After being upgraded from a frontier to a secondary emerging market by FTSE Russell, Vietnam’s stock market must urgently enhance corporate governance to strengthen its position, build investor confidence, and attract high-quality investment flows, said insiders.
Deputy Prime Minister Ho Duc Phoc has called for stronger efforts to complete the restructuring projects of State-owned enterprises (SOEs) for approval within the first quarter of this year.
Vietnamese businesses need to improve the quality of their products, and better corporate governance to promote exports to Japan which has high demands for Vietnamese garments and textiles, fine arts, farm produce and food, among others, experts said at a seminar held in Ho Chi Minh City on August 26.
Sustainable corporate governance is not only an important factor for enterprises to maintain effective operations, but it also represents a chance to elevate governance in the new period, according to experts.
Urban technological progress raises the competitive advantage of urban firms over rural firms in product market competition, and can lead to a brain drain in rural areas, Oudom Hean of Ohio State University in the US said at a recent conference in Ho Chi Minh City.
The Director Certification Programme (DCP) was launched in Ho Chi Minh City on January 10, a key part of the Global Entrepreneur Programme designed by the Vietnam Institute of Directors (VIOD) in order to promote the best practices in corporate governance among domestic firms.
Lawmakers stressed the need to clearly define State management and corporate governance in businesses during the ongoing fifth session of the 14th-tenure National Assembly on May 28.
Vietnamese Prime Minister Nguyen Xuan Phuc on April 26 had a meeting with scientists and intellectuals in Singapore to learn about their experience in applying advanced technologies.
The Hanoi Stock Exchange (HNX) will assess and honour the top 30 listed companies for best corporate governance in November during its annual convention for listed businesses.
The State Capital Investment Corporation (SCIC) on March 29 introduced two publications on corporate governance for the benefit of its representatives in State-owned companies.
Vietnam’s low ranking in corporate governance could scare off investors in the stock market, says Phan Duc Hieu, deputy director of the Central Institute for Economic Management.
The annual Global Child Forum (GCF) took place in Kuala Lumpur, Malaysia on May 5, calling on ASEAN businesses to increase commitments on children’s rights.
A delegation of the Taiwan Stock Exchange Corporation (TWSE) shared its corporate governance experiences with the Hanoi Stock Exchange (HNX) on August 13 and 14.
