ABBank's ESG Sustainable Development Strategy Committee was established with the goal of guiding the development, implementation and monitoring of the bank's sustainable development strategy; activities, programs and initiatives related to the bank's environment, society and governance (ESG), ensuring compliance with the bank's sustainable development strategy.

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Memorandum of Understanding signing ceremony between ABBank and Maybank in 2024. Photo: ABBank

ABBank said that Mr. Vu Van Tien will step down from the Board of Directors at the upcoming 2025 Annual General Meeting of Shareholders and focus on leading and directing this important Strategic Committee. This is a strong strategic commitment of ABBank to proactively coordinate and implement the policies of the Government and the State Bank in encouraging credit institutions to integrate ESG factors into their operational strategies with the following goals: Promoting sustainable development of the Bank; Better risk management in a volatile environment; Increasing capital attraction from investors and green financial funds.

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In November 2024, ABBank signed with ADB and ERM to implement the project "Environmental and Social Management System" specifically for Trade Finance. Photo: ABBank

“We plan to invest significant resources in this Committee, with senior personnel who are experts, have a broad vision, and have diverse professional experience in and outside the banking and finance sector, demonstrating ABBank's determination towards the sustainable development strategy and ESG implementation of the bank in the next decade,” shared an ABBank representative.

Previously, in November 2024, ABBank signed with the Asian Development Bank (ADB) and ERM Vietnam Company Limited (ERM) to implement the project "Environmental and Social Management System", dedicated to Trade Finance. The project is one of the first important steps of ABBank in implementing ESG, promoting green finance, sustainable development, and enhancing the role of social responsibility of ABBank and corporate customers.

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ABBank is focusing on improving its competitiveness through a strategy of enhancing flexible and effective financial solutions based on customer understanding and comprehensive digitalization of banking. Photo: ABBank

In 2024, ABBank will also continuously improve its system for technology platforms and human resources to prepare core resources, ready for projects to improve management capacity and competitiveness in the market. Many products and services for individual customers and SME customers will be improved and launched by ABBank in 2024 with a series of features and convenient interfaces based on customer understanding and integration of modern technology features.

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Many products and services for individual customers and SME customers will be improved and launched by ABBank in 2024. Photo: ABBank

Notably, the digital banking platform for businesses, ABBank Business, has received the love and trust of a large number of customers, contributing to the number of digital banking transactions of business customers in the third quarter of 2024 increasing by an impressive 248% compared to the second quarter of 2024 and increasing by 145% compared to the same period in 2023.

In particular, ABBank also left many positive marks on the market in 2024 through many campaigns joining hands with the community for a sustainable and developed future of Vietnam, including: the "Green An Binh - Green Vietnam" forest planting project to contribute to preventing landslides and erosion, creating livelihoods for people, supporting customers affected by storm Yagi, building key educational projects for students in highland areas, contributing to the budget to build houses for special priority subjects...

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ABBank will leave many positive marks on the market in 2024 through many campaigns joining hands with the community for a developed and sustainable future of Vietnam. Image of the Green An Binh - Green Vietnam project in Quang Binh. Photo: ABBank

On January 15, 2025, Mr. Vu Van Tien - Vice Chairman of the Board of Directors and Mr. Tran Ba ​​Vinh - Independent Member of the Board of Directors of ABBank submitted their resignations from the positions of Members of the Board of Directors of ABBank. In addition, Maybank - a foreign shareholder of ABBank also had a plan in advance to replace the representative of 50% of Maybank's capital contribution to join the Board of Directors of ABBank and nominate a replacement for Mr. Dato' John Chong Eng Chuan. The resignation and termination of the Board of Directors membership of the above personnel will take effect from the time the upcoming 2025 Annual General Meeting of Shareholders of ABBank approves the dismissal and elects a new replacement member of the Board of Directors.

Bich Dao