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Vietnam exchanges may take stocks off scrutiny list
The State Securities Commission has asked the country’s two stock exchanges to consider removing companies from a scrutiny list if they return to profitability, Vu Kim Lien, Vice Chairwoman of the stock regulator, said.
“Companies making profits again and having an auditor certify their sales could get off the scrutiny list,” Lien said by phone on Tuesday. “However, we need to discuss more with the two bourses to see if the first quarter or first half earnings will work better.”
The regulator Tuesday instructed the Hanoi Securities Trading Center and Ho Chi Minh Stock Exchange “To work out the conditions for a company to be removed from the list” after it returns to profitability, according to a statement from the regulator obtained by Bloomberg.
The Ho Chi Minh Stock Exchange, the country’s biggest bourse, has placed 17 companies on the list after they posted full-year losses in 2008.
“Highlighting companies’ losses to investors is necessary but we should also alert people when the company improves, especially in the current economic situation,” Nguyen Hoang Lan, Deputy Director of the Hanoi Securities Trading Center, said.
thanhnien, bloomberg
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