-
 Since
listing on the stock market, our image and reputation has
greatly improved in both the domestic and foreign markets.
However, there are also quite a few disadvantages to listing. As
soon as we disclosed information about our company, our
competitors were able to learn our product specifications and
corporate strategy, and were very quick to copy. Of course
transparency is needed, but transparency requirements need to be
fair. In my opinion, this means that shareholding companies,
regardless of whether or not they are listed, should have the
same transparency obligations under the law.
Mr. Vu Duong Hien - Chairman and General Director,
Hai phong Paper Joint Stock Company (HAPACO)
-
The primary requirement of a stock market is transparency.
Currently, many companies are distracted by the short-term
benefits of "beating the system," and thus lose out on long-term
benefits. Companies should have strategic and long-term visions
rather than chasing after immediate gains. Take, for example, a
company like Bitis [one of Vietnam's largest private footwear
manufacturers]. It was established at the same time as companies
like Epco and Minh Phung, but unlike those companies, it has not
collapsed. Rather, it has grown steadily, by maintaining a
consistent business strategy in its manufacturing sector,
building a strong name brand and good reputation.
Dr. Le Xuan Nghia -
Director, Banking Strategy Development Department,
State Bank of Vietnam (SBV)
Mr. Tran Van Dung -
Deputy Director, Office of the State Securities Commission (SSC)
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