The year 2025 marks a significant milestone in the corporate governance journey of Vietnam National Reinsurance Corporation (VINARE), as the company was consecutively recognized at two of the most prestigious market events: the 8th Annual Corporate Governance Forum (AF8) and the 18th Listed Companies Awards (VLCA). At AF8, VINARE made a breakthrough appearance by being honored across all three key award categories for the first time, while simultaneously reaffirming its strong market position through its continued recognition at VLCA – solid evidence of the company’s persistent efforts in disclosure transparency and alignment with best governance practices.

On 5 December in Ho Chi Minh City, VINARE was named in three major categories at AF8, including: ACGS20 – Top enterprises committed and pioneering toward ASEAN Asset Class Standards, Top VNCG50 2025 – Recognizing enterprises leading in Good Corporate Governance toward the VNCG50 index, and Top 05 “Board of the Year” 2025. This marks the first time VINARE has simultaneously appeared in all three categories, reflecting strong market recognition of the company’s governance capabilities and its pioneering role in applying transparency standards aligned with regional and international practices. Beyond merely meeting regulatory requirements, VINARE has proactively aligned itself with international governance standards such as ACGS and VNCG50, underscoring its commitment to achieving elevated levels of transparency, accountability, and effectiveness – attributes highly valued by investors.

Corporate Governance – A Strategic pillar at VINARE

Over the years, VINARE has identified corporate governance as a strategic pillar and a foundation for sustainable growth in the insurance and reinsurance sector. The company continues to refine its governance structure toward greater separation of roles, professionalism, and efficiency; strengthen the supervisory role of the Board of Management; emphasize long-term strategic planning; and embed governance practices into its risk management culture. VINARE is also transitioning from a passive compliance mindset to a proactive compliance approach, accelerating digital transformation, standardizing data, diversifying disclosure channels, advancing ESG policies, and enhancing engagement with shareholders and investors.

The company has also developed and issued a Corporate Culture Code based on integrity, transparency, and accountability, helping to foster a modern governance mindset across its entire system and enabling faster alignment with ASEAN and global corporate governance standards. Thanks to this strong strategic orientation, corporate governance practices at VINARE have moved beyond slogans and are now delivering practical effectiveness – strengthening the company’s reputation in the capital market, improving risk management quality, and enhancing shareholder trust.

This year’s AF8 attracted more than 320 participants from enterprises, investment funds, financial institutions, and both domestic and international experts. The event was organized by the Vietnam Institute of Directors (VIOD) with the support of the International Finance Corporation (IFC), the Swiss Secretariat for Economic Affairs (SECO), the State Securities Commission, and Vietnam’s stock exchanges. As the leading corporate governance forum in Vietnam, AF8 reflects the market’s growing emphasis on transparency and sustainable development standards.

VINARE Continues to Excel at VLCA 2025

Alongside its achievements at AF8, on 3th December, VINARE was once again recognized at the 18th Listed Companies Awards (VLCA), securing a position among the Top 10 Mid-Cap Companies with Best Corporate Governance. Selected from hundreds of listed companies reaching the final round, this result highlights VINARE’s sustained efforts in maintaining transparent, high-quality disclosures and building a governance system aligned with best practices. The event was attended by leaders of the Ministry of Finance, the State Securities Commission, Vietnam’s stock exchanges, and more than 300 listed companies, underscoring VLCA’s reputation and its critical role in raising corporate governance awareness over the past 18 years.

A Foundation for Sustainable Development

VINARE’s simultaneous recognition across all three AF8 categories and at the 18th VLCA serves as an objective affirmation of the company’s long-term commitment to sustainable development. These achievements reinforce shareholder and investor confidence in the company’s strategic direction while demonstrating VINARE’s governance capabilities amid rising expectations of transparency, international standards, and risk management in the insurance and reinsurance industry.

More importantly, this recognition serves as a catalyst for VINARE to further strengthen its governance framework in accordance with global best practices, elevate management quality, and enhance operational performance. For VINARE, these awards are not the final destination but rather a reaffirmation of its responsibility to continuously innovate governance thinking, improve competitiveness, accelerate digital transformation, enhance disclosure standards, and reinforce its pioneering role in Vietnam’s reinsurance sector.

By staying committed to modern governance and sustainable development principles, VINARE aims not only to contribute positively to the advancement of Vietnam’s insurance sector but also to accompany the country’s efforts to elevate its capital market in the broader context of regional and global integration.