The awards ceremony, held on 3/12, was co-organized by HOSE, HNX, and Bao Tai Chinh - Dau Tu, with sponsorship from Dragon Capital. These accolades serve as a benchmark for businesses to enhance report quality, standardize governance, and integrate sustainable development into long-term strategies.
For the annual report category, companies underwent a multi-layered evaluation process. This involved the Vietnam Institute of Directors (VIOD), Big4 auditing firms: Deloitte, Ernst & Young, KPMG, PwC, and final assessment by HOSE and HNX.
In the sustainable development report category, the Association of Chartered Certified Accountants (ACCA) scored entries based on international criteria. These criteria align with GRI and International Financial Reporting Standards (IFRS S1, S2) issued by ISSB. For the 2025 awards, new evaluation criteria were implemented to enhance international relevance and ensure suitability with Vietnam's context.
Following six months of evaluation, VPBank emerged as the only bank to win in both categories. Notably, the third prize for sustainable development report was awarded in the bank's inaugural year of publishing an independent report.
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Phung Duy Khuong, standing executive vice general director for the south, director of individual customers, and director of debt recovery and processing at VPBank, received the "third prize for sustainable development report - financial sector" at VLCA 2025. Photo: VPBank |
Over recent years, VPBank has consistently improved the content and format of its reports. The bank emphasizes scientific rigor, transparency, and information accessibility. Its publications reference international standards, including: GRI, the 17 Sustainable Development Goals (SDGs), and the ASEAN Corporate Governance Scorecard (ACGS). These reports offer a comprehensive overview of business operations, strategy, and environmental, social, and governance (ESG) practices.
The message of "sustainable prosperity" is consistently maintained across all reports. This reflects the bank's long-term orientation: linking business growth with the interests of shareholders, customers, and the community.
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Phung Duy Khuong received the "top 10 best annual reports - financial sector" award at VLCA 2025. Photo: VPBank |
VPBank views corporate governance as a strategic foundation, operating with a "beyond compliance" approach. All decisions are based on principles of prudence, integrity, and balancing the interests of shareholders, stakeholders, and the community.
For several years, VPBank has ranked among the top 20 enterprises with the highest ESG scores in the VNSI index. It also stands among the top 5 Vietnamese enterprises with the highest ACGS scores, recognized at the ASEAN Corporate Governance Awards 2025 in Malaysia.
In sustainable development, VPBank became the first bank in Vietnam to successfully issue USD 300 million in international sustainable bonds. This marks a significant step, allowing the bank to expand its reach to global investors and align economic objectives with social and environmental values.
Looking ahead, the bank will continue to improve report quality, update to new international standards, and enhance corporate governance. These efforts aim to strengthen shareholder and investor confidence and boost its market reputation.
Minh Ngoc
