7:43:18 PM | 18/9/2008
The Credit Information Center (CIC) under the State Bank of Vietnam in partnership with leading global credit rating corporation Dun&Bradstreet Sept 16 announced the ratings of top 20 listed firms on the two stock exchanges.
A total of 117 of 293 listed companies in Vietnam scored the highest possible ranking for credit worthiness last year, marking an increase of 23.16 per cent over 2006.
The rankings are built mainly on state-audited financial reports, banking loans and non-financial services.
"We aim to provide investors with adequate information on listed firms through the ratings, although they are not perfect," said Dao Quang Thong, deputy director of CIC.
"Traders were thirsty for information, especially from reliable sources. Thus, market transparency will be raised (through the ratings)," said Cao Sy Kiem, chairman of Vietnam Association of Small & Medium-sized Enterprises.
Followings are top 20 outstanding companies, with 12 ones on HOSE and 8 ones on HASTC:
1. Ben Tre Aquaproduct Import-export Company (ABT)
2. Asia Commercial Bank ACB)
3. Binh Dinh Minerals Joint Stock Company (BMC)
4. The Corporation for Financing and Promoting Technology (FPT)
5. Hapaco Hai Au Company (GHA)
6. Haiphong Cement Transport and Trading Company (HCT)
7. Hoa Binh Rubber Joint Stock Company (HRC)
8. Nui Beo Coal Company (NBC)
9. Tien Phong Plastic Company (NTP)
10. Pan Pacific Corporation (PAN)
11. Hai Phong Petrolimex Transportation and Service Company (PTS)
12. Sai Son Cement Company (SCJ)
13. Song Da Urban and Industrial Zone Investment and Development (SJS)
14. Saigon Securities Incorporation (SSI)
15. Tuong An Oi Company (TAC)
16. Tay Ninh Cable Car Tour Joint Stock Company (TCT)
17. Can Tho Agricultural and Animal Products Imex Company (TSC)
18. Vien Lien Company (UNI)
19. Vincom Joint Stock Company (VIC)
20. Vietnam Container Shipping Company (VSC)
Vu Bang, chairman of State Securities Commission, suggested that CIC quickly complete a standard system to rate listed firms so that investors would have more accurate information with which to deal. (Youth, VNS)
Vietnamese
