Illustrative image (Source: VNA)Vietnam Dairy Joint Stock Company, Ho Chi Minh City Securities Corporation and PetroVietnam Fertilizer and Chemicals Corporation were on a list of listed Vietnamese enterprises that received the highest assessment from the ASEAN Corporate Governance Scorecard (ACGS) project.
According to the Ho Chi Minh City Stock Exchange (HOSE), Hoang Anh Gia Lai Joint Stock Company and the Refrigeration Electrical Engineering Corporation were praised for improving their governance scorecard over the past three years.
The Asian Development Bank and the ASEAN Capital Markets Forum created the ACGS in 2012. The ACGS is a series of assessments based on publicly available information and compared with international best practices that encourage listed companies to go beyond national legislative requirements.
The ACGS report can serve as a reference for capital market regulators and other stakeholders who want to understand the current corporate governance standards across the region. It also provides opportunities for businesses to promote their images.
In 2015, governance scorecard assessments were made to 55 publicly listed enterprises in the Vietnamese market.
A number of conferences and workshops have been held in the country to announce the ACGS evaluations and disseminate information on the benefits of increasing governance and capital competitiveness.
The ACGS awards are scheduled to take place on November 14 in Manila, the Philippines.-VNA
