Vietcombank successfully organized the 2024 Annual General Meeting of Shareholders

Attending the Congress, on behalf of the State Bank of Vietnam (SBV), there were Mr. Le Anh Xuan - Deputy Director of the Department of Finance and Accounting, SBV; Mr. Dang Duy Cuong - Deputy Director of the Department of Organization and Personnel, SBV; Ms. Le Thi Dung - Deputy Director of Department I, Banking Inspection and Supervision Agency, SBV.

On the side of the Central agencies and the Central Business Bloc Party Committee, there were Mr. Nguyen Quang Duc - Deputy Chief of Office of the Central Business Bloc Party Committee; Mr. Dang Tran Thuy - Chief Inspector of the Area VI Department, Central Party Inspection Committee.

On the side of the Ministry of Public Security, there was Mr. Pham Hong Kien - Deputy Head of Monetary Security Department, Department A04, Ministry of Public Security.

On the side of Vietcombank's independent auditor, there is Ms. Dang Phuong Ha - Deputy General Director of Ernst and Young Vietnam Co., Ltd.

Also attending were representatives of the Central Government; the Banking Inspection and Supervision Agency, the State Bank of Vietnam; the Department of Credit Institutions and Banking Activities Management - State Bank of Vietnam, Hanoi Branch; officers from Department 8, Department C03, Ministry of Public Security; officers from Department 4, Department A04, Ministry of Public Security.

The Presidium of the 2024 Vietcombank Annual General Meeting of Shareholders.

On Vietcombank's side, there were: Mr. Do Viet Hung - Member of the Board of Directors in charge of the Board of Directors; Mr. Nguyen Thanh Tung - Member of the Board of Directors, General Director; members of the Board of Directors, members of the Executive Board, Heads and members of the Supervisory Board, Chief Accountant, Heads/Managers of units at TSC and TSC's Departments/Divisions in the regions; Directors/Deputy Directors in charge, Chairmen of the Board of Members, Directors of Companies and Subsidiary Banks under Vietcombank; Heads of Vietcombank's representative offices in the country and abroad.

In particular, the Congress was attended by shareholders who are institutional and individual investors who have placed their trust, accompanied and developed together with Vietcombank.

The Congress unanimously approved the Presidium of the Congress including: Mr. Do Viet Hung - Member of the Board of Directors in charge of the Board of Directors, Chairman; Mr. Nguyen Thanh Tung - Member of the Board of Directors, General Director, Member; Mr. Le Anh Xuan - Deputy Director of the Department of Finance and Accounting, State Bank of Vietnam, Member; Mr. Nguyen My Hao - Member of the Board of Directors, Member; Ms. Phung Nguyen Hai Yen - Deputy General Director, Member.

Mr. Do Viet Hung - Member of the Board of Directors in charge of the Board of Directors, delivered the opening speech of the Congress and presented the Board of Directors' Report on activities in 2023 and orientation for 2024.

At the Meeting, shareholders listened to Mr. Do Viet Hung - Member of the Board of Directors in charge of the Board of Directors, present the Board of Directors' Report on activities in 2023 and orientation for 2024.

Mr. Nguyen Thanh Tung - Member of the Board of Directors, General Director presented the Report of the Executive Board on business performance in 2023 and orientation for 2024; Mr. Lai Huu Phuoc - Head of the Supervisory Board presented the Report of the Supervisory Board on business performance in 2023 and orientation for 2024.

Mr. Nguyen My Hao - Member of the Board of Directors presented and voted to approve the Congress Regulations.

The Congress also considered other important contents including: Submission on the approval of the audited financial statements and profit distribution plan for 2023; Submission on remuneration for the Board of Directors and the Board of Supervisors in 2024; Submission on the selection of an independent auditing company to audit the financial statements and internal control system for 2025 - 2026; Submission on the restructuring plan associated with bad debt settlement of Vietcombank for the period 2021 - 2025.

