Vietnam Issues Regulations on Bank Info Transparency

3:26:23 PM | 7/8/2005

Vietnam Issues Regulations on Bank Info Transparency

 

All local commercial joint stock banks must now publish their financial status quarterly and annually to help investors keep in touch with their performance, according to a new decision by the State Bank of Vietnam (SBV), the country’s central bank.

 

Within 120 days of the end of the fiscal year, they must make public their annual account balance sheets, operating and financial reports and conclusions of an independent auditing organization via centrally run or locally run state-owned public media.

  • L.D