Vietcombank continues to be the enterprise with the best sustainable development index in the market.

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) continues to affirm its position as a sustainable green financial institution when it was honored for the second consecutive time in the group of 20 enterprises with the best sustainability index in the market. Ho Chi Minh City Stock Exchange (HOSE) has just announced the List of component stocks of the Vietnam Sustainability Index (VNSI), effective from August 5, 2024. Accordingly, Vietcombank continues to affirm its position as a sustainable green financial institution when it was honored for the second consecutive time in the group of 20 enterprises with the best sustainability index in the market.

Vietcombank has gradually affirmed and firmly consolidated its position as a pioneering bank, constantly innovating in all aspects of its operations. Photo: VCB

The Vietnam Sustainability Index (VNSI) was launched by HOSE in collaboration with the German International Cooperation Agency (GIZ) and the State Securities Commission of Vietnam in July 2017 to honor businesses that meet sustainable development criteria and measure sustainable investment performance in the stock market. This index has received increasing attention from investors, especially institutional investors and foreign investment funds in Vietnam. By the end of April 2024, the VNSI index reached 1,988.54 points, up 97.8% compared to the starting value, the total capitalization value of 20 companies with stocks in the VNSI portfolio reached more than 1.7 million billion VND, equivalent to 70 billion USD (accounting for 35.8% of the total capitalization value of the whole market). Vietcombank is proud to be the enterprise with the largest capitalization in the index in particular and in the whole market in general with a scale of nearly 20 billion USD. This success is a recognition of Vietcombank's continuous efforts in pursuing a sustainable development strategy, promoting transparency, responsibility and creating common values ​​for the community. Vietcombank's 2024 assessment results have shown positive improvements in all three aspects: Environment, Society and Governance, demonstrating Vietcombank's continuous improvement journey towards the strategic goal of being the best ESG-practicing bank in Vietnam. After more than 60 years of construction and development, Vietcombank has gradually affirmed and firmly consolidated its position as a pioneering bank, constantly innovating in all aspects of its operations, leading the banking system in terms of quality and operational efficiency. By the end of 2023, Vietcombank's total assets reached 1.8 million billion VND, pre-tax profit exceeded 1.5 billion USD. Vietcombank is also honored by prestigious organizations around the world with the title of "Best Bank in Vietnam" for many consecutive years; ranked highest among commercial banks in Vietnam by the three most prestigious international credit rating organizations in the world (S&P, Fitch Ratings, Moody's). In addition to outstanding business results, Vietcombank is always interested in social security activities for the community, affirming the high sense of social responsibility of a major brand. In the period of 2019 - 2023, Vietcombank has spent more than 1,900 billion VND to sponsor social security and charity programs, contributing to improving the quality of life for people in disadvantaged localities across the country. With the orientation to 2030 to maintain the position of No. 1 Bank in Vietnam, standing in the 200 largest banking and financial groups in the world, 700 largest listed enterprises globally and making great contributions to the sustainable development of Vietnam, Vietcombank aims to be the leader in environmental, social and corporate governance (ESG) through the Environmental and Social Management System (ESMS) and the Environmental and Social Risk Management System in accordance with the Vietnam Sustainable Development Index of the VNSI Standards, gradually moving towards sustainable development goals on ESG according to international standards. In that journey, Vietcombank's core cultural values ​​of "Trust - Standard - New - Durable - Human" will continue to be the guiding compass for Vietcombank to sail the waves and reach far. Source: https://daibieunhandan.vn/tai-chinh-doanh-nghiep/vietcombank-tiep-tuc-la-doanh-nghiep-co-chi-so-phat-trien-ben-vung-tot-nhat-thi-truong--i382581/