effective, and transparent governance system, in the spirit of "Beyond Compliance". Accordingly, all decisions within the Bank are made on the principles of prudence, integrity, for the long-term interests of shareholders and in harmony with the interests of stakeholders as well as the community.
In parallel with applying the ACGS criteria, VPBank also actively implements the good governance principles developed by the State Securities Commission and the International Finance Corporation (IFC), along with the sustainability reporting standards of the Global Reporting Initiative (GRI) and the 17 Sustainable Development Goals (SDGs) of the United Nations.
VPBank has recently released its first independent Sustainability Report, applying the latest updated version of the GRI Standards from the Global Sustainability Standards Board (GSSB). The report is not only a summary of ESG activities over the past year but also demonstrates the bank's long-term commitment to a sustainable development strategy, focusing on balancing economic benefits, social responsibility and environmental protection. VPBank has also successfully arranged a $1 billion international loan to support sustainable finance from leading international financial institutions.
VPBank's Sustainability Report is prepared according to GRI standards and references the 17 SDGs of the United Nations.
Previously, in 2024, VPBank recorded many outstanding achievements in the field of governance and sustainable development, when it entered the "Top 10 large-cap enterprises with the best corporate governance" and for the 6th consecutive time appeared in the "Top 20 enterprises with the highest ESG scores" in the Sustainable Development Index (VNSI) basket.
The above series of achievements is a testament to the strategic vision and sustainable development orientation that the bank is pursuing, affirming the mission statement "For a prosperous Vietnam".
Source: https://dantri.com.vn/kinh-doanh/vpbank-ghi-dau-an-quan-tri-doanh-nghiep-tien-tien-20250611105029018.htm
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