SELECTION CRITERIA
AND PROCESS

Annual Report Awards
Corporate Governance Awards
Sustainability Report Awards
Progress Award

Award Categories

Top 10

Companies in the Financial Sector

Top 20

Companies in the Non-Financial Sector

Top 10

Companies with the Best Corporate Governance – Large-Cap Group

Top 10

Companies with the Best Corporate Governance – Mid-Cap Group

Top 5

Companies with the Best Corporate Governance – Small-Cap Group

1 First Prize

1 Second Prize

1 Best Greenhouse Gas Management Report

3 Special Awards

Best Overall Reporting

Most Reliable Reporting

Best Presentation

3 Awards

Awarded to 3 most improved listed companies in each main award category

Annual Report Selection Process
Corporate Governance Selection Process
Sustainability Report Selection Process

SELECTION PROCESS

Eligible annual reports from the fiscal year under consideration and registered for the awards will go through two rounds: the Preliminary and Final rounds.

Preliminary Round

An independent third party evaluates the annual reports of registered listed companies that meet the eligibility criteria.
Based on nominations from HOSE and HNX, the Organizing Committee invites four auditing firms – Deloitte, Ernst & Young, KPMG, and PwC to review the Preliminary Round results.
Based on the post-review results, the Organizing Committee selects the reports advancing to the Final Round.

Final Round

The Judging Panel evaluates the reports based on the results from the Preliminary Round, the audit reviews, and additional discussions to select the award-winning annual reports in each sector.

SELECTION PROCESS

Participating companies must be part of the VNX Allshare Index. Evaluation is based on reliable information publicly disclosed on the company website, the stock exchange websites (HoSE and HNX), the State Securities Commission website, and the Vietnam Securities Depository, including the Annual Report, Corporate Governance Report, Sustainability Report, Corporate Charter, Governance Regulations, and Shareholders’ Meeting materials.

Preliminary Round

An independent third party with corporate governance expertise conducts preliminary evaluations of the governance content in each company’s report using a standard set of criteria.
Based on the nominations from this evaluation, the Organizing Committee invites Deloitte, Ernst & Young, KPMG, and PwC to review the Preliminary Round results.
Following this review, the Organizing Committee determines the companies with good governance practices for the Final Round.

Final Round

The Judging Panel evaluates companies based on the Preliminary Round results, audit reviews, and discussions to select the award-winning companies in each market-cap group.

SELECTION PROCESS

Preliminary Round

An assessment of the Environmental and Social content is conducted using the same criteria applied to the Annual Report evaluation.

Final Round

Companies that meet the minimum score requirements for Environmental & Social content and those with standalone Sustainability Reports are selected for Final Round evaluation.
The Sustainability Assessment Group directly scores these reports based on a detailed scoring matrix to identify the award winners.

Evaluation Criteria

Annual Report
Evaluation Criteria

The evaluation criteria are based on the current regulations for the Annual Report format as guided by the Ministry of Finance (Appendix 04 issued with Circular No. 96/2020/TT-BTC dated November 16, 2020).

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Criteria		Score
Overall Content Assessment	1. General Information (including a summary of the company, development goals and strategies, governance model, business organization and management structure, operational risks, and risk management policies)	80
	2. Evaluation of the annual business performance (including business activities, investment projects, financial status, and environmental and social impact reports)
	3. Reports and assessments by the Board of Directors and Management on company performance (including evaluations of achievements, structural improvements, management policies, activity plans, and future directions)
	4. Information on corporate governance practices (including information on the Board of Directors, Supervisory Board, Management, related party transactions, stock transactions by internal shareholders, and compliance with governance regulations)
Overall Presentation Quality thể về hình thức	1. Report’s creativity and impression	20
	2. Cover design
	3. Information delivery effectiveness (including effective use of charts and graphs for financial data)
Tổng điểm		100

Sustainability Report
Evaluation Criteria

Criteria		Weight (%)
Content Completeness (50%)	1. Process and rationale for selecting key environmental and social issues	50%
	2. Identifying report users, stakeholder engagement, and consultation process
	3. Detail and clarity regarding sustainable development strategies, policies, and objectives
	4. Presentation of company activities within the context of social and environmental management systems
	5. Use of quantitative performance indicators aligned with widely accepted standards, along with specific explanations and analyses
	6. Presentation of specific strategies, goals, initiatives, solutions, and improvement projects to reduce greenhouse gas emissions
Mức độ tin cậy của nội dung (40%)	1. Management systems and integration of sustainability and reporting guidelines/standards in operational processes	40%
	2. Utilization of stakeholder feedback in company operations
	3. Compliance with internationally or government-recognized green credit standards
	4. Governance system, sustainability responsibilities, risk identification and management processes, and rewards for sustainability objectives
	5. Data reliability and compliance/non-compliance with relevant regulations
	6. Internal audits and independent assurance of data comparability and transparency
	7. Management of the company’s greenhouse gas reduction program
Presentation Quality (10%)	1. Presentation: Clarity, conciseness, appropriate use of graphs and illustrations, accessible language, creative layout	10%
	2. Structure: Includes a summary, comprehensive guidance, references/linkages to other reports, and adherence to international standards
	3. Interactivity: Easy access, feedback mechanism for user input
Tổng phần trăm		100%

Corporate Governance
Evaluation Criteria

Evaluation Criteria		Evaluation Content	Maximum Points
Level 1 Criteria	Compliance with current legal requirements	A – Shareholder rights B – Fair treatment of shareholders C – Role of stakeholders D – Information disclosure and transparency	60
Level 1 Criteria	Meets best practices		40
Level 2 Criteria	Bonus Points		40
Level 2 Criteria	Penalty Points		-30
Total			140

Law on Enterprises No. 59/2020/QH14 – Law on Enterprises
Decree No. 155/2020/ND-CP on detailed regulations for the implementation of certain provisions of the Law on Securities
Current regulations on Annual Report & Corporate Governance Report templates as guided by the Ministry of Finance in Circular No. 96/2020/TT-BTC
Vietnam Corporate Governance Code of Best Practices – VN CG Code
G20/OECD Principles of Corporate Governance 2023

SELECTION CRITERIA AND PROCESS

Award Categories

SELECTION CRITERIA
AND PROCESS