Regulations on periodic information disclosure of a public company in Vietnam

According to Article 10 of the Circular No. 96/2020/TT-BTC of the Ministry of Finance of Vietnam, periodic information disclosure of a public company is specified as follows:

1. A public company must disclose its annual financial statements audited by an accredited audit organization according to the following rules:

- The financial statements must include adequate reports, appendixes and notes as prescribed in corporate accounting laws;

If the pubic company is a parent company, it shall disclose 02 types of financial statements, including annual financial statements of its own and consolidated annual financial statements in accordance with corporate accounting laws;

If the public company is a superior accounting unit that has affiliated units with separate accounting apparatus, it must disclose the general annual financial statements in accordance with corporate accounting laws;

If the pubic company is a parent company and also a superior accounting unit that has affiliated units with separate accounting apparatus, it shall