Mr. Nguyen Thanh Tung - Member of the Board of Directors, General Director presented the Executive Board's Report on business performance in 2023 and orientation for 2024.

At the Congress, the Presidium received many opinions from shareholders and all opinions were fully and clearly answered by the Presidium.

Mr. Lai Huu Phuoc - Head of the Board of Supervisors presented the Board of Supervisors' Report on the performance results in 2023 and orientation for 2024.

In 2023, in the context of many difficulties in the world and domestic economy, Vietcombank continues to firmly affirm its leading position in the banking industry in terms of quality and operational efficiency. By December 31, 2023, total assets reached more than 1.84 million billion VND, outstanding credit reached ~1.28 million billion VND, an increase of 10.8% compared to the end of 2022.

Pre-tax profit reached ~ 41,244 billion VND, up ~ 10% compared to 2022. Bad debt is controlled at 0.99% - the lowest among large-scale credit institutions, the ratio of on-balance sheet bad debt provisioning reached ~ 227%, among the highest in the market.

Vietcombank continues to be one of the enterprises with the largest contribution to the state budget (over 11,600 billion VND), for the 8th consecutive time being evaluated as the bank with the best working environment in Vietnam, and for the 4th consecutive time being honored as a typical enterprise for employees.

Not only firmly holding the position of the largest listed enterprise in Vietnam, Vietcombank has continued to be listed in the List of 100 banks with the largest capitalization globally.

2023 is the first year that Vietcombank has entered the Top 20 Enterprises with the best Sustainable Development Index (VNSI) in the stock market in 2023. Being in the Top 20 VNSI in 2023 is a recognition of Vietcombank's continuous efforts in its commitments to join the Vietnamese Government in implementing a sustainable development strategy, promoting transparency, responsibility and creating common values for the community.

In particular, in 2023, Vietcombank was honored to be awarded the noble title of Hero of Labor by the Party and State on the occasion of its 60th anniversary (April 1, 1963 - April 1, 2023) in recognition of Vietcombank's persistent contributions to the cause of national construction and defense over the past 6 decades.

Ms. Phung Nguyen Hai Yen - Deputy General Director presented the Report on the approval of the audited financial statements and the profit distribution plan for 2023; Report on remuneration for the Board of Directors and the Board of Supervisors in 2024.

Orientation of activities in 2024, continuing the motto of action "Transformation - Efficiency - Sustainability" and the guiding and operating viewpoint "Responsible - Decisive - Creative", on the basis of Vietcombank's Development Strategy to 2025, vision 2030, the entire Vietcombank system continues to strive to synchronously implement tasks and solutions, striving to complete the 2024 business plan.

Accordingly, the main indicators such as: Total assets increase by 8% and adjust in line with the assigned credit growth rate, TT1 capital mobilization increases by 8% and adjusts in line with the assigned credit growth rate, credit growth according to Official Dispatch No. 3543/NHNN-TCKT dated April 24, 2024 of the State Bank (maximum growth rate assigned is 15.93%) and implemented according to the announcement of the State Bank, bad debt ratio according to Circular 11/2021/TT-NHNN controlled at below 1.5%, pre-tax profit implemented according to the approval of the State Bank.

After half a working day, the 17th Annual General Meeting of Shareholders of Vietcombank has concluded its agenda. The Minutes and Resolution of the Meeting with many important contents were approved by 100% of shareholders attending the meeting.

The Presidium and shareholders voted to approve the meeting contents.

With the great efforts and determination of the Board of Directors and all employees in the entire system, Vietcombank will focus its resources and successfully complete the tasks assigned by the General Meeting of Shareholders in 2024, contributing to realizing Vietcombank's strategic goals until 2025 and vision to 2030, continuing to affirm its No. 1 position in Vietnam, among the 200 largest banking and financial groups in the world, one of the 700 largest listed enterprises globally, making great contributions to the development of Vietnam.

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