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“VPBank Harnesses Opportunities from Resolution 68 with its Advanced Corporate Governance Framework.”

9 June, 2025

Seizing Opportunities with Advanced Governance Platforms

Vietnam Prosperity Joint-Stock Commercial Bank (VPBank, HOSE: VPB) has recently been recognized among the top 5 listed companies with the highest ASEAN Corporate Governance Scorecard (ACGS) evaluation scores in 2024.

The award was announced at the workshop titled “Resolution 68-NQ/TW on the Development of the Private Economy: What’s in Store for Listed Companies and Public Companies?” organized by the Vietnam Institute of Directors (VIOD) in collaboration with the State Securities Commission (SSC) in Hanoi.

At the workshop, policymakers, business leaders, investors, and experts emphasized that Resolution 68 affirmed the strategic position of the private sector in the new era. This presents a significant opportunity for listed companies and public companies to thrive, especially in accessing long-term capital and enhancing their competitiveness.

Throughout the workshop, speakers highlighted that corporate governance is a crucial factor in enabling businesses to seize the opportunities presented by Resolution 68. In the context of global competition, enterprises need not only capital but also to meet international governance standards to sustain their development.

Moreover, the workshop concluded that modern corporate governance models are the key to the rapid and sustainable growth of Vietnamese private enterprises, facilitating their deeper integration into the international market. Resolution 68 promotes this trend, making governance a measure of credibility and a lever for attracting long-term capital for private enterprises.

In Vietnam, some listed companies have started to focus on compliance and improving their governance practices according to international standards and norms, notably through the adoption of ACGS. This is one of the initiatives of the ASEAN Capital Markets Forum (ACMF), designed to promote good corporate governance practices and foster a transparent, integrated, and sustainable regional capital market.

This set of criteria is a reputable tool that employs stringent international standards to assess the governance quality of listed companies, focusing on four main areas: shareholder rights and equal treatment, sustainability and resilience, information disclosure and transparency, and the responsibilities of the Board of Directors.

According to ACGS scores, there is still a significant gap between the governance standards of listed companies in Vietnam and those in the ASEAN region. However, leading companies in governance, including VPBank, have now recorded superior scores compared to the domestic average and are approaching the regional average.

A VPBank representative shared, “The bank’s outstanding presence among the top 5 enterprises with the highest ACGS scores in Vietnam is a clear testament to our relentless efforts to continuously enhance our governance practices according to the best regional and international standards. This year, VPBank also published an independent Sustainability Report, further solidifying our pioneering position in the journey towards sustainable development.”

VPBank representative receiving the Top 5 ACGS Award.

Pioneering in Enhancing Corporate Governance Quality

Over the years, VPBank has always considered corporate governance as a core foundation to ensure stable operations and long-term growth. The bank has proactively built a professional, efficient, and transparent governance system, going beyond mere compliance. All decisions within the bank are made with prudence, integrity, and the long-term interests of shareholders, harmonizing the benefits of all stakeholders and the community.

In addition to adopting the ACGS criteria, VPBank actively implements governance principles according to best practices outlined by the SSC and the International Finance Corporation (IFC). The bank also aligns with the Global Reporting Initiative (GRI) sustainability reporting standards and the United Nations’ 17 Sustainable Development Goals (SDGs).

Notably, VPBank recently published its first independent Sustainability Report, applying the latest version of the GRI Standards developed by the Global Sustainability Standards Board (GSSB). The report not only summarizes the bank’s ESG activities in the past year but also demonstrates its long-term commitment to a sustainable development strategy, focusing on balancing economic interests, social responsibility, and environmental protection. Furthermore, VPBank set a record by arranging a $1 billion international sustainable finance loan from leading international financial institutions.

VPBank’s Sustainability Report follows GRI standards and references the UN’s 17 SDGs.

In 2024, VPBank achieved notable milestones in governance and sustainable development, ranking among the top 10 large-cap companies with the best corporate governance and, for the sixth consecutive time, among the top 20 companies with the highest ESG scores in the VNSI basket.

This string of achievements testifies to the bank’s strategic vision and commitment to sustainable development, reinforcing its mission statement, “For a Prosperous Vietnam.”

– 13:56 09/06/2025