As a Sustainable & Responsible Investor (SRI) VIETNAM HOLDING LTD. (VNH), and its fund manager VIETNAM HOLDING ASSET MANAGEMENT LTD. (VNHAM), are firmly convinced that the transparency of market practices and market participants is a key determining factor in the healthy and sustainable development of Vietnam's capital markets. Both companies are committed to actively contributing to the elevation of corporate governance standards and practices in Vietnam.

Demonstrating this corporate governance commitment with their own organizational structure, the Boards of Directors of VNHAM and VNH are strictly segregated. The Chairman and the Managing Director of VNHAM, may attend VNH board meetings, but not as voting members.

The corporate organization includes internal compliance and audit functions, which report to the board of VNH. The audit is conducted by a major international accounting firm while the compliance reporting is the responsibility of the VNHAM board. As an investor in Vietnam, VNH emphasizes the application of sound corporate governance principles in all of its core investments.

The company will fulfill its fiduciary investment responsibility towards its shareholders by incorporating environ- mental, social and corporate governance (ESG) factors into its investment analysis and decision-making process.

Through its VNH Forum events which the investment manager has organized at regular intervals since 2007, the Company will promote acceptance and implementation of the ESG principles within companies in the VNH portfolio and within the Vietnamese business environment.

For more details on the VNH Forum please visit the Corporate Governance page of the “Asset Management” section of this website.

On its behalf, and in conjunction with the State Securities Commission (SSC), VNHAM has published a booklet “Building Good Corporate Governance Practice in Vietnam”, which is available upon request here.