On April 20, the Vietnam Institute of Directors (VIOD), a member of the esteemed Global Network of Director Institutes (GNDI), commemorated its fifth anniversary with a ceremony held at the Melia Hanoi Hotel.
The event was conducted in a hybrid format, with a component held in Hanoi and virtual connections established with leadership representatives from other GNDI member institutes and relevant international organisations. The ceremony was organised by the VIOD together with its media partner, Newday Media.
|The ceremony at the Melia Hanoi Hotel |
The VIOD was formally launched in April 2018 as part of the Vietnam Corporate Governance Initiative, with founding members including the International Finance Corporation, the Swiss State Secretariat for Economic Affairs, and with the support of the State Securities Commission of Vietnam, the Ho Chi Minh City Stock Exchange, and the Hanoi Stock Exchange.
The VIOD's primary objective is to become the foremost leader in promoting and enhancing the quality of corporate governance (CG) in the Vietnamese market. To achieve this goal, it has executed comprehensive CG programmes and awareness-raising campaigns through events that facilitate connections and support the professional development of the VIOD's board members.
These initiatives are focused on enhancing the efficacy of boards and specialised committees in Vietnamese businesses through the development of sound thinking and the execution of effective actions.
The transparent and sustainable development of Vietnam's capital market plays a crucial role in promoting green growth by integrating environmental, social, and governance factors. Creating a balanced and comprehensive CG ecosystem comprising market management and operational agencies, businesses, and intermediate institutions that support, represent, and reinforce the quality of board members is seen as vital.
The VIOD is one such institution that aims to promote and enhance the quality of Board of Directors members by standardising training and promoting professionalism to increase investor trust and improve effectiveness.
|Ha Thu Thanh, chairperson of the VIOD, speaking at the event |
Over the past five years, thanks to the support of its founding and accompanying partners, the VIOD has gradually implemented programmes and activities aimed at deepening governance awareness and participating in CG assessment projects in Vietnam and ASEAN.
The VIOD has also attended technical training conferences and seminars that contribute to enhancing the transparency and sustainable development of Vietnam's securities and capital markets.
The fifth-anniversary ceremony, themed Building Better Values, was an opportunity for the VIOD to express its gratitude to its partners for their trust and support during the five-year journey, reflect on proud milestones, and reaffirm its commitment to building and connecting to create even better values for Vietnam's business community.
The ceremony featured the participation of leaders from market management agencies and both international and domestic organisations, including the GNDI, the Director Institutes of Canada, Malaysia, Hong Kong, and Singapore, the Institute of Directors South Africa, the Gulf Cooperation Council, the Malaysian Alliance of Corporate Directors, VinaCapital Investment Fund, Vietnam Dairy Products JSC, and more than 100 other guests.
| ||5th Annual Corporate Governance Forum held by VIOD and VIR |
The 5th Annual Corporate Governance Forum took place on December 9 in the Reverie Saigon, Ho Chi Minh City, with the theme "Stronger leadership for a multi-threat world". The annual event is co-organised by the Vietnam Institute of Directors (VIOD), a member of Global Network of Director Institutes and Vietnam Investment Review.
| ||Corporate governance at forefront |
Although there are still issues that need specific guidance, the Law on Enterprises 2020 is coming to life, gradually raising corporate governance to a professional level.
| ||Elevating the optimal capacity of corporate governance in Vietnam |
The 2022 OECD-Asia Roundtable on Corporate Governance, held in Hanoi in October, drew numerous stakeholders. The forum focused on building resilient and sustainable supply chains, which supports the implementation of corporate governance policies and practices in the region in accordance with the accepted global principles of corporate governance.