Some 385 listed companies on the Ha Noi and Ho Chi Minh stock exchanges, or 52 per cent, have met all information disclosure requirements, according to a survey conducted by the 2022 IR Awards programme.
Over 53 per cent of companies listed on the Ha Noi and Ho Chi Minh stock exchanges meet all information disclosure requirements, according to a survey conducted for the 2021 IR Awards.
The State Securities Commission (SSC) last week issued a fine of VND185 million (roughly US$8,000) to HDI Global SE for violating rules on foreign ownership and information disclosure.
The system will help entities participating in the stock market save time and money when disclosing information and minimise the risk of false disclosures, the SSC said.
Violations in transparency and information disclosure are still rampant on the stock market and remain a problem to market members, public companies and auditors.
Only about 17 per cent of listed companies comply with information disclosure regulations, lower than the figure in 2016, according to the Vietnam Association of Financial Executives (VAFE).
Listed companies have been better in complying with information
disclosure requirements, improving the transparency of Viet Nam''s stock
market, a survey has found.
The Ministry of Finance has issued a new circular on information
disclosure on the stock market with amendments which aim to enhance
transparency and meet the growing market demand.