Sacombank among 30+ enterprises achieving VNCG50, affirming international-standard governance
Sacombank among 30+ enterprises achieving VNCG50, affirming international-standard governance
Sacombank was among more than 30 listed enterprises recognised as meeting the Việt Nam Corporate Governance Scorecard (VNCG50) at the eighth Annual Forum on Corporate Governance held in HCM City last week.
Phạm Thị Thu Hằng, an independent member on Sacombank’s Board of Directors, receives the VNCG50 certification on behalf of the lender at the eighth Annual Forum on Corporate Governance. — Photo courtesy of the bank |
Organised by the Vietnam Institute of Directors (VIOD) in collaboration with the International Finance Corporation, the State Securities Commission of Vietnam, the Vietnam Stock Exchange, the Hanoi Stock Exchange, the Ho Chi Minh Stock Exchange, and Switzerland’s State Secretariat for Economic Affairs, the forum is Việt Nam’s leading annual event dedicated to corporate governance, ESG and sustainable development.
The recognition is especially meaningful as Sacombank is implementing its restructuring project, reflecting its ongoing efforts to enhance operational quality and strengthen its governance system in line with international standards.
Launched in 2024, the VNCG50 criteria were developed by VIOD based on the corporate governance principles of the Organisation for Economic Co-operation and Development and the ASEAN Corporate Governance Scorecard (ACGS).
The framework aims to comprehensively assess and elevate the governance capacity of Vietnamese listed companies, especially as the Government works to create new growth drivers for the private sector and Việt Nam’s stock market is being upgraded from Frontier to Secondary Emerging Market status by FTSE Russell.
The VNCG50 provides an important benchmark for enterprises to assess governance maturity, narrow gaps with regional peers, and strive towards the ASEAN Asset Class standard, a distinction for companies achieving exceptionally high ACGS scores and recognised for transparency, reputation, and strong profitability.
This enables enterprises to better capture development opportunities and attract new capital flows, including an estimated US$6 billion over the next three years.
Sacombank met many core indicators of the scorecard, including information transparency, protection of shareholder and investor rights, effective operational oversight, strengthened risk management, regulatory compliance, and commitment to sustainable development.
The achievement adds to Sacombank’s strong track record in investor relations, having been honoured for being among the Top 3 listed companies in the 2025 IR Best Practice Awards in the Individual Investors’ Best Choice – Financial Large Cap group category.
Recognition from independent organisations affirms Sacombank’s efforts to build an integrated ecosystem of operations, information disclosure, risk management, and sustainable development, reinforcing solid trust among shareholders and investors.
Speaking at the event, Phạm Thị Thu Hằng, an independent member on Sacombank’s Board of Directors, said: “The VNCG50 title is a testament to the governance capabilities Sacombank has continuously strengthened throughout our restructuring journey. We view strong governance as a core competency shaping the bank’s comprehensive development and enhancing long-term market confidence. This recognition motivates us to further elevate our governance standards, accelerate digital transformation, enhance risk management, and prepare for new regulatory and market requirements domestically and regionally.”
- 19:16 08/12/2025
