## VPBank Honored with a Top 5 ASEAN Corporate Governance Scorecard (ACGS) Rating in Vietnam for 2024
International recognition for exceptional corporate governance
On July 24, 2025, in Kuala Lumpur, Malaysia, VPBank (HOSE: VPB) was recognized as one of the top 5 companies with the highest ASEAN Corporate Governance Scorecard (ACGS) rating in Vietnam for 2024.
This prestigious award acknowledges VPBank’s relentless efforts to enhance transparency, accountability, and adherence to high governance standards, thereby bolstering investor confidence and promoting best practices across the region. This achievement also marks a significant step in the bank’s journey to elevate its position in Southeast Asia, underscoring its pioneering role in implementing modern governance and sustainable development in line with international standards.
Ms. Luu Thi Thao, Executive Vice President and Senior Executive Director of VPBank, receives the Top 5 ACGS rating award for Vietnam in 2024.
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The award was announced at the ASEAN Corporate Governance Awards Ceremony, graced by the presence of Malaysia’s Minister of Investment, Trade and Industry, Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, the Chairman of the Securities Commission Malaysia, Dato’ Mohammad Faiz Azmi, and representatives from securities commissions across Southeast Asia, along with senior leaders and executives from regional businesses.
The recognized companies were evaluated using the ASEAN Corporate Governance Scorecard (ACGS), an initiative launched in 2011 by the ASEAN Capital Markets Forum (ACMF) with support from the Asian Development Bank (ADB). The ACGS aims to assess the corporate governance practices of listed companies, enhance governance standards, increase transparency, and boost investor confidence across the six ASEAN member states. The ranking is based on publicly available information such as annual reports, company websites, governance policies, sustainability reports, charters, and meeting minutes.
Over the years, the ACGS has played a pivotal role in shaping the corporate governance culture in ASEAN, encouraging the adoption of best practices, promoting transparency, strengthening the responsibilities of boards, protecting shareholder rights, and fostering sustainable development.
In Vietnam, VPBank is a pioneer in adopting professional governance standards in line with international best practices. As a result, the bank has achieved an exceptional ACGS score, surpassing domestic peers and approaching regional levels.
Earlier in June, during a workshop on “Resolution 68-NQ/TW on the development of the private economy: Opportunities for Listed Companies and Public Companies” held in Hanoi, VPBank was also named among the top 5 companies with the highest ACGS rating for 2024.
Robust governance foundation propels VPBank’s ambitious goals
The recognition of VPBank’s governance excellence coincides with the 25th anniversary of Vietnam’s stock market development (July 28, 2000 – July 28, 2025), a significant milestone in the country’s transformation and deep integration. This occasion holds even greater significance as expectations for Vietnam’s upgrade to emerging market status grow stronger, promising enhanced transparency, fairness, efficiency, and international capital inflows, providing impetus for the economy and listed companies to thrive.
In this context, VPBank’s proactive adoption of international standards for corporate governance and sustainable development has become a launching pad for realizing its ambitious vision: to become a top 3 bank in Vietnam and among the top 100 largest banks in Asia.
At VPBank, corporate governance has transcended legal compliance, becoming a strategic foundation that ensures stability and sustainable development. The bank has proactively built a modern and transparent governance system, operating with a “Beyond Compliance” orientation, where decisions are made with prudence, integrity, and a balance of interests between shareholders, stakeholders, and the community.
In addition to the ACGS, VPBank also adheres to the governance principles issued by the State Securities Commission in collaboration with the International Finance Corporation (IFC). Simultaneously, the bank integrates the Global Reporting Initiative (GRI) sustainability reporting standards and the United Nations’ 17 Sustainable Development Goals (SDGs) into its strategic operations.
Recently, VPBank published its first standalone Sustainability Report, prepared according to the latest GRI Standards released by the Global Sustainability Standards Board (GSSB). This report has been well-received by investors, with Dragon Capital – a leading investment fund in Vietnam – rating VPBank’s E&S performance as “Excellent” due to its comprehensive data and disclosures on ESG matters.
Beyond governance and sustainability, VPBank places a strong emphasis on investor interests. The bank maintains regular and transparent engagement with domestic and international investors through various platforms, including financial results announcements, investor conferences, and international forums. The 2025 Annual General Meeting of Shareholders witnessed a record attendance, reflecting the market’s trust and high expectations.
Leveraging its solid foundation and reputation, VPBank successfully secured a record-breaking USD 1.56 billion syndicated loan from leading financial institutions in the first half of the year.
Throughout its journey, VPBank has demonstrated its commitment to shareholders through concrete actions. In the second quarter, the bank paid out nearly VND 4,000 billion in cash dividends, reflecting its robust financial foundation, respect for shareholders, and long-term commitment to their interests. Over the past three years, the total cash dividends distributed by VPBank amounted to nearly VND 20,000 billion.
These efforts and achievements showcase VPBank’s strategic vision and commitment to sustainable development, reinforcing its mission statement, “For a Prosperous Vietnam.”
Kim Ngan
– 10:55 28/07/2025
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