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VietNamNews

Businesses honoured on HOSE’s 16th aniversary

Update: July, 30/2016 - 13:06
The Top 50 Best Annual Reports of listed companies on Việt Nam’s two stock exchanges were honoured during yesterday’s ceremony to celebrate the 16th anniversary of the HOSE, which began operation in July 2000. — Photo thoibaonganhang.vn

HCM CITY — The Top 50 Best Annual Reports of listed companies on Việt Nam’s two stock exchanges were honoured during yesterday’s ceremony to celebrate the 16th anniversary of the HOSE, which began operation in July 2000.

The Top Ten winners of the Vietnam Annual Report Awards,  organised by the HCM Stock Exchange, Vietnam Investment Review and Dragon Capital Group include Bảo Việt Holding (BVH), DHG Pharmaceutical JSC,  Pan Pacific Corp.,  FPT, HCM Securities Corp,.Bảo Việt Securities Co., Vingroup JSC, Century Synthetic Fibre Corp., Vicostone JSC and PetroVietnam Drilling&Well Services Corp.

BVH also won the Outstanding Award thanks to its excellent content and presentation.

DHG won First Prize, followed by BVH and VNM with second and third prize for the Best Corporate Governance Section.

BVH also received First Prize for Sustainability Reporting while second went to DHG.

All 50 winners received the best reports out of 136 finalists, who were selected from 600 eligible reports of listed companies. In the winners’ list, 34 reports belong to firms listed on the HOSE and 16 on the HNX.

HCM Stock Exchange became operational in 2000 with two listed firms and to date the number has grown to 309. In its 16th operational year, daily trading value has reached almost VNĐ2.4 trillion (US$105 million) and its market capitalisation represents 28 per cent of the country’s GDP.

More than VNĐ253,000 billion were raised through auctions of State-owned enterprises that sell shares to become joint stock companies and new share issues.

The exchange is expected to complete all necessary conditions in 2017 to put the covered warrant product into play, which is already in use in 42 out of 56 members of the World Federation of Exchanges (WFE), to which HOSE is a member, says the exchange’s chairman Trần Đắc Sinh. — VNS

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