Petrovietnam Fertilizer and Chemicals Corporation (PVCFC) was recognized as one of the top 5 listed companies in Vietnam for corporate governance at the ASEAN Corporate Governance Awards 2025 held in Kuala Lumpur, Malaysia, on 24/7. The ranking is based on the 2024 ASEAN Corporate Governance Scorecard (ACGS).
Tran Ngoc Nguyen, Chairman of PVCFC's Board of Directors, stated that the award acknowledges the company's governance capabilities and represents a commitment to shareholders, partners, and the community toward transparent and responsible development.
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Tran Ngoc Nguyen, Chairman of PVCFC's Board of Directors (center), receives the award. Photo: PVCFC |
Tran Ngoc Nguyen, Chairman of PVCFC's Board of Directors (center), receives the award. Photo: PVCFC
This achievement reflects years of improvements in PVCFC's management. The company has strengthened its governance structure, enhanced shareholder dialogue, and implemented international standards such as SASB, ISO, GRI, and ESG principles.
This award adds to PVCFC's growing list of corporate governance achievements, including being ranked among the top 10 for both annual reports and sustainability reports.
According to a company representative, these results demonstrate PVCFC's strategic direction: prioritizing good governance as a foundation, guided by ESG principles, and aiming for international integration as a long-term goal.
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Company staff share farming techniques with farmers. Photo: PVCFC |
Company staff share farming techniques with farmers. Photo: PVCFC
PVCFC's 2025 theme, "Solid Foundation - Great Aspiration - Faster, More Efficient," embodies its spirit of continuous innovation and reflects its ambition to expand regionally. In an increasingly competitive global landscape, the high ACGS ranking is strategically significant. It enhances PVCFC's credibility with domestic and international investors, especially ESG funds, and reinforces trust among shareholders, partners, and the market.
This achievement also lays the groundwork for future market expansion, cross-border cooperation, and M&A strategies.
The ASEAN Corporate Governance Awards 2025 is jointly organized by the Securities Commission Malaysia, the ASEAN Capital Markets Forum (ACMF), and the independent watchdog organization Minority Shareholders Watch Group (MSWG).
Established in 2011, the ACGS is a comprehensive assessment system based on five pillars: rights of shareholders, equitable treatment of shareholders, role of stakeholders, transparency and disclosure, and responsibilities of the board. In 2024, the ACGS surveyed over 560 listed companies across six ASEAN nations: Singapore, Malaysia, Thailand, Indonesia, the Philippines, and Vietnam.
Hoang Dan
