Vietnam Listed Company Awards (VLCA) 2018 winners
Nov 06, 2018
A major awards ceremony has honoured companies with strong corporate governance and sustainability reports, in an effort to extend good reporting practices to the entire stock market and bring Vietnam closer to overseas capital inflows.
The Vietnam Listed Company Awards (VLCA) 2018, which traces its roots back to the 10-year-old Annual Reporting Awards, concluded its four-month journey with an awards event last Friday. During the ceremony, the Organising Committee and the Selection Panel reflected on the year’s most significant changes, including a different set of voting and eligibility criteria.
According to the Selection Panel, as expected, large-cap businesses showed superior performance with higher scores across the varying criteria. The quality of annual reports by mid-cap companies is also consistent. The small-cap group, however, has much room for improvement in comparison.
Similar to 2017, all reports in the final round were audited by the four largest auditing companies – Deloitte, EY, KPMG and PwC. This was seen as a positive move that contributes to the impartiality and professionalism of the VLCA.
“The VLCA is one effort among various initiatives that participants in Vietnam’s stock market are carrying out, in order to foster stronger listed companies in the country within the next decade. This will help improve Vietnam’s standing in international capital markets,” said Le Trong Minh, editor-in-chief of VIR and co-head of the Organising Committee.