Modern Corporate Governance - International Experiences and Practical Lessons for Vietnam

In the globalising economy, effective corporate governance has become a central feature of sustainable and responsible enterprise. This paper examines the contemporary frameworks of corporate governance across major jurisdictions, identifies critical success factors, compares institutional models, and draws a set of practical lessons for Vietnam. First, it reviews the concept and evolution of corporate governance. Then it analyses governance regimes in several advanced economies and emerging markets. The focus turns to key elements: board structure and independence, shareholder rights and activism, disclosure and transparency, risk management and internal controls, and stakeholder/sustainability governance. Next, the paper synthesises cross?country lessons and articulates what might work in the Vietnamese context, with attention to local institutional and cultural conditions. Finally, it presents recommendations for policy makers, regulators, listed companies and other stakeholders in Vietnam.