The Vietnam Listed Company Awards (VLCA) 2024 ceremony was recently held in Da Lat, Lam Dong Province. Saigon-Hanoi Commercial Joint Stock Bank (SHB) was, for the fourth time, honored in the Top 10 Enterprises with the Best Annual Report in the Finance group, once again affirming the stature, prestige, and transparency of one of Vietnam’s leading private banks.
Since its inception in 2008, the Annual Report Awards, now known as the Listed Company Awards, has become an annual event to evaluate and honor enterprises with outstanding efforts in reporting and disclosure, implementing regulations, and good governance practices, as well as ESG practices in their operations. The program is organized by the Ho Chi Minh City Stock Exchange, the Hanoi Stock Exchange, the Investment Review Newspaper, and Dragon Capital Fund Management Company.
With technical support from partners such as the Association of Chartered Certified Accountants (ACCA), the Vietnam Institute of Directors (VIOD), the International Finance Corporation (IFC), and leading audit firms PwC, Deloitte, KPMG, and EY, along with information support from the State Securities Commission and the two stock exchanges, the VLCA 2024 awards affirmed accuracy and objectivity in the evaluation process.
The 2023 Annual Report on the theme of “Soaring like the Sacred Dragon” by SHB was highly appreciated by the Organizing Committee and met stringent criteria in terms of content and form. The award recognizes SHB’s outstanding efforts in transmitting transparent annual report information and enterprise governance following the best practices for sustainable development, aiming to improve operational efficiency and bring the best benefits to customers, shareholders, investors, partners, the community, and the bank itself.
Mr. Dinh Ngoc Dung, Director of SHB’s Corporate Banking Division, represented the bank in receiving the award.
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After 31 years of establishment and development, SHB has affirmed its position as a leading financial institution in Vietnam, reaching out to the region and the world. SHB is currently in the TOP 5 largest private joint-stock commercial banks in Vietnam in terms of charter capital; TOP 10 most reputable private joint-stock commercial banks in Vietnam ranked by Vietnam Report; and ranked 137th in the TOP 500 largest enterprises in Southeast Asia according to Fortune Magazine.
In the first nine months of the year, SHB’s cumulative pre-tax profit reached VND 9,048 billion, fulfilling 80% of the yearly plan. As of September 30, 2024, total assets amounted to VND 688,387 billion, an increase of 9.2% compared to the end of 2023. SHB’s business efficiency indicators remain among the industry’s best.
Along with its business activities, SHB actively participates in social welfare and community programs. Recently, SHB contributed to the program to support the elimination of temporary and dilapidated houses for poor and near-poor households nationwide and implemented interest waivers and reductions for customers affected by storms and floods, estimated at nearly VND 150 billion. In addition, the bank also sponsored two school construction projects in Dien Bien province worth VND 12.5 billion and continued to accompany the Ministry of Public Security in building 150 houses and one school point for people in disaster-affected areas.
In the 2024-2028 period, SHB focuses its resources on implementing a comprehensive and robust Transformation Strategy based on four pillars: Reform of mechanisms, policies, regulations, and processes; People-centric; Customer and market-centric; and Modernization of information technology and digital transformation, adhering to six core cultural values of “Heart – Belief – Trust – Knowledge – Wisdom – Vision.”
SHB’s strategic goals are to become the TOP 1 bank in terms of efficiency; the most favored Digital Bank; the Best Retail Bank; and the TOP bank providing capital, financial products, and services to strategic private and state-owned enterprises with supply chains, value chains, and ecosystems, fostering green development.
On its journey of development, SHB always maintains its orientation towards sustainable, safe, and efficient growth, continuously enhancing its governance capacity to international standards, and adopting modern models. In addition, the bank will continue to accompany and spread positive values to society and the community, joining hands to build a new era – the era of national prosperity.
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