Some local firms ready for listings on int’t bourses The country managing partner of Ernst & Young (EY) Vietnam Limited said a number of Vietnamese companies have prepared well for listing their shares on international stock markets and are now waiting for signals of markets around the globe.
“We have worked with those companies with plans for international listings and they have been ready for this. They are waiting for an opportune time of the market,” Tran Dinh Cuong responded to a question raised by the Daily when Max Loh Khum Whai, regional managing partner of EY for Asean, visited The regional managing partner of EY joined a function held by Ernst & Young Vietnam Limited to announce the adoption of EY as the global brand name of the group - a global assurance, tax, transaction and advisory services firm. In addition to the brand name, EY unveiled a new logo and adopted “building a better working world” motto as its purpose from July when EY publicized Mark Weinberger as its global chairman and CEO. Though Cuong said the number of Vietnamese companies having been ready for international listing was not large, he expected there would be listings in the next two years. Many companies are now in dire need of capital for expansion but are unable to mobilize capital in He did not disclose the foreign bourses where the companies planned to join. However, Max Loh suggested But Max Loh noted some challenges for Vietnamese companies to list their shares in Cuong said complying with strict criteria for corporate governance, risk management, information dissemination, financial reporting among others would take Vietnamese companies a lot of resources, especially in a time when financial and human resources of local firms remained limited. Max Loh said Vietnamese companies would have a broader base of investors and wider access to capital if they listed their shares in He assured that However, Max Loh said “I think Source: SGT |
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