Ms. Pham Thi Thu Hang (Independent Board Member of Sacombank) receives the VNCG50 certification on behalf of the bank.
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, and the Hanoi Stock Exchange, Sacombank was among over 30 listed companies in Vietnam to achieve the VNCG50 standard.
Officially launched in 2024, the VNCG50 criteria were developed by VIOD, 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.
The 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 prepares businesses to capitalize on development opportunities and attract an estimated $6 billion in new capital over the next three years.
Sacombank’s governance system has met several key ACGS criteria, including transparent information disclosure, protection of shareholder and investor rights, robust enterprise activity oversight, strengthened risk management, compliance with domestic and international regulations, and a commitment to sustainable development.
This recognition follows Sacombank’s previous accolades in investor relations, including being named among the Top 3 listed companies with the most favored IR activities in 2025 (Financial Large Cap category) at the IR Awards. These endorsements from reputable independent organizations highlight Sacombank’s integrated approach to governance, information disclosure, risk management, and sustainable development, fostering strong stakeholder trust.
Speaking at the event, Ms. Pham Thi Thu Hang remarked: “The VNCG50 certification underscores Sacombank’s consistent efforts to strengthen its governance, particularly during our restructuring journey. We view robust governance as a core capability shaping the bank’s holistic development and building long-term market confidence. This achievement motivates us to further elevate governance standards, accelerate digital transformation, enhance risk management, and prepare for evolving domestic and regional market demands.”
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