Illustrative image (Source: VNA) Hanoi (VNA) – The Global Reporting Initiative(GRI), Hanoi Stock Exchange and Ho Chi Minh Stock Exchange held a seminar inHanoi on June 18 to discuss sustainability reporting for listed Vietnamesecompanies.
According to the GRI, since Circular No.155/TT-BTC guidinginformation announcement on securities market took effect on January 1, 2016,sustainability reporting has not been new to listed enterprises, but itsquality remains limited. Only several firms are able to make sustainabilityreports up to GRI standards.
Nguyen Cong Minh Bao from GRI in Vietnam said GRI hasinvited Vietnamese companies to the Competitive Trade Programme funded by theSwiss government to support them in sustainability reporting, adding that theywill receive free training and access to GRI’s online reporting system.
Business Development Director of Dragon Capital Pham NguyenVinh said investors and international organisations are seeking morenon-financial disclosures to ensure the sustainability and efficiency of firms investedby them.
Le Cong Dien, Director of the State Securities Commission(SSC)’s Public Enterprises Supervisory Department, said the Circular No.155 hasrequested integrating data about environment, society and corporate governance intothe annual business report, towards raising awareness and practices aboutsustainable development.
The SSC has continuously refined legal framework to ensurethat the securities market runs in an open, transparent and effective manner,he said.
He said the SSC will direct authorised agencies standardiseregulations on sustainability reporting, including factors regardingenvironment, society and corporate governance, as well as issue a code of ruleson corporate governance in line with international practices.-VNA
According to the GRI, since Circular No.155/TT-BTC guidinginformation announcement on securities market took effect on January 1, 2016,sustainability reporting has not been new to listed enterprises, but itsquality remains limited. Only several firms are able to make sustainabilityreports up to GRI standards.
Nguyen Cong Minh Bao from GRI in Vietnam said GRI hasinvited Vietnamese companies to the Competitive Trade Programme funded by theSwiss government to support them in sustainability reporting, adding that theywill receive free training and access to GRI’s online reporting system.
Business Development Director of Dragon Capital Pham NguyenVinh said investors and international organisations are seeking morenon-financial disclosures to ensure the sustainability and efficiency of firms investedby them.
Le Cong Dien, Director of the State Securities Commission(SSC)’s Public Enterprises Supervisory Department, said the Circular No.155 hasrequested integrating data about environment, society and corporate governance intothe annual business report, towards raising awareness and practices aboutsustainable development.
The SSC has continuously refined legal framework to ensurethat the securities market runs in an open, transparent and effective manner,he said.
He said the SSC will direct authorised agencies standardiseregulations on sustainability reporting, including factors regardingenvironment, society and corporate governance, as well as issue a code of ruleson corporate governance in line with international practices.-VNA
VNA
