“ASEAN Award 2024” recognizes the contributions of typical businesses that have positively contributed to economic development, social security, and sustainable development in the ASEAN region. 

The 2024th Asean Economic Forum 18 officially takes place in Singapore on May 5, 2024. It is an annual, rotating event in ASEAN countries, with large scale and significance, focusing on promoting cooperation. economic cooperation and sustainable development in the region. 

This year's forum is organized by the Vietnam - ASEAN Entrepreneurship Development Research Institute under the Central Southeast Asian Scientific Research Association, in coordination with relevant units, agencies and organizations. The ceremony to announce and praise "ASEAN Award 2024" took place within the framework of the program to affirm and recognize the contributions of typical Vietnamese and ASEAN businesses, famous ASEAN Brands, and good managers. . These are the faces of entrepreneurs, innovative and creative businesses, making positive contributions to economic development, social security, and sustainable development in the ASEAN region. 

During this year's announcement and award ceremony, BAC A BANK was honored to win the TOP 10 "ASEAN ENTERPRISES 2024" award. At the same time, Labor Hero Thai Huong - General Director of BAC A BANK was honored as TOP 10 "ASEAN GOOD MANAGERS 2024". After 30 years of construction and development, Bac A Commercial Joint Stock Bank has Total assets reached 152.243 billion VND (as of December 31, 12), pre-tax profit reached more than 2023 billion VND. Regarding operational safety indicators, BAC A BANK's liquidity is maintained stable, the bad debt ratio is 1.060%, among the lowest in the industry thanks to good risk management ability. The bank focuses on investment consulting and lending in fields encouraged by the government, with less risk and volatility such as high-tech agriculture. BAC A BANK has also been maintaining a stable loan portfolio with over half of the portfolio structure coming from essential and less volatile industry groups (processing and manufacturing industry accounts for 37%; agriculture, forestry and fisheries account for 18%) – focus on Large enterprises in the industry have good credit quality and are in the typical lending value chain of BAC A BANK. 

The period from 2023-2024 also recognizes the continuous efforts of Labor Hero Thai Huong in investment consulting activities and promoting the development of green economic models, knowledge economy, and weekly economy. completed on the foundation of sustainable development. Projects invested in by BAC A BANK all implement a very methodical sustainable development strategy with 6 pillars of Nutrition - Health, Environment, Education, People, Community and Animal Welfare. In 2023, under the leadership of Labor Hero Thai Huong, BAC A BANK has provided investment consulting for sustainable agricultural development projects in the Northwest, Tay Nghe An, Central Highlands... regenerating forests, Preserving and exploiting indigenous herbs helps people develop economically, eliminate hunger and reduce poverty, and preserve the environment. Ms. Thai Huong's successful sustainable development models are continuing to be replicated with large projects in the Russian Federation, Australia...

The announcement and awarding ceremony of the ASEAN Award 2024 is within the framework of the Asean Economic Forum with the theme "Vietnam - ASEAN Business Cooperation: opportunities and prospects". Ms. Luong Thi Kim Xuan, Director of the Vietnam - Asean Entrepreneur Development Research Institute, representative of the Organizing Committee gave the opening speech: "In recent years, international economic integration and participation in free trade agreements (FTAs) have always been paid attention and promoted by the Party and Government.. This event is also an opportunity to listen to initiatives, recommendations and proposals of Vietnamese and Singaporean businesses on economic development solutions, innovation, and transformation of green and digital economic models. , circular economy, sharing economy, knowledge economy... strengthening friendly cooperation between the two sides."

Mr. Chu Nguyen Binh, Deputy General Director of BAC A BANK, represented the Bank to receive the 2024 ASEAN Outstanding Enterprise Award

Mr. Chu Nguyen Binh, Deputy General Director of BAC A BANK shared after the award ceremony: “Because people are one of the core values ​​that BAC A BANK has always set and pursued in its business development goals since the first day of establishment. From product and service development orientation to operation and system improvement, we always take the needs and desires of individual and business customers in the fields of sustainable development as a guideline to work. The ASEAN Award 2024 aims to honor businesses with sustainable development - a great encouragement for BAC A BANK's efforts as well as create motivation for the bank to continue developing its business for a society. prosperity and happy community”.

Source: vietnam.vn