Fifty companies were honoured on June 26 for issuing the best annualreports out of almost 600 companies listed on the Hochiminh and Hanoistock exchanges that took part in the contest.
Of them, 37 are listed on HOSE and 13 on HNX.
TheHCM Securities corp. (HSC), which also won the Best of the Best Award,Bao Viet Holdings (BVH), Vietnam Dairy Products JSC (VNM) andPetroVietnam Drilling & Well Services Corp. were among the Top 10.
HSC, VNM and BVH also won the top three prizes for Best Corporate Governance Content.
TheSustainability Reporting Awards were given to five firms – PVD, VNM,BVH, Imexpharm (IMP) and FPT Corp (Financing and Promoting Technology).The jury for selecting the winners from 87 reports that featuredsustainable development issues included the World Bank's InternationalFinance Corporation and the UK-based Association of Chartered CertifiedAccountants.
HOSE CEO Phan Thi Tuong Tam, who was the head of theorganising committee and chairwoman of the selection board, said:"Thanks to tremendous efforts by the authorities, media partners,exclusive sponsor, listed firms and other participating institutions,throughout the past eight years the Annual Report Awards have seen thequality of reports rising substantially with more transparent anddetailed contents and professional presentation.
"Even better,some firms have aligned their reports to fit international reportingstandards. These are indeed remarkable improvements and a great force inmaking the Vietnamese stock market more transparent."
PhamNguyen Vinh, business development director at Dragon Capital, said:"Improvements in the annual reporting process and increasing informationtransparency of listed companies in general will boost thecompetitiveness of the Vietnamese stock market in terms of attractingforeign capital and helping avoid excessive volatility in capitalflows."
Nguyen Nguyet Anh, corporate governance officer at IFCVietnam and member of the selection board, said: "Many firms have showeda dramatic development when they leverage annual reports as animportant channel to connect with investors. The corporate governancesection in many reports is also in line with the best internationalstandards."
Experts judging the Sustainability Report Awards fromthe IFC and ACCA said it was exciting to see many more firms payingclose attention to sustainability reporting during the three years sincethe awards were instituted.
To Vi Hung of the ACCA, the head ofthe selection board for the Sustainability Report Awards, praised thereports for having greater detail now and including more social andenvironmental objectives besides the firm's charity activities.
Anotherhighlight of this year's award is the increasing number of firms thathave used the IFC's criteria and GRI's G4 Standards as references. Suchreports are often clearer, more detailed and more reliable, whichresults in better scores for the firms.
The ceremony this yearalso included a seminar on corporate governance attended by experts fromthe Central Institute of Economic Management, leading ASEAN firms,Dragon Capital, and HOSE.-VNA
Of them, 37 are listed on HOSE and 13 on HNX.
TheHCM Securities corp. (HSC), which also won the Best of the Best Award,Bao Viet Holdings (BVH), Vietnam Dairy Products JSC (VNM) andPetroVietnam Drilling & Well Services Corp. were among the Top 10.
HSC, VNM and BVH also won the top three prizes for Best Corporate Governance Content.
TheSustainability Reporting Awards were given to five firms – PVD, VNM,BVH, Imexpharm (IMP) and FPT Corp (Financing and Promoting Technology).The jury for selecting the winners from 87 reports that featuredsustainable development issues included the World Bank's InternationalFinance Corporation and the UK-based Association of Chartered CertifiedAccountants.
HOSE CEO Phan Thi Tuong Tam, who was the head of theorganising committee and chairwoman of the selection board, said:"Thanks to tremendous efforts by the authorities, media partners,exclusive sponsor, listed firms and other participating institutions,throughout the past eight years the Annual Report Awards have seen thequality of reports rising substantially with more transparent anddetailed contents and professional presentation.
"Even better,some firms have aligned their reports to fit international reportingstandards. These are indeed remarkable improvements and a great force inmaking the Vietnamese stock market more transparent."
PhamNguyen Vinh, business development director at Dragon Capital, said:"Improvements in the annual reporting process and increasing informationtransparency of listed companies in general will boost thecompetitiveness of the Vietnamese stock market in terms of attractingforeign capital and helping avoid excessive volatility in capitalflows."
Nguyen Nguyet Anh, corporate governance officer at IFCVietnam and member of the selection board, said: "Many firms have showeda dramatic development when they leverage annual reports as animportant channel to connect with investors. The corporate governancesection in many reports is also in line with the best internationalstandards."
Experts judging the Sustainability Report Awards fromthe IFC and ACCA said it was exciting to see many more firms payingclose attention to sustainability reporting during the three years sincethe awards were instituted.
To Vi Hung of the ACCA, the head ofthe selection board for the Sustainability Report Awards, praised thereports for having greater detail now and including more social andenvironmental objectives besides the firm's charity activities.
Anotherhighlight of this year's award is the increasing number of firms thathave used the IFC's criteria and GRI's G4 Standards as references. Suchreports are often clearer, more detailed and more reliable, whichresults in better scores for the firms.
The ceremony this yearalso included a seminar on corporate governance attended by experts fromthe Central Institute of Economic Management, leading ASEAN firms,Dragon Capital, and HOSE.-VNA
