SHB has consistently been recognized among the Top 10 enterprises with the best Annual Reports in the Finance industry, highlighting the Bank’s exceptional commitment to information transparency and corporate governance aligned with best practices in sustainable development.

On November 16, the Vietnam Listed Company Awards (VLCA) 2024 ceremony was held in Da Lat, Lam Dong. Saigon – Hanoi Commercial Joint Stock Bank (SHB) was recognized for the fourth time among the Top 10 Enterprises with the Best Annual Reports in the Finance industry, reaffirming its prominence, credibility, and commitment to transparency as one of Vietnam’s leading private banks.

Established in 2008, the Annual Report Award, now known as the Listed Company Award, has become an annual event dedicated to recognizing and celebrating businesses that excel in reporting, information disclosure, regulatory compliance, good governance, and ESG practices. The program is jointly organized by Ho Chi Minh City Stock Exchange, Hanoi Stock Exchange, Securities Investment Newspaper, and Dragon Capital Fund Management Company.

With technical support from partners including the Association of Chartered Certified Accountants (ACCA), the Vietnam Institute of Directors (VIOD), the International Finance Corporation (IFC), and leading auditing firms such as PwC, Deloitte, KPMG, and EY, along with informational backing from the State Securities Commission and the two stock exchanges, the VLCA 2024 award results reflect a rigorous and objective evaluation process.

SHB’s 2023 Annual Report, themed “Stretching like a Sacred Dragon,” received high praise from the Organizer for meeting stringent criteria in both content and presentation. This recognition highlights SHB’s exceptional efforts in delivering transparent annual report information and adhering to best practices in corporate governance and sustainable development. These efforts aim to enhance operational efficiency while maximizing benefits for customers, shareholders, investors, partners, the community, and the bank itself.

Mr. Dinh Ngoc Dung – Director of SHB Corporate Banking Division represented the Bank to receive the award.

With 31 years of growth and development, SHB has solidified its position as a leading financial institution in Vietnam, extending its reach to regional and international levels. The bank is among the Top 5 largest private commercial banks in Vietnam by charter capital, ranks in the Top 10 most prestigious private commercial banks in Vietnam according to Vietnam Report, and holds the 137th position in the Top 500 largest enterprises in Southeast Asia as listed by the American magazine Fortune.

In the first 9 months of the year, SHB’s accumulated pre-tax profit reached VND9,048 billion, fulfilling 80% of the annual plan. As of September 30, 2024, total assets amounted to VND688,387 billion, an increase of 9.2% compared to the end of 2023. SHB’s business performance indicators remain among the top in the industry.

In addition to its business activities, SHB actively engages in community-focused social security initiatives. Recently, the bank contributed to a program aimed at eradicating temporary and dilapidated housing for poor and near-poor households nationwide. SHB also implemented interest exemptions and reductions to support customers affected by storms and floods, with an estimated contribution of nearly VND 150 billion. Furthermore, SHB sponsored the construction of two school projects in Dien Bien province, valued at VND 12.5 billion, and continued its collaboration with the Ministry of Public Security to build 150 houses and one school for communities in disaster-affected areas.

From 2024 to 2028, SHB will channel its resources toward executing a robust and comprehensive Transformation Strategy built on four key pillars: Institutional reform; People-centricity; Customer-centricity; Modernized information technology and digital transformation. The bank remains steadfast in upholding its six core cultural values: “Heart, Faith, Trustworthiness, Knowledge, Wisdom, and Greater Heights”.

SHB sets a strategic goal of becoming a leading bank in terms of efficiency, the most popular digital bank, the premier retail bank, and the primary provider of financial services to strategic corporate customers with green supply chain and ecosystem.

On the development journey, SHB is always determined with the orientation of sustainable, safe and effective development, continuously improving management capacity according to international standards and modern models. In addition, the Bank will continue to accompany the creation and spread of good values to society and the community, joining hands to build the country in the new era – the era of national development.

Throughout its development journey, SHB remains steadfast in its commitment to sustainable, secure, and efficient growth, consistently enhancing its management capabilities in line with international standards and modern practices. Furthermore, the bank is dedicated to fostering and promoting positive values within society and the community, contributing to the nation’s progress in this new era of development.