PR87358

HO CHI MINH CITY, Vietnam, Dec. 21, 2020 /PRNewswire=KYODO JBN/ --

Vinamilk is the very first and only Vietnamese company recognized as "ASEAN

ASSET CLASS" and at the same time, led Vietnam's Top 3 Listed Companies

according to the 2019 ASEAN Corporate Governance Scorecard results, a part of

the ASEAN Capital Market Forum (ACMF)'s ASEAN Corporate Governance Initiative.

The accomplishment was announced in the Annual Forum of the Vietnam Institute

of Board Members (VIOD) on December 10, 2020.

The ASEAN Corporate Governance Scorecard 2019 ("ACGS") compiled results from

nearly 600 enterprises in ASEAN, 82 of which are representatives from Vietnam.

The preliminary round put forward 35 enterprises with the highest score as

evaluated by Vietnamese experts. Subsequently, these 35 enterprises were

cross-evaluated by experts from the other 5 ASEAN countries to ensure

transparency, independence, and objectivity. Vinamilk is the first and only

Vietnamese company awarded in the "ASEAN Asset Class" category. To be qualified,

companies must earn a minimum of 75% of the maximum attainable score of 130.

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Mdm. Mai Kieu Lien - Board of Directors member, Chief Executive Officer of

Vinamilk shared: "Vinamilk's strategic direction is to proactively approach

international corporate governance standards. In addition to the strong

collaboration with local regulators such as SSC, HOSE, VIOD, etc., Vinamilk is

very much appreciative of the contributions made by international organizations

and investors, such as IFC, Mobius Capital Partners, Dragon Capital, Genesis in

helping Vinamilk achieve today results."

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With the outstanding efforts in 2020, a year with much uncertainty, Vinamilk

continues receiving several domestic and regional awards. Vinamilk has been

continuously improving its corporate governance practices, resulting in having

always been in the Top 5 Corporate Governance Report for listed companies since

2013, and being Top 10 Sustainable Development Enterprises in the manufacturing

sector for the 5th consecutive year. Furthermore, scoring a hat-trick of Vietnam's of

first prize in Best Corporate Governance, Best Annual Report and Best Sustainability

Report has further proven Vinamilk's readiness for regional awards.

As of 21st Dec, Vinamilk's market capitalization reached over USD10 billion.

This dairy manufacturer is the local market leader with more than 50% market

share, and its products have been exported to over 54 countries and regions

including RCEP members.

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According to the Organization for Economic Co-operation and Development - OECD,

how businesses are built and governed is critical to a country's economic

development. Effective corporate governance means more efficient use of

resources, better access to capital, better job opportunities, and the

opportunity to make national and regional capital markets more sustainable.

Investor Relations Contact:

Mr. Dong Quang Trung

+84-28-54-155-555  

dqtrung@vinamilk.com.vn

Media Contact:

Ms. Pham Hong Hanh

+84-28-54-155-555

phhanh@vinamilk.com.vn

SOURCE  Vinamilk

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=380887

   Caption: Vinamilk named "ASEAN Asset Class" and Vietnam's Top Listed Company for

Corporate Governance

   Link: http://asianetnews.net/view-attachment?attach-id=380890

   Caption: Vinamilk is one of the world's 50 largest dairy companies with 16

state-of-the-art factories and 13 dairy farms.

   Link: http://asianetnews.net/view-attachment?attach-id=380891

   Caption: Vinamilk is the Most Chosen Brand in the last 8 years in Dairy and Dairy

substitutes (source: Kantar Worldpanel)