​Vietnam kicks off annual awards for listed firms

​Vietnam kicks off annual awards for listed firms

Organizers of the 2018 Vietnam Listed Companies Awards are seen at a press conference announcing its launch in Ho Chi Minh City, April 10, 2018. Photo: Vietnam Investment Review

The 2018 edition of the annual Vietnam Listed Company Awards (VLCA), which recognizes firms for their corporate governance and success, was kick-started on Tuesday in Ho Chi Minh City.

The awards are jointly given by the Ho Chi Minh City Stock Exchange (HoSE), Hanoi Stock Exchange (HNX) and Vietnam Investment Review magazine.

It is an extension of the Vietnam Annual Report Awards (ARA), which is given to listed firms for compiling annual reports with high standards on transparency and design.

To celebrate its tenth anniversary, this year’s awards also include an in-depth review of corporate governance, with the aim of encouraging listed firms to adopt international standards of governance and promote sustainability.

Participating companies will be judged on their annual reports and information published on other channels, including their websites and government portals, between July 1, 2017 and April 30 this year.

An independent, third-party judge will be invited to evaluate the corporate governance section.

Registration started on Tuesday and is open to all companies listed on the HoSE and HNX.

Results will be checked by major auditors Deloitte, E&Y, KPMG, and PwC to ensure the highest level of transparency, impartiality and professionalism, the organizers said.

Participating companies will be classified into three groups based on their market capitalization to create opportunities for mid- and small-sized companies.

Preliminary results will be announced on August 31, and the final round will kick off on September 15.

The awards ceremony is expected to take place in October.

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