These companies are selected on the basis of the 500 largest enterprises in Vietnam in 2017.
The TRAC Vietnam Report 2018 is an independent research, based on information publicly disclosed on websites of the 45 largest companies in Vietnam, including 15 foreign invested, 15 publicly listed and 15 state owned companies.
The report investigates three aspects: The extent of information published by companies on anti-corruption program; transparency in organization and ownership structure; and disclosure of key financial information on country – by – country basis.
Economist Le Dang Doanh and Mr. Trinh Mai Phuong (representative of EVN) shared at the Launching eremony
At the Launching of TRAC Vietnam 2018, Mr. Trinh Mai Phuong, Director of EVN's Public Relation Department, said: the report findings partly reflect EVN's efforts in publicizing its information on the website of EVN (evn.com.vn).
Over the past 10 years, independent auditors have audited EVN's production and business activities. Especially, the Fitch Ratings, a global credit rating agency, has recently evaluated the financial health of EVN and assigned EVN BB rating. Online bidding has also been widely deployed in all member organizations and EVN is considered a state owned enterprise well performing this activity.
Every year, EVN hires an independent consultant to assess customer satisfaction with electrical services. Along with that, EVN publicizes all processes and procedures for supplying electricity to all customers on websites of EVN and all member organizations. The press information on EVN’s performance is widely published on the websites on a monthly basis.
In the coming time, EVN will continue striving for further improving the transparency of company information in line with the legal framework.
"Transparency is the key to promoting a sound business environment in Vietnam," said Ms. Nguyen Thi Kieu Vien, founder and director of the Towards Transparency. Disclosure of company information minimizes the risk of corruption. The more transparent the company is, the more trust from investors, partners and customers can be gained.
Information disclosure will help to develop a sustainable investment climate, encourage responsible behavior, and provide better decision-making support to companies in both the public and private sectors. Increasing transparency also brings economic benefits to the company by sending a message to customers and consumers that the company is providing better services on the basis of improving the ethics and integrity of its employees.