Viet Nam News HCM CITY — Bảo Việt Holdings, Hậu Giang Pharmacy, FPT, HCM City Securities Corporation and Vinamilk are the top five winners of the Best Annual Report Awards and Best Corporate Governance Awards in the large cap (capitalisation) category in the Việt Nam Listed Company Awards (VLCA). Five other listed companies in the large cap category in the Top 10 for Best Annual Report prize included the Asia Commercial Bank (ACB), Cà Mau Petroleum Fertiliser, Nova, Thành Thành Công – Biên Hòa, and Sài Gòn Securities Inc. Organised jointly by the HCM City Stock Exchange (HOSE), the Hà Nội Stock Exchange (HNX) and Việt Nam Investment Review (VIR) magazine, and sponsored by Dragon Capital Group, the VLCA awards are an extension of the Việt Nam Annual Awards (ARA), an event that has accompanied the growth of Việt Nam’s stock market and listed companies for a decade. Besides the annual reporting awards and sustainability reporting awards, this year’s contest also conducted an in-depth review of corporate governance standards at listed companies. The aim of the review was to encourage listed firms to adopt international standards of governance and promote sustainability. A corporate governance set of standards developed by VLCA’s organising committee is based on the standards of the countries in the Organisation for Economic Co-operation and Development (OECD), with adjustments made to suit the local situation. Judges took into account information published by companies between July 1 last year and April 30, such as their own website or policymakers’ websites…. [Read full story]
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