VPBank affirms its class with global management award

As one of the five Vietnamese enterprises with the highest ACGS scores, VPBank was recently honored at the ASEAN Corporate Governance Awards. The award affirms VPBank's strong progress.

Ms. Luu Thi Thao, Permanent Deputy General Director of VPB received the award for Top 5 enterprises with the highest ACGS rating in Vietnam in 2024 - Photo: VPB

VPBank 's international footprint in corporate governance

On July 24 in Kuala Lumpur (Malaysia), Vietnam Prosperity Joint Stock Commercial Bank (VPBank, stock code VPB) was honored in the Top 5 enterprises with the highest ASEAN Corporate Governance Scorecard (ACGS) rating in Vietnam in 2024.

The prestigious ACGS award is a recognition of VPBank's persistent efforts in enhancing transparency, accountability and applying high governance standards.

This achievement marks an important step forward, raising the bank's position in Southeast Asia, while affirming its pioneering role in building a professional management model, aiming for sustainable development.

It is known that the businesses ranked in this year's award are based on public information such as annual reports, company websites, governance policies, sustainable development reports, charters and meeting minutes...

Over many years of implementation, ACGS has contributed to shaping corporate governance culture in ASEAN, promoting information transparency and board of directors' responsibilities.

In Vietnam, VPBank is one of the pioneer banks applying the corporate governance standards according to global best practices. Thanks to that, the bank always records an ACGS score that is superior to the domestic average and approaching the regional standards.

Previously, in early June, within the framework of the Workshop "Resolution 68 - on private economic development: What opportunities for listed enterprises and public companies?", held in Hanoi, VPBank was also one of the 5 enterprises with the highest ACGS assessment results in 2024.

Standard governance is the launching pad for VPBank to enter the top 100 largest banks in Asia.

VPBank believes that this year's ACGS award was announced in the context of the Vietnamese stock market celebrating its 25th anniversary (July 28, 2000 - July 28, 2025), further increasing the significance of this bank's achievements.

VPBank considers this a strategic launch pad to realize its goal: to become one of the 3 largest banks in Vietnam and among the Top 100 leading banks in Asia.

At VPBank, corporate governance is not just a compliance obligation but has become a strategic foundation. The Bank builds a modern, transparent operating system and puts the interests of shareholders, investors, customers and the community first. All decisions are made on the principles of integrity, prudence and harmony of long-term interests.

Along with the ACGS tool, VPBank also applies the set of good governance principles issued by the State Securities Commission in collaboration with the International Finance Corporation (IFC). Along with that, the bank integrates the sustainability reporting standards of the Global Reporting Initiative (GRI) as well as the 17 Sustainable Development Goals (SDGs) of the United Nations into its operational strategy.

Recently, VPBank released its first independent Sustainability Report, using the latest version of GRI Standards.

The report was highly appreciated by investors; in particular, Dragon Capital - one of the largest investment funds in Vietnam - ranked VPBank's ESG performance at "Excellent".

Not only is VPBank a leader in governance and sustainable development, it is also a pioneer in protecting and increasing shareholder value. In the second quarter, the bank paid out nearly VND4,000 billion in cash dividends – bringing the total dividends paid in the past three years to nearly VND20,000 billion. This is clear evidence of its solid financial foundation and long-term commitment to shareholders.

The Bank also maintains regular and transparent connections with the domestic and foreign investor community through a series of events announcing business results, investor conferences, international forums, etc.

The 2025 Annual General Meeting of Shareholders recorded a record number of shareholders attending, becoming a vivid testament to the market's great confidence and expectations.

With a solid foundation and reputation, VPBank has successfully mobilized a record international syndicated loan worth 1.56 billion USD in just the first 6 months of the year from leading financial institutions.

With strategic vision, standard management system and persistent efforts in sustainable development, VPBank is gradually realizing its brand statement: "For a prosperous Vietnam".

The ASEAN Governance Award is not only a proud milestone but also a driving force for the bank to continue to go further on the journey of creating long-term value for shareholders, customers and society.

Source: https://tuoitre.vn/vpbank-khang-dinh-dang-cap-voi-giai-thuong-quan-tri-toan-cau-20250728181441717.htm