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