SeABank honored in Top 10 Best Annual Reports 2025: Affirming transparency and sustainable growth

Vietnam Listed Company Awards 2025 (VLCA 2025) undergoes an independent scoring process conducted by an Expert Council, based on comprehensive criteria focusing on the quality, adequacy, and transparency of information disclosure; presentation structure; the alignment between corporate governance strategy and operational performance; and compliance with regulatory requirements. The preliminary assessment is conducted by the Vietnam Institute of Directors (VIOD), with the results independently reviewed by four leading audit firms (Deloitte, Ernst & Young, KPMG and PwC) before final appraisal by HOSE and HNX. This multi-layered evaluation process ensures the objectivity, independence and consistency of the VLCA results.

This is the 2nd consecutive year that SeABank has been recognized among Top 10 Best Annual Reports, reaffirming its sustainable development orientation and strong commitment to comprehensive information transparency for shareholders, investors, and other stakeholders.

Over the years, SeABank has identified corporate governance and information transparency as fundamental foundations and key drivers of long-term growth. The Bank has consistently adopted and implemented international standards such as IFC Corporate Governance Framework, G20/OECD Principles, ASEAN Corporate Governance Scorecard, and GRI standards, thereby strengthening a more standardized and effective governance system in line with leading international practices.

These efforts have been clearly demonstrated through SeABank’s early completion of all three Basel II pillars ahead of schedule, adoption of Basel III risk management standards, and enhancements in capital adequacy, liquidity management, and resilience to market volatility. In parallel, SeABank is among the pioneering banks to implement International Financial Reporting Standard - IFRS9, thereby enhancing transparency in asset quality, risk exposure and financial strength.

At SeABank, a “3-line of defense” model and COSO internal control framework are strictly applied to ensure an effective system of self-assessment, cross-layer supervision, and integrated risk control, thereby minimizing deviations and enhancing effectiveness. The Bank’s periodic disclosures, including the Annual Report, Corporate Governance Report, and Sustainability Report, are designed to: enhance data and strategic transparency; clearly demonstrate governance, operations and value-creation processes; and present information in a coherent, visual, and internationally aligned manner.

As a result, SeABank’s Annual Report has been highly evaluated for both its presentation and content, particularly for clearly demonstrating the linkage between strategic objectives - governance foundations - business performance.