On December 5, 2024, Vietnam National Reinsurance Corporation (HNX: VNR) was honored to be named among the Top 50 Pioneering enterprises committed to improve corporate governance in Vietnam – VNCG50. VNCG50, is being evaluated and presented for the first time by the Vietnam Institute of Directors (VIOD), with the support of the International Finance Corporation (IFC), the Swiss Economic Cooperation and Development Agency (SECO), and the State Securities Commission of Vietnam (SSC).

As the national reinsurer of Vietnam and a listed public company, VINARE is committed to transparency, fairness, and adherence to the highest business ethics principles, always ensuring the interests of stakeholders and full compliance with legal regulations. With this commitment, VINARE continually strives to establish, improve, and enhance governance principles and operational regulations, while building a professional and efficient corporate governance system. In addition to complying with state regulations, VINARE also proactively references and applies the latest international standards and best practices. This not only enhances the effectiveness of management but also strengthens and firmly establishes its position as a leading reinsurance company, making a significant contribution to the sustainable development of Vietnam’s insurance market.

Currently, investors, particularly international investment funds, are shifting their focus to companies that practice transparent corporate governance, coupled with measuring the impact of business operations on the environment and society. Corporate governance is not only a key factor in attracting capital flows but also a powerful tool for building trust with the market, partners, and suppliers. Governance, aligned with ESG standards, has become an important benchmark in assessing a company’s competitiveness and commitment to sustainable development, reflecting clearly its social and environmental responsibility. This also forms the foundation for enhancing transparency and accountability in the company’s sustainable development strategy.

The year 2024 marks an important milestone in enhancing the quality of corporate governance in Vietnam. As corporate governance requirements become increasingly stringent, investing in effective governance linked with ESG has shifted from being a choice to becoming an essential need for enterprises, especially listed companies and public enterprises.