Ha Noi stock exchange lists most transparent companies

Ha Noi stock exchange lists most transparent companies

The Ha Noi Stock Exchange (HNX) yesterday honoured the 30 best listed companies in terms of business transparency in an effort to evaluate corporate governance over the 2012-13 period.

This is the first time the exchange has attempted to assess the performance of its listed members and it intends to carry this out annually to identify businesses that deliver effective corporate governance.

This year's theme was "transparency in the disclosure of information", one of the five assessments that international organisations such as the Organisation for Economic Co-operation and Development (OECD), the International Finance Corporation and the World Bank strongly recommend.

In terms of methodology, the HNX used OECD recommendations on corporate governance to draw up the five criteria, including the rights of shareholders, equal treatment for shareholders, the roles stakeholders play, the disclosure of transparent information and the responsibilities shouldered by managing boards.

Out of these five, the disclosure of transparent information recorded the highest average score. The rights of shareholders and equal treatment for shareholders had the second highest score.

Business efficiency and the liquidity of stocks are closely related to the level of transparency and the ability to manage a listed company, said the HNX.

"Therefore, this year's theme will help businesses to improve their awareness of the importance of providing transparent information, which is a very important component of corporate governance," it stressed.

So far, the exchange has held several seminars on corporate governance, taken listed firms on overseas trips to learn from other businesses and set up a special information management system called the CIMS.

HNX's top 30 listed companies for transparency

1. Asia Commercial Bank (ACB)

2. Bim Son Cement (BCC)

3. Bao Viet Securities (BVS)

4. Dabaco Group (DBC)

5. Ha Giang Mineral and Mechanics (HGM)

6. Hai Minh Corporation (HMH)

7. Kim Long Securities (KLS)

8. Kon Tum Sugar (KTS)

9. Lam Thao Fertilizers and Chemicals (LAS)

10. Lam Dong Pharmaceuticals (LDP)

11. Tien Phong Plastic (NTP)

12. Ocean Hospitality and Service (OCH)

13. Phuong Dong Petroleum Tourism (PDC)

14. PetroVietnam Southern Gas (PGS)

15. Petrolimex Petrochemical (PLC)

16. Portserco Company (PRC)

17. Post and Telecommunication Insurance (PTI)

18. Drilling Mud Corporation (PVC)

19. PVI Holding (PVI)

20. Petrovietnam Technical Services (PVS)

21. Safoco Foodstuff (SAF)

22. Song Da 6 Construction (SD6)

23. Phuong Nam Education Investment And Development (SED)

24. Sai Gon – Ha Noi Bank (SHB)

25. Saigon Plastic Packaging (SPP)

26. Tran Anh Digital World (TAG)

27. Power Engineering Consulting 4 (TV4)

28. Vietnam Construction and Import - Export (VCG)

29. Vicostone Company (VCS)

30. Vietnam Germany Steel Pipe (VGS)

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