Illustrative image (Source: VNA)
 
Hanoi (VNA) – The Global Reporting Initiative (GRI), Hanoi Stock Exchange and Ho Chi Minh Stock Exchange held a seminar in Hanoi on June 18 to discuss sustainability reporting for listed Vietnamese companies.

According to the GRI, since Circular No.155/TT-BTC guiding information announcement on securities market took effect on January 1, 2016, sustainability reporting has not been new to listed enterprises, but its quality remains limited. Only several firms are able to make sustainability reports up to GRI standards.

Nguyen Cong Minh Bao from GRI in Vietnam said GRI has invited Vietnamese companies to the Competitive Trade Programme funded by the Swiss government to support them in sustainability reporting, adding that they will receive free training and access to GRI’s online reporting system.

Business Development Director of Dragon Capital Pham Nguyen Vinh said investors and international organisations are seeking more non-financial disclosures to ensure the sustainability and efficiency of firms invested by them.

Le Cong Dien, Director of the State Securities Commission (SSC)’s Public Enterprises Supervisory Department, said the Circular No.155 has requested integrating data about environment, society and corporate governance into the annual business report, towards raising awareness and practices about sustainable development.

The SSC has continuously refined legal framework to ensure that the securities market runs in an open, transparent and effective manner, he said.

He said the SSC will direct authorised agencies standardise regulations on sustainability reporting, including factors regarding environment, society and corporate governance, as well as issue a code of rules on corporate governance in line with international practices.-VNA