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 |
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional