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With the theme ‘Investing in Corporate Governance: Strategies for Attracting Responsible Investors in the Context of International Market Integration’, AF7 is the most prestigious professional event in Vietnam regarding corporate governance (CG) integrated with ESG and Sustainable Development (SD). It is organized by the Vietnam Institute of Directors (VIOD) in collaboration with the International Finance Corporation (IFC), the Swiss State Secretariat for Economic Affairs (SECO), and the State Securities Commission (SSC). The VNCG50 list, a new initiative, was first announced at the forum and was selected by CG experts from stock exchanges, investment funds, securities companies, and independent experts, featuring the top 50 listed companies with the best CG practices in Vietnam.
 Mr. Vuong Huy Dong, Vice Secretary of the Board of Directors & QHCĐ – representing VietinBank (7th from left), received the Certificate
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As one of the largest capitalized listed companies in the market and a state-owned joint-stock commercial bank, VietinBank must not only comply with the legal regulations for listed companies (as stipulated by the SSC and the Stock Exchanges) but also meet the requirements for state-owned enterprises (as stipulated by the Ministry of Planning and Investment and the State Bank). Therefore, a transparent and efficient corporate governance model has always been a priority for VietinBank and is constantly being improved, becoming a consistent policy within the bank’s leadership. In its sustainable development journey, VietinBank has always been strongly committed to enhancing CG effectiveness, adhering to business ethics, minimizing risks, and striving to build an efficient implementation model.
VietinBank’s governance model has been refined with the full range of subjects as stipulated for a listed company, including the General Meeting of Shareholders, the Board of Directors (BOD), the Board’s committees, the Supervisory Board, and the Executive Management Board. The bank’s governance structure ensures effective coordination and tight supervision among the BOD, EMB, and SB, emphasizing transparency and timeliness. Additionally, VietinBank has taken the lead in developing and implementing a system of internal regulations to create a unified governance mechanism, thereby ensuring the best interests of shareholders and other stakeholders.
Furthermore, VietinBank actively references the best practices and standards in CG, both domestically and internationally, such as the Principles of Corporate Governance following the best practices issued by the SSC and IFC, the Organization for Economic Cooperation and Development’s (OECD) Corporate Governance Principles, and the ASEAN Corporate Governance Scorecard. This is done to enhance the quality of governance and lay the foundation for safe, efficient, and sustainable business operations. Based on annual evaluation results, VietinBank identifies areas for improvement to continually refine its governance structure and ensure effective supervision and implementation.
Being ranked among the top 50 listed companies with the best CG practices is a recognition of VietinBank’s continuous commitment and efforts in establishing and improving its CG system towards transparency and professionalism, thereby enhancing VietinBank’s competitiveness in its journey of implementing the Sustainable Development Strategy.
“Techcombank’s Noble ESG Vision: Championing Sustainability and Community Engagement.”
Ms. Thai Minh Diem Tu, Chief Marketing Officer of Techcombank, offers a fascinating insight into the bank’s sustainability journey, its strategic vision for mass participation sports, and the integral role of ESG in Vietnam’s future growth and development. In this exclusive interview with VET, she highlights the bank’s commitment to long-term environmental and social responsibility, and how their involvement in sports is about more than just sponsorship, it’s about community engagement and a healthier, more prosperous Vietnam.
“Business Administration: Unlocking International Investment Opportunities.”
In capital-raising transactions, international investors are increasingly prioritizing corporate governance, considering it a crucial factor in investment decisions and capital allocation. Companies with strong governance practices can expect a 10-20% premium in their valuation.
“Only Well-Governed Enterprises Deserve a Premium: Secrets to Being ‘Smart and Obedient’ from Leaders of HSC, PAN Group, and Deloitte as Vietnam Struggles with Below-Average Corporate Governance.”
The current state of corporate governance (CG) in Vietnam, including its integration with ESG factors, lags behind other ASEAN countries and falls below the average assessment rating.
KienlongBank: Leading the Way with Concurrent Basel III & ESG Initiatives
“With the synchronized implementation of both the Basel III and ESG projects, KienlongBank is demonstrating its strong commitment to enhancing its risk management capabilities and resilience against unforeseen fluctuations. The bank is also actively promoting its development towards sustainability, adhering to international and Vietnamese standards in environmental, social, and governance practices.”
“The Chili King” Phuc Sinh Shares Insider Stories on Attracting Million-Dollar Investments from Europe after a Decade of ESG Practices
Mr. Phan Minh Thong, Chairman of Phuc Sinh Company, reveals the behind-the-scenes story of attracting million-dollar investment from a Dutch fund.
