VPBank rises on the global stage with prestigious corporate governance award

As one of the top 5 Vietnamese companies with the highest ACGS scores in 2024, VPBank was honored at the ASEAN Corporate Governance Awards Ceremony. This recognition affirms VPBank’s steadfast efforts in adopting international best practices in corporate governance and marks a significant milestone in the bank’s journey toward regional and global prominence.

A milestone in VPBank’s rise on the global stage in corporate governance

On July 24 in Kuala Lumpur, Malaysia, Vietnam Prosperity Joint-Stock Commercial Bank (VPBank, HoSE: VPB) was named among the Top 5 Vietnamese companies with the highest ASEAN Corporate Governance Scorecard (ACGS) ratings in 2024.

This prestigious award represents international recognition of VPBank’s steadfast efforts to enhance transparency, accountability and the adoption of high governance standards, thereby reinforcing investor confidence and promoting best practices across the region. The achievement also marks a significant milestone in VPBank’s journey to elevate its standing in Southeast Asia, underscoring its pioneering role in modern governance and sustainable development in accordance with international standards.

Ms. Luu Thi Thao, Standing Deputy Chief Executive Officer & Senior Executive Managing Director of VPBank, received the award for being among the Top 5 Vietnamese companies with the highest ACGS ratings in 2024.

The award was announced at the ASEAN Corporate Governance Awards Ceremony, which was attended by Malaysia’s Minister of Investment, Trade and Industry, Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz; Chairman of the Securities Commission Malaysia, Dato' Mohammad Faiz Azmi; representatives of securities commissions from ASEAN countries; as well as senior leaders and executives from regional companies.

Award recipients were assessed based on the ASEAN Corporate Governance Scorecard (ACGS), an initiative launched in 2011 by the ASEAN Capital Markets Forum (ACMF) with support from the Asian Development Bank (ADB).

The ACGS was developed to assess corporate governance practices among publicly listed companies, with the aim of raising governance standards, enhancing transparency and strengthening investor confidence across 6 participating ASEAN countries. Companies are rated based on publicly available disclosures, including annual reports, corporate websites, governance policies, sustainability reports, articles of association and shareholder meeting minutes. Over the years, the ACGS has been instrumental in fostering a strong corporate governance culture in ASEAN, encouraging best practices, driving improvements in transparency, board accountability, shareholder rights and sustainability practices.

In Vietnam, VPBank is among the pioneers in adopting professional corporate governance standards aligned with international best practices. As a result, the bank has achieved an outstanding ACGS score, surpassing the national average and approaching regional benchmarks.

In early June, at the Hanoi conference titled “Resolution 68-NQ/TW on Private Sector Development: What Opportunities for Listed Enterprises and Public Companies?”, VPBank was also named among the Top 5 companies with the highest ACGS ratings in 2024.

A solid governance framework - The launchpad for VPBank’s ambitious goals

VPBank’s recognition at the ASEAN Corporate Governance Awards Ceremony came at a particularly meaningful time, as Vietnam’s stock market marks its 25th anniversary (July 28, 2000 - July 28, 2025), a milestone in the country’s transformation and deep integration. This achievement holds even greater significance as Vietnam’s prospects for an upgrade to emerging market status have become clearer than ever, promising to enhance transparency, fairness, efficiency and attract substantial international investment, thereby generating strong momentum for the economy and listed companies.

Against this backdrop, VPBank’s pioneering adoption of international standards in corporate governance and sustainability has become a launchpad to realize its bold ambition: To rank among the top 3 banks in Vietnam and enter the list of the top 100 largest banks in Asia.

At VPBank, corporate governance goes beyond regulatory compliance and serves as a strategic foundation for long-term stability and sustainable growth. The bank has proactively built a modern and transparent governance framework guided by the “Beyond Compliance” philosophy, where decisions are made with prudence, integrity and efficiency for the interests of all shareholders, in harmony with the interests of stakeholders and society.

In addition to the ACGS, VPBank also adopts the best-practice governance principles jointly developed by the State Securities Commission of Vietnam and the International Finance Corporation (IFC). Simultaneously, the bank integrates the Global Reporting Initiative (GRI) sustainability reporting standards and the United Nations’ 17 Sustainable Development Goals (SDGs) into its operational strategy.

Recently, VPBank published its first standalone Sustainability Report, developed in accordance with the latest GRI Standards issued by the Global Sustainability Standards Board (GSSB). The report received high praise from the investor community, with Dragon Capital - one of Vietnam’s leading investment funds - rating VPBank’s E&S performance as “Excellent,” thanks to the wealth of useful data and the comprehensive disclosure of ESG information.

In addition to leading in corporate governance and sustainable development, VPBank places strong emphasis on investor interests. The bank maintains regular and transparent engagement with both domestic and international investor communities through a series of events, including business result announcements, investor conferences and global forums… The 2025 Annual General Meeting of Shareholders recorded an all-time high in shareholder attendance, serving as a powerful testament to the market’s confidence and high expectations.

With its solid foundation and reputation, VPBank successfully secured a record syndicated loan of USD 1.56 billion in the first half of the year from leading global financial institutions.

Throughout its development journey, VPBank has consistently upheld its responsibility to shareholders through tangible actions. In the second quarter of this year, the bank paid out nearly VND 4 trillion in cash dividends, demonstrating a strong financial foundation, respect for shareholders and long-term commitment to protecting their interests. Over the past three years, VPBank’s total cash dividend payouts have amounted to nearly VND 20 trillion.

These efforts and achievements embody the strategic vision and sustainable development orientation that VPBank is pursuing, reaffirming its mission statement: “Prospering Vietnam”.