At the event (Photo: organising board) HCM City (VNS/VNA) - Thirteen listed companies received the 2021 IRAward for best investor relations at a function in Ho Chi Minh City on December 7.
The awards, given by the Vietnam Association of Financial Executives, FiLi.vnand Vietstock and decided by votes from investors and financial institutions,are given in three categories based on market capitalisation: large, medium andsmall and micro companies.
The top three voted by investors were Hoa Phat Group JSC, Novaland InvestmentGroup Corporation and Sai Gon Thuong Tin Commercial Joint Stock Bank (in thelarge-cap category); FPT Digital Retail Joint Stock Company, Hoa Sen Group andVNDirect Securities Corporation (mid-cap); and Hang Xanh Motors Service JSC,Danh Khoi Group JSC and Tân Cảng Logistics & Stevedoring Joint StockCompany (small and micro cap).
The top three voted by financial institutions were Hoa Phat Group JSC, VinHomesJSC and Vietnam Dairy Products JSC; HCM City Securities Corporation, Ha Do GroupJSC and VNDirect Securities Corporation; and Hang Xanh Motors Service JSC, DanhKhoi Group JSC and Tan Cang Logistics & Stevedoring Joint Stock Company.
Speaking at the awards ceremony, Nguyen Nhu Hung, editor-in-chief of Fili.vn,said 2021 was a tumultuous year with the economy significantly impacted by theCOVID-19 pandemic, but the Vietnamese stock market remained positive, with theVN-Index going past 1,200, 1,300 and then 1,500.
More than 1.3 million new securities trading accounts were opened in the first11 months, once again showing the attractiveness of the country’s stock market,he said.
“Transparent information is one of the key factors to ensure the development ofthe securities market.”
The annual awards seek to promote information transparency in the stock market,improve the quality of information disclosed and investor confidence, raiseawareness of the role and importance of IR activities, and honour companieswith outstanding IR, he added.
According to the organisers, the awards are based on a survey of compliancewith stock market information disclosure requirements by the 724 companieslisted on the Ho Chi Minh Stock Exchange and Hanoi Stock Exchange, and 389complied all.
Then, based on their liquidity, compliance in terms of treasury stocks, foreigninvestment, and dividend payments, 45 were nominated for the awards, they said.
For the first time the rate of companies fully complying with informationdisclosure regulations exceeded 50 percent compared to just 3.3 per cent in2012, they said.
Le Nhi Nang, chief representative of the State Securities Commission in HCMCity, said the high compliance rate is a good sign and indicates companies arepaying attention to information disclosure requirements, the basic requirementfor treating investors fairly./.
The awards, given by the Vietnam Association of Financial Executives, FiLi.vnand Vietstock and decided by votes from investors and financial institutions,are given in three categories based on market capitalisation: large, medium andsmall and micro companies.
The top three voted by investors were Hoa Phat Group JSC, Novaland InvestmentGroup Corporation and Sai Gon Thuong Tin Commercial Joint Stock Bank (in thelarge-cap category); FPT Digital Retail Joint Stock Company, Hoa Sen Group andVNDirect Securities Corporation (mid-cap); and Hang Xanh Motors Service JSC,Danh Khoi Group JSC and Tân Cảng Logistics & Stevedoring Joint StockCompany (small and micro cap).
The top three voted by financial institutions were Hoa Phat Group JSC, VinHomesJSC and Vietnam Dairy Products JSC; HCM City Securities Corporation, Ha Do GroupJSC and VNDirect Securities Corporation; and Hang Xanh Motors Service JSC, DanhKhoi Group JSC and Tan Cang Logistics & Stevedoring Joint Stock Company.
Speaking at the awards ceremony, Nguyen Nhu Hung, editor-in-chief of Fili.vn,said 2021 was a tumultuous year with the economy significantly impacted by theCOVID-19 pandemic, but the Vietnamese stock market remained positive, with theVN-Index going past 1,200, 1,300 and then 1,500.
More than 1.3 million new securities trading accounts were opened in the first11 months, once again showing the attractiveness of the country’s stock market,he said.
“Transparent information is one of the key factors to ensure the development ofthe securities market.”
The annual awards seek to promote information transparency in the stock market,improve the quality of information disclosed and investor confidence, raiseawareness of the role and importance of IR activities, and honour companieswith outstanding IR, he added.
According to the organisers, the awards are based on a survey of compliancewith stock market information disclosure requirements by the 724 companieslisted on the Ho Chi Minh Stock Exchange and Hanoi Stock Exchange, and 389complied all.
Then, based on their liquidity, compliance in terms of treasury stocks, foreigninvestment, and dividend payments, 45 were nominated for the awards, they said.
For the first time the rate of companies fully complying with informationdisclosure regulations exceeded 50 percent compared to just 3.3 per cent in2012, they said.
Le Nhi Nang, chief representative of the State Securities Commission in HCMCity, said the high compliance rate is a good sign and indicates companies arepaying attention to information disclosure requirements, the basic requirementfor treating investors fairly./.
VNA
