Corporate Governance in Vietnam : Success Stories
Corporate governance (CG) success stories in Vietnam are part of the International Finance Corporation’s ongoing efforts to raise greater awareness of the merits of CG. These success stories in Vietnam can serve as a guiding light for the immediate...
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Format: | Working Paper |
Language: | English en_US |
Published: |
International Finance Corporation, Vietnam
2015
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Online Access: | http://documents.worldbank.org/curated/en/2015/06/24624010/corporate-governance-vietnam-success-stories http://hdl.handle.net/10986/22058 |
Summary: | Corporate governance (CG) success
stories in Vietnam are part of the International Finance
Corporation’s ongoing efforts to raise greater awareness of
the merits of CG. These success stories in Vietnam can serve
as a guiding light for the immediate benefit and long-term
value of CG to corporate development. The Law on Enterprise
2005, implemented in July 2006, marked the first
introduction of a formal legal framework on CG in Vietnam.
CG practice in Vietnam is expected to undergo sweeping
changes when the revised Law on Enterprise (LOE) 2014 comes
into effect on 1st July 2015. The revised LOE 2014 ensures
independence of the Board of Directors, seeks to eliminate
conflict of interest, and to improve accountability as part
of Vietnamese government’s drive to ensure better CG. |
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