Friday, January 24, 2020 5:39:18 AM - Markets open
VN-INDEX 991.46 +5.09/+0.52%
HNX-INDEX 106.28 +0.69/+0.65%
UPCOM-INDEX 56.22 +0.26/+0.47%
Securities regulator unveils corporate governance code
Vietnam News - 8/15/2019 1:34:03 PM
 (0 ratings. You must sign in to rate.)
The first ever Việt Nam Corporate Governance Code of Best Practices, a set of recommended practices for Vietnamese public companies, has been issued by the State Securities Commission of Việt Nam.
It was developed with technical support from the International Finance Corporation (IFC) and assistance from the Swiss State Secretariat for Economic Affairs.
With practices that go beyond the minimum legal requirements, it aims to encourage companies to work towards international best practices and integrate with ASEAN markets that have similar codes.
It contains 10 main principles with detailed recommended practices covering key issues in corporate governance.
Six of them focus on how boards of directors should operate - an area where Vietnamese companies need to improve - while the rest cover topics such as control environment, transparency and disclosure, shareholder rights, and stakeholder relations.
It also includes responsible business practices such as promoting gender diversity and focusing on the environment.
Trần Văn Dũng, chairman of the SSC, said the code would help improve the quality of companies listed on the stock exchanges, promote investor confidence and develop the Việt Nam capital market.
"Investors have greater confidence in companies with good corporate governance and in markets that are backed by sound legal and regulatory regimes," Philippe Le Houerou, chief executive officer of the IFC, said.  
Vũ Bằng, a member of the Prime Minister's Economic Advisory Group, said good corporate governance helps companies operate more efficiently and be more stable, urged companies to adopt the code.
The SSC will work with the HCM City and Hà Nội stock exchanges to push for the application of the code and monitor its voluntary adoption.
Other businesses are also recommended to adopt the practices.
The launch of the code was held on August 13. — VNS
Read original article here
Newer News
18/01 Firms ask for delay financial statements release
17/01 VN stocks advance for third day
17/01 VN stocks advance for third day
15/01 Stocks rebound but short-term outlook gloomy
14/01 VN stocks decline as holidays approach
10/01 Fewer investors open new trading accounts in 2019
09/01 Shares retreat as US-Iran conflict hits sentiment
08/01 Foreign investors interested in Vietnamese stock market
06/01 Global news, pre-Tết sentiment key to VN stocks
03/01 Stock market a pillar of economic growth
Older News
14/08 Investors cheer US tariff delay
14/08 Post-merger stock exchange headquarters in Hanoi
11/08 Listed companies honoured for best investor relations
09/08 VN-Index makes progress on purchase power
08/08 VN shares move up but liquidity modest
07/08 Shares slide, money flows into industrial sector
06/08 Shares tumble on massive selling
02/08 VN stocks fall on US-China trade news
01/08 Shares recover on strong first-half earnings
31/07 VN stocks decline amid investors' caution
Newsletter Signup
Top Stories
Reference exchange rate up 1 VND on January 17
Reference exchange rate up 1 VND on January 15
Reference exchange rate up 8 VND on January 9
Vietnam’s GDP to ease slightly in 2020: Fitch Solutions
Reference exchange rate down at week’s beginning
Market Update
Last updated at 3:10:04 PM
VN-INDEX 991.46 +5.09/+0.52%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.