Vietnam Annual Report Awards have unveiled the top reports of its 2017 edition.
The list of the winners of the 2017 Annual Report Awards (ARAs) has been announced tonight in Ho Chi Minh City. This year also marks the tenth edition of the awards, jointly organised by VIR, Ho Chi Minh City Stock Exchange (HOSE), and the Hanoi Stock Exchange (HNX) with support from Dragon Capital.
Out of the 638 eligible reports submitted by firms listed on HOSE and HNX, 125 have made it to the final round. The judges have hand-picked 50 reports to honour at tonight’s ceremony, divided into the Top 10, the Top 30, and the Top 50.
Some companies have earned bonus points for preparing their reports under International Financial Reporting Standards (IFRS) and for providing an English version.
For the first time ever, the reports in the 2017 ARAs have been evaluated by four leading audit firms Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers. The number of judges also increased from seven to nine, with new members from Vietnam Securities Depository and Vietnam Chamber of Commerce and Industry.
Similar to previous years, firms with outstanding reports on corporate governance and sustainability were also celebrated.
“Throughout the past ten years, the ARAs have been tirelessly promoting information transparency in Vietnam,” said VIR’s editor-in-chief Le Trong Minh.
Le Hai Tra, deputy CEO of HOSE, stressed that annual reports, and information disclosure in general, are vital for Vietnamese companies to attract overseas funding.
Looking forward, the ARAs’ organisers expect to invite a wider variety of business groups, professional circles, and policymakers from Vietnam and overseas to join the Selection Board. This will enhance the objectivity of future ARAs.