The study looks at current corporate governance (CG) practices in a representative sample of large state-owned and private enterprises in Vietnam. The major objectives of the study were to: i) gain a better understanding of actual corporate governancepractices in Vietnam; ii) provide inputs and recommendations for the drafting of the Enterprise Law 2005 and other elements of the legislative framework that governs business activity in Vietnam; and iii) identify regulatory and non-regulatory ways to improve corporate governance standards in Vietnam.
A sample of 85 relatively large firms in Vietnam across different legal forms and business sectors were surveyed. The survey questions were wide-ranging, and spanned issues relating to: i) their corporate governance structures; ii) their Boards of Management; iii) their Inspection Committees; iv) the rights and treatment of their shareholders; v) the roles and responsibilities of their senior management; vi) their disclosure and transparency issues; and vii) their perceptions of corporate governance in Vietnam. This report provides the main findings of the survey.
October 2006
