Specifically, at the 8th Annual Corporate Governance Forum (AF8) organized by the Vietnam Institute of Directors (VIOD) in collaboration with the International Finance Corporation (IFC), the Swiss State Secretariat for Economic Affairs (SECO), the State Securities Commission, the Ho Chi Minh City Stock Exchange, the Hanoi Stock Exchange, Sacombank was recognized as one of over 30 listed companies in Vietnam meeting the VNCG50 standard.
Ms. Pham Thi Thu Hang, Independent Board Member of Sacombank, received the VNCG50 Certification on behalf of the bank at the event.
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Officially launched in 2024, the VNCG50 criteria developed by VIOD are based on the OECD Principles of Corporate Governance and the ASEAN Corporate Governance Scorecard (ACGS). These criteria aim to comprehensively evaluate and enhance the governance capabilities of listed Vietnamese companies, particularly as the government fosters new growth momentum for the private sector and Vietnam’s stock market is upgraded to Secondary Emerging Market status by FTSE Russell.
VNCG50 serves as a critical benchmark for Vietnamese enterprises to assess their governance maturity, bridge regional gaps, and strive for ASEAN Asset Class standards—a group of companies with exceptionally high ACGS scores, recognized for transparency, reputation, and profitability. This empowers businesses to strengthen their governance, prepare for growth opportunities, and attract an estimated $6 billion in new capital over the next three years.
Sacombank’s governance system has been acknowledged for meeting key ACGS criteria, including transparency, shareholder and investor protection, robust operational control, risk management, regulatory compliance, and sustainable development commitments.
This recognition builds on Sacombank’s investor relations achievements, including its 2025 IR Awards ranking as one of the top 3 investor-favorite listed companies in the Financial Large Cap category. Endorsements from reputable independent organizations highlight Sacombank’s integrated approach to governance, disclosure, risk management, and sustainability, fostering strong stakeholder trust.
At the event, Ms. Pham Thi Thu Hang, Independent Board Member of Sacombank, stated: “The VNCG50 recognition underscores Sacombank’s consistent efforts to strengthen governance, particularly during our restructuring journey. We view robust governance as a core capability driving holistic bank development and building long-term market confidence. This achievement motivates us to further elevate governance standards, accelerate digital transformation, enhance risk management, and meet evolving domestic and regional market demands.”
– 11:07 06/12/2025
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