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Asia Commercial Bank (ACB) is the sole enterprise in the financial-banking industry of Vietnam to receive the “Most admired ASEAN Enterprise” award for Employment from ASEAN-BAC.
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ACB is one of the twelve finalists nominated by ASEAN-BAC.
(HCMC) – Within the framework of the ASEAN Business & Investment Summit (ASEAN-BIS) from 16 to 18 November 2007, ACB honourably received the “Most admired ASEAN Enterprise” cup for Employment from ASEAN-BAC. Ms Dang Thu Thuy, ACB’s Resource Management Division Director, received the cup from ASEAN leader at Gala Dinner at Raffles Conference Center, Singapore on 18 November 2007.
The “Most admired ASEAN Enterprise” award was first officially launched this year by ASEAN-BAC to recognise the most outstanding and successful ASEAN enterprises contributing to ASEAN’s economic growth and prosperity. The award is also aimed for showcase of enterprises with the potential to be global players. The awards was conferred for 4 categories: Growth; Employment; Innovation; and Corporate Social Responsibility with the following criteria:
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ASEAN-incorporated enterprises with at least 40% ASEAN equity |
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ASEAN presence (operating in two or more ASEAN countries) |
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Minimum 5 years in operation, inclusive of financial statements for at least 3 years |
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Annual revenue of at least US$20 million (S$30 million); OR fixed assets of US$5 million (S$7.5 million) OR minimum of 150 employees. |
ACB was nominated one of 12 best Asean enterprises (among 63 enterprises) to attend Gala Dinner at ASEAN-BIS thanks to its excellent achievements and positive contributions to the social-economic development of the region. At the ceremony, ACB was one of the three enterprises receiving the “Most admired ASEAN Enterprise” cup in terms of Employment. In this way, ACB is one of the three Vietnamese enterprises and the sole enterprise in Vietnam financial-banking industry to receive the honourable cup from ASEAN-BAC.
Dr. Robert Yap, ASEAN-BAC Chairman 2007, and Council Member of the Singapore Business Federation said, “Investors have their eyes on Asia, especially with the rise of the economic superpowers China and India. But once ASEAN speeds up economic integration, this will bring together more than 550 million people with the third largest combined GDP (Gross Domestic Product) in Asia. That will make ASEAN an investment destination that cannot be ignored. The inaugural ABA is a tribute to this golden moment in the exciting history of ASEAN BIS and ASEAN”.
Further information:
The ASEAN Business Advisory Council (ASEAN-BAC): was established by the ASEAN Heads of State and Government (HOSGs) at the 7th ASEAN Summit in November 2001 in Bandar Seri Begawan, Brunei Darussalam. Inaugurated at the ASEAN Secretariat in Jakarta, Indonesia in April 2003, ASEAN-BAC’s primary mission is to promote public-private sector partnership to achieving the integration for the creation of an ASEAN Economic Community (AEC).
ASEAN Business & Investment Summit (ASEAN-BIS): The ASEAN-BIS is organised by the ASEAN-BAC annually to coincide with the ASEAN Summit. This year, ASEAN BIS is being held in Singapore from 16 -18 November with the theme “One ASEAN at the Heart of Dynamic Asia”. ASEAN BIS brings together private and public sector organisations, government representatives and captains of industry from within and outside ASEAN for dialogue and networking, and provides an interactive platform to advance industry and business in the region.
Asia Commercial Bank (ACB): ACB was established in 1993 and its shares were listed at Hanoi Securities Trading Center in 2006. It is currently the largest bank in terms of market cap and total assets among peer banks and achieved the highest profit in banking industry.
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