Press Release – Annual Forum 2018: “Governing for Sustainability”

Event: Annual Forum 2018: “Governing for Sustainability”

Time: 7th December 2018 (8:00 am – 12:00 pm)

Venue: Ballroom 1-2, Floor 3, Sheraton Saigon Hotel, 88 Dong Khoi, District 1, Ho Chi Minh City

Ho Chi Minh City, Vietnam, Dec 7, 2018 – Today, the Vietnam Institute of Directors (VIOD) and the Vietnam Corporate Governance Initiative (VCGI) co-organize the Annual Corporate Governance Forum 2018 on Governing for Sustainability. The event is held in partnership with the State Securities Commission of Vietnam (SSC), the Ho Chi Minh (HOSE) and Hanoi (HNX) stock exchanges and supported by International Finance Corporation (IFC), Switzerland’s State Secretariat for Economic Affairs (SECO) and the Government of Japan.

With participation from leading national and international experts, senior executives from corporations and professional organizations, the Forum will focus on how Board of Directors can support companies to pursue long-term sustainability in Vietnam’s fast-growing economy. At this event, VIOD and VCGI will also launch the 2018 Vietnam Corporate Governance Country Report and VIOD’s corporate membership program for directors.

The Forum is being held against a backdrop of Vietnam’s goal to join the group of higher middle-income countries through rapid and sustainable growth. To help achieve this target, businesses have a common interest in building a strategic vision for sustainable business, while balancing environmental and social factors. Madame Ha Thu Thanh, Board Chairperson of VIOD and Deloitte Vietnam, said boards of directors (BOD) have a key role to play in creating such sustainable business development strategies.

 

Madame Ha Thu Thanh, Board Chairperson of VIOD and Deloitte Vietnam

With BODs in Vietnam facing increasingly complex challenges in building a strategic vision for sustainable business while balancing environmental and social factors, the Forum will help board members and senior executives more profoundly realize global trends and good practices in sustainable development as well as create a valuable networking platform to connect and share experiences in corporate governance practices towards sustainable development for businesses.

“IFC has seen capital markets’ increased interest in how boards of directors respond to issues relating to environmental and social impacts. Environmental, social and governance has become an important factor in investors’ decisions,” said Mr. Kyle Kelhofer, IFC Country Manager for Vietnam, Cambodia and Lao PDR. “With clear links between good environmental and social performance and long-term profitability, boards that commit to sustainability best practices will be better positioned for greater investment and engagement from investors.”

Mr. Kyle Kelhofer, IFC Country Manager for Vietnam, Cambodia and Lao PDR leads the panel discussion on Board of Directors in the Context of Sustainable Development with [from left to right] Ms. Tran Anh Dao, Executive Vice President of HOSE, Mr. Amar Gill, Managing Director and co-Head of Investment Stewardship in APAC, BlackRock, Madame Vu Thi Thuan, Chairwoman of Traphaco, Dr. Allinnettes Go Adigue, Global Reporting Initiative and Mr. Dominic Scriven OBE, Chairman of Dragon Capital Group

A key factor contributing to a Board’s performance is its diversity, especially as corporate governance best practice encourages diversity in gender, nationality, experience, occupation and position. “The diversity of board members supports them to evaluate issues from a variety of perspectives before making decisions and to complement each other to increase the effectiveness of the BOD,” said Dr. Vu Bang, member of the Prime Minister’s Advisory Group and Chairman of VCGI.

Dr. Vu Bang, member of the Prime Minister’s Advisory Group and Chairman of VCGI

The event will be attended by more than 150 participants, including chairpersons and representatives from BODs, CEOs and senior executives from listed public companies on the HOSE and HNX, regulators, investment funds and media. This annual forum underlines VIOD’s efforts to improve BOD professionalism in Vietnam, with good corporate governance playing a pivotal role in the sustainable development of businesses.

Information about the Event Organizers

About VIOD

Vietnam Institute of Directors (VIOD) is an independent organization, which promotes corporate governance standards and best practices in the Vietnamese corporate sector. VIOD is a social enterprise, which aims to advance board professionalism, promote business ethics and transparency, create a pool of independent directors, build a network to connect corporate leaders and stakeholders, and help companies inspire investor confidence.

VIOD is governed by a board of directors comprising private sector representatives — in collaboration with and supported by the SSC, HOSE and HNX under the Vietnam Corporate Governance Initiative. Our board members encompass a diverse group of business leaders and advocates of good corporate governance in Vietnam. They include senior dignitaries from investment funds, well-known international legal and accounting firms, and independent board members of prominent companies in the market.

VIOD was formed with technical support from the International Finance Corporation (IFC), a sister organization of the World Bank and a member of the World Bank Group, and Switzerland’s State Secretariat for Economic Affairs SECO. For more information, visit www.viod.vn

About VCGI

The Vietnam Corporate Governance Initiative (VCGI) was launched in December 2016 by the International Finance Corporation (IFC), Ho Chi Minh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) with support from the State Securities Commission of Vietnam (SSC). VCGI is a platform to collaborate and promote good governance practices in the Vietnamese corporate sector. The VCGI’s Council is now composed of 18 individual members who are corporate governance experts and representatives from regulators and private sector stakeholders.

About IFC

IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org.

Press Release (Vietnamese) here

 

Press contact:

Ms. Phuong Duong Huyen

Phone: +84 (0) 902 800 845

E-mail: info@viod.vn

 

NEWS

BOD professionalism and corporate governance key to sustainable growth by Vietnam Investment Review

Corporate Governance Forum 2018 by Vietnam Economics Times

Annual Forum 2018: “Governing for Sustainability” by FBNC Vietnam