ARAs improves reporting standards

July 16, 2012 | 08:00
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Fifty winners have been named for excellence in company reporting as Vietnam’s fifth Annual Report Awards competition wrapped up last week.

The 2012 awards also recognised firms that had displayed outstanding performances in the contest during the past five years. Among the winners, 39 are listed on the Ho Chi Minh Stock Exchange (HoSE) and the remainder on the Hanoi Stock Exchange (HNX), chosen out of more than 700 annual reports.

Top winner Bao Viet Holdings also secured the sole special prize as its annual report showed outstanding excellence in content and layout. The HoSE, HNX and VIR’s sister publication Dau tu Chung khoan have co-organised the contest with Dragon Capital the sole sponsor.

“Year after year, every annual report embraces transparency in order to not chase prizes, but to serve shareholders, the market and show professionalism,” said Nguyen Anh Tuan, VIR editor-in-chief.

The organising board selected 15 companies that have made good annual reports in consecutive years for the State Securities Commission to consider to award certificates of merit to acknowledge transparency.

State Securities Commission chairman Vu Bang said: “I hope the contest will continue to expand in scale in the coming years to examine more reports and our commission is willing to work more closely with the organisers to help companies improve their duty of publicising information.”

HoSE chief executive officer Phan Thi Tuong Tam, head of the organising board and chairwoman of the jury, said the adjudicators did not take profits or losses of listed companies into consideration, but focused on information transparency.

Dragon Capital CEO Dominic Scriven said by pairing up with the contest organisers over the past years, “we aim to build a strong, sustainable and healthy market in Vietnam, as the country imports ever more international standards into account.”

When initiating the contest in 2008, HoSE, Dau Tu Chung khoan and Dragon Capital expected to help listed companies improve awareness of the importance of an annual report. However, the competition has now become a ground for investors to measure companies’ transparency and professionalism in publishing information.

The 2013 contest will start next March. “The competition next year is likely to include corporate social responsibility norms. We want to encourage companies to embrace sustainable development,” said Tam

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50 winners of 2012 Annual Report Awards contest

No

Company

Share code

Exchange

TOP 10 

1

Bao Viet Holdings

BVH

HOSE

2

Hau Giang Pharmaceuticals

DHG

HOSE

3

PV Drilling

PVD

HOSE

4

Saigon Securities Inc.

SSI

HOSE

5

Binh Minh Plastics

BMP

HOSE

6

Asia Commercial Bank

ACB

HNX

7

FPT

FPT

HOSE

8

Truong Thanh Furniture Corp

TTF

HOSE

9

PetroVietnam Fertilisers and Chemicals Co.

DPM

HOSE

10

Hoa Phat Group

HPG

HOSE

TOP 30 

11

Imexpharm

IMP

HOSE

12

Vietcombank

EIB

HOSE

13

VinGroup

VIC

HOSE

14

Vinamilk

VNM

HOSE

15

Vicostone

VCS

HNX

16

Ho Chi Minh City Securities Corp.

HCM

HOSE

17

Vietnam Dragon Securities Co.

VDS

HNX

18

Phat Dat Real Estate Co.

PDR

HOSE

19

Hoang Anh Gia Lai Group

HAG

HOSE

20

Hoa Sen Group

HSG

HOSE

21

PetroVietnam General Service Corp.

PET

HOSE

22

Vinh Hoan Co.

VHC

HOSE

23

Vietinbank

CTG

HOSE

24

Thu Duc Housing

TDH

HOSE

25

Domesco

DMC

HOSE

26

Hoa Binh Corporation

HBC

HOSE

27

Long Hau Corp.

LHG

HOSE

28

Saigon Hanoi Bank

SHB

HNX

29

SMC Investment and Trading

SMC

HOSE

30

Minh Phu Seafood

MPC

HOSE

TOP 50 

31

Comeco

COM

HOSE

32

PVI Corp.

PVI

HOSE

33

Saigon General Services Co.

SVC

HOSE

34

Hung Vuong Corp.

HVG

HOSE

35

REE

REE

HOSE

36

Vietcombank

VCB

HOSE

37

Coma 18

CIG

HOSE

38

Cotec Construction

CTD

HOSE

39

Kinh Bac Corp.

KBC

HNX

40

Ocean Hospitality Co.

OCH

HNX

41

577 Investment Corp.

NBB

HOSE

42

Nam Viet Bank

NVB

HNX

43

Sacomreal

SCR

HNX

44

Vinaconex

VCG

HNX

45

Phu Nhuan Jewelry

PNJ

HOSE

46

Thang Long Investment Group

TIG

HNX

47

Vinh Khanh Cables and Plastics

VKC

HNX

48

CNG Vietnam

CNG

HOSE

49

Viet An Corp.

AVF

HOSE

50

Saigon Fuel Corp.

SFC

HOSE

By Tuong Thuy

vir.com.vn

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