14:43 | 03/08/2016 Economy
The Top 50 Best Annual Reports of listed companies on Vietnam’s two stock exchanges were honored during a ceremony held on July 29 to celebrate the 16th anniversary of the HOSE, which began operation in July 2000.
The Top 50 Best Annual Reports of listed companies on Vietnam’s two stock exchanges were honoured on July 29 (Photo: thoibaonganhang.vn)
The Top Ten winners of the Vietnam Annual Report Awards, organized by the HCM Stock Exchange, Vietnam Investment Review and Dragon Capital Group include Bao Viet Holding (BVH), DHG Pharmaceutical JSC, Pan Pacific Corp., FPT, HCM Securities Corp., Bao Viet Securities Co., Vingroup JSC, Century Synthetic Fibre Corp., Vicostone JSC and PetroVietnam Drilling & Well Services Corp.
BVH also won the Outstanding Award thanks to its excellent content and presentation.
DHG won First Prize, followed by BVH and VNM with second and third prize for the Best Corporate Governance Section.
BVH also received First Prize for Sustainability Reporting while second went to DHG.
All 50 winners received the best reports out of 136 finalists, who were selected from 600 eligible reports of listed companies. In the winners’ list, 34 reports belong to firms listed on the HOSE and 16 on the HNX.
The HCM Stock Exchange became operational in 2000 with two listed firms and to date the number has grown to 309. In its 16th operational year, daily trading value has reached almost 2.4 trillion VND (105 million USD) and its market capitalisation represents 28 percent of the country’s GDP.
More than 253,000 billion VND were raised through auctions of State-owned enterprises that sell shares to become joint stock companies and new share issues.
The exchange is expected to complete all necessary conditions in 2017 to put the covered warrant product into play, which is already in use in 42 out of 56 members of the World Federation of Exchanges (WFE), to which HOSE is a member, says the exchange’s chairman Tran Dac Sinh./.