Vietnamplus

Recently released financial reports show the earnings of securities companies were positive in the first quarter of 2021.

The State Audit Office of Vietnam (SAV) has carried out an array of activities to improve environmental auditing, which plays a critical role in the sustainable development of the country.

More than half of companies in Vietnam have been adopting international financial reporting standards to meet investors’ expectations and improve their corporate governance, a survey showed.

Checkable deposits saw a significant quarter-on-quarter decline as of the end of March, despite more payment accounts opened in the first three months of this year.

Financial reports released by some banks in the first quarter have reflected the adverse impacts of the COVID-19 pandemic on their business activities, with declining profits and rocketing bad debts.

Most State-owned enterprises were operating at a profit but still needed to improve their operational efficiency, according to a report by the State Audit Office of Vietnam (SAV).

Deputy Prime Minister Vuong Dinh Hue has described Vietnam as a promising market for Deloitte Global while meeting with its Chairman David Cruiskshank in Hanoi on November 13.

Profits of many commercial banks this year will hit the highest levels since 2012 thanks to rising capital demand, experts have forecast. ​

Only about 17 percent of listed companies comply with information disclosure regulations, lower than the figure in 2016, according to the Vietnam Association of Financial Executives (VAFE).

The Ministry of Industry and Trade (MoIT) has formed a Steering Committee to tackle problems of a number of projects and enterprises showing ineffectiveness and lagging behind.

While support to enable firms to engage in global value chains has become pressing amid rapid international integration, businesses are still struggling to access credit, especially SMEs.