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VietNamNews

Troubled firms face challenging year

Update: February, 04/2012 - 09:24

HA NOI — The Viet Nam Association of Financial Investors has told troubled businesses to sell major stakes to foreign investors, and even recommended delisting from the stock market, saying that this year would continue to be tough.

Management boards should publicise detailed information about their projects for shareholders, who should take caution when approving or rejecting projects.

In addition, shareholders should require their boards to issue short- and long-term targets in dividend payment and to set up business development funds from net profit.-VNS

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