Only half of listed companies comply with information disclosure norms

Some 385 listed companies on Vietnam's two major stock exchanges, or 52%, meet all information disclosure requirements, according to a survey.

The survey, carried out between May last year and April this year by Vietstock, Vietnam Association of Financial Executives and FILI magazine, was based on criteria for disclosure of information set by the Ministry of Finance and other relevant agencies.

Accordingly, the percentage of companies listed on Ho Chi Minh and Hanoi stock exchanges meeting information disclosure standards has risen from only 3% in 2011 to 52%.

In 2021 and 2022, the number exceeded 50%, showing that businesses are increasingly paying more attention to compliance, the organizers said.

Of the 385 listed companies that complied with information disclosure obligations, the banking industry led with 13 out of 19.

Disclosure is a mandatory obligation for all listed companies on the country’s two bourses. But information disclosure is a weakness of Vietnam's stock market and a hindrance to foreign investment.