FPT Named Among Top 5 Vietnamese Enterprises with Best Corporate Governance Quality in ASEAN 2024

Hanoi, June 6, 2025 – At the seminar titled “Resolution 68-NQ/TW on the Development of the Private Economy: What Opportunities for Listed Enterprises and Public Companies?” organized by the Vietnam Institute of Directors (VIOD) and the State Securities Commission (SSC), FPT was honored among the Top 5 Vietnamese enterprises with the highest Corporate Governance scores in the ASEAN region in 2024, according to the results of the ASEAN Corporate Governance Scorecard (ACGS).

The Top 5 enterprises will represent Vietnam at the ASEAN Corporate Governance Awards Ceremony to be held in Malaysia in July.

Representing FPT Corporation, Ms. Mai Thi Lan Anh, Director of FPT Communications, received the award.

The ASEAN Corporate Governance Scorecard evaluates enterprises based on the following criteria: protection and equitable treatment of shareholders; resilience and sustainability; disclosure and transparency; competence and effectiveness of the Board of Directors. Notably, Resilience and Sustainability was included as an evaluation criterion for the first time this year, reflecting the global trend of integrating ESG principles into corporate governance strategies.

According to VIOD, leading enterprises in corporate governance, including FPT, not only achieved outstanding scores compared to the national average, but also came close to the ASEAN regional average. Specifically, in the Resilience and Sustainability criterion, the average score of leading Vietnamese enterprises was 75%, compared to 79% for the ASEAN average. In the Disclosure and Transparency criterion, the average score of top Vietnamese enterprises was 75%, while the ASEAN average stood at 76%.

This recognition once again affirms FPT’s modern, transparent, and sustainable governance capacity amid rising international standards and an evolving domestic institutional landscape. According to VIOD, Resolution 68-NQ/TW identifies the private sector as the most important driving force of the economy, while calling for the urgent establishment of a modern, transparent, stable, and synchronized institutional framework.

The core principle is a shift from the “ask–give” model to one of “empower–protect–enable”, creating a legal corridor that encourages innovation, fair competition, and efficient investment. In this context, Corporate Governance (CG) is recognized as a strategic lever enabling enterprises to capitalize on institutional opportunities, achieve rapid and sustainable growth, and integrate deeper into markets with the participation of international investment funds.

Last year, FPT was also recognized by VIOD for its Board of Directors’ strong commitment to good corporate governance practices. The Board of FPT is diverse in expertise and experience and adheres to international best practices on gender balance and independent directorships. All board members possess knowledge or professional experience in finance, risk management, information technology, law, business administration, international markets, and corporate governance. Specifically, one member has extensive experience in finance, five members have long-standing experience in information technology, and one member has deep expertise in investment and corporate governance.

With nearly half of the Board comprising independent directors, FPT ensures objectivity and efficiency in decision-making to promote the sustainable development of the Corporation and the best interests of shareholders and stakeholders. FPT’s independent directors possess the necessary qualifications, professional expertise, and comply with the IFC’s definition of independent directors, helping to ensure objectivity in decision-making, especially in situations involving potential conflicts of interest.

Over the years, FPT has strictly complied with all key legal regulations on corporate governance and those applicable to listed companies. To further enhance compliance and governance quality, the Corporation has consistently aligned its practices with international standards, through the adoption of principles from the OECD Corporate Governance Guidelines, the ASEAN Corporate Governance Scorecard, and the Vietnam Corporate Governance Code of Best Practices, jointly developed by the State Securities Commission and the International Finance Corporation (IFC).

FPT’s continuous efforts have been highly recognized by investors, financial institutions, and reputable organizations domestically and internationally through prestigious awards such as: Top 5 Large-cap Enterprises with Best Corporate Governance, Top 3 Vietnamese Enterprises with the Best Corporate Governance Scores in ASEAN, Top 15 Listed Companies with Outstanding Financial Governance Capacity, among others.