15:53 | 07/11/2016 Economy
The Vietnam Association of Financial Executives (VAFE) made its debut at a ceremony in Ho Chi Minh City on November 4.
VAFE Chairwoman Pham Thi Thanh Nga, who also leads the board of directors at Vietstock – an online financial information provider, said the association establishment aims to help promote the growth of financial management in Vietnam.
Financial management is important to the development of an economy, but it remains underdeveloped and lacks adequate attention in the country.
Dang Quyet Tien, Deputy Director of the Ministry of Finance’s Corporate Finance Department, said VAFE is expected to provide organisations and inpiduals with chances to discuss, share knowledge and experience, and support each other in financial management. It will also help financial management activities develop in line with Vietnam’s legal regulations and global trends.
At the ceremony, the results of a programme selecting the top five listed companies with the best investor relations (IR) practices in 2016 were also announced.
Co-organised by VAFE and Vietstock, it also chooses the top five listed firms with the most votes from most financial institutions and investors.
Hoa Sen Group, FPT Joint Stock Company, Vietnam Dairy Products Joint Stock Company (Vinamilk), and An Phat Plastic and Green Environment Joint Stock Company are among the enterprises honoured by this annual programme./.