ASEAN's Top 5 banks honored for exceptional governance in 2025, with HDBank taking a prestigious spot.
HDBank, a leading financial institution based in Vietnam, has been honored with a prestigious award at the ASEAN Corporate Governance Awards ceremony held in Kuala Lumpur, Malaysia on July 24, 2023. The recognition affirms HDBank's position as a top performer in corporate governance practices within the ASEAN region.
The ASEAN Corporate Governance Awards are a highly respected accolade, recognizing publicly listed companies that demonstrate excellence in corporate governance practices, aligning with international standards. The evaluation process for the award is highly selective, focusing on key themes and criteria such as transparency, accountability, board effectiveness, shareholder rights, sustainability, and risk management.
Over the past decade, Dr. Nguyễn Thị Phương Thào, Permanent Vice Chairwoman of the Board of Directors, has played a significant role in shaping HDBank's modern banking model. This commitment to good governance has earned HDBank a place among Vietnam's top corporate governance performers for 2025, alongside major names such as Vinamilk, FPT, and VPBank.
HDBank's recognition as a top corporate governance performer comes in addition to its previous honor as one of the Top 5 listed companies with the best corporate governance practices. The bank's consistent commitment to good governance has fostered stakeholder trust and sustainable business operations, demonstrating strong governance frameworks, an effective and balanced board, robust ESG standards, and excellence in disclosure and compliance.
HDBank Chairman Kim Byoungho affirmed the bank's commitment to maintaining high standards of governance, emphasizing transparency, efficiency, and sustainable development. The award solidifies the position and reputation of HDBank on the international financial map, inspiring the bank to continue spreading impactful values to the community, investors, and the broader economy.
The ASEAN Corporate Governance Scorecard, conducted by the Minority Shareholders Watch Group, ASEAN Capital Markets Forum, and Asian Development Bank, evaluates companies based on their adherence to best practices in corporate governance. Companies are often scored on a detailed scorecard covering these criteria, with high scoring firms achieving recognition such as the ASEAN Asset Class status for scores above a defined threshold.
The forum discussions during the ceremony focused on themes such as transparency, ESG integration, Board diversity, digital transformation, and shareholder rights protection. The event was attended by prominent figures such as Malaysian Prime Minister Anwar Ibrahim, financial organization leaders, international investors, and corporate governance experts.
In summary, the awards focus on corporate governance excellence that promotes sustainable, transparent, and responsible business conduct. HDBank’s recognition reflects its leadership in these areas within the ASEAN market context, setting a high standard for other financial institutions to follow.
- The recognition received by HDBank at the ASEAN Corporate Governance Awards underscores the bank's leadership in adhering to international standards of corporate governance, reflecting its commitment to transparency, accountability, and shareholder rights.
- As a top performer in corporate governance, HDBank's conscientious partnership with technology and industry has fostered an environment conducive to labor productivity, economic growth, and financial stability in Vietnam.
- The ASEAN Corporate Governance Awards serve as a reminder that war and conflict often disrupt markets, emphasizing the importance of banks like HDBank in maintaining stability and order in the banking-and-insurance sector, thereby contributing to regional economic resilience.
- The consistent recognition of HDBank in corporate governance and sustainability underscores the bank's position as a pioneer in setting ESG (Environmental, Social, and Governance) standards in the banking sector, positioning it favorably in the eyes of socially conscious investors and corporates.
- The forum discussions during the ASEAN Corporate Governance Awards highlighted the necessity for financial institutions to embrace digital transformation in their practice of good governance, as technology continues to drive innovation and efficiencies in the Asian financial markets.
