The award was announced at the ASEAN Corporate Governance Awards ceremony on 24/7 in Kuala Lumpur, Malaysia. The event has been jointly organized by the ASEAN Capital Markets Forum (ACMF) and the Asian Development Bank (ADB) since 2011.
 |
Luu Thi Thao, VPBank's standing deputy general director and senior managing director, receives the award for Top 5 companies with the highest ACGS rating in Vietnam in 2024. Photo: VPBank |
Luu Thi Thao, VPBank's standing deputy general director and senior managing director, receives the award for Top 5 companies with the highest ACGS rating in Vietnam in 2024. Photo: VPBank
VPBank was recognized by the award council as one of the pioneering organizations in applying international corporate governance practices. The bank stated the award marks a step forward in VPBank's strategy to elevate its position in Southeast Asia.
ACGS is a set of criteria evaluating the corporate governance practices of listed companies in the region, based on publicly available information such as annual reports, websites, governance policies, and corporate charters. The program's goal is to raise governance standards, enhance transparency, and strengthen investor confidence in six ASEAN member countries.
Earlier, at the "Resolution 68-NQ/TW on Private Sector Economic Development: Opportunities for Listed Companies and Public Companies" seminar held in early June in Hanoi, VPBank was also named among the top 5 companies with the highest ACGS scores nationwide in 2024.
At VPBank, corporate governance is considered the foundation for long-term operations. The bank has built its governance system to go "beyond compliance," prioritizing prudent principles and balancing the interests of shareholders, stakeholders, and the community.
In addition to ACGS, VPBank also applies the governance principles issued by the State Securities Commission and the International Finance Corporation (IFC). It integrates the GRI sustainability standards and the 17 United Nations Sustainable Development Goals (SDGs) into its operational strategy.
 |
VPBank's Southern Representative Office. Photo: VPBank |
VPBank's Southern Representative Office. Photo: VPBank
Recently, the bank released its first independent Sustainability Report, applying the latest version of GRI Standards. The report has been highly regarded by investors, with Dragon Capital rating VPBank's environmental and social (E&S) performance as "Excellent" due to the comprehensive and transparent ESG information.
Beyond governance and sustainability, VPBank also actively connects with the domestic and international investor community through conferences, forums, and regular business performance announcements. The 2025 Annual General Meeting of Shareholders saw record attendance, demonstrating market confidence and expectations.
In the first six months of 2025, VPBank successfully raised an international syndicated loan worth 1.56 billion USD, one of the largest deals in the Vietnamese banking sector. The bank also paid nearly 4,000 billion VND in cash dividends in Quarter II, bringing the total cash dividend value in the past three years to almost 20,000 billion VND.
This award comes as the Vietnamese stock market celebrates its 25th anniversary and aims to upgrade to emerging market status. According to the bank, the early adoption of international standards is the foundation for VPBank to continue promoting integration and attracting international capital flows, thereby realizing its goal of becoming one of the top 3 largest banks in Vietnam and among the top 100 largest banks in Asia.
Minh Ngoc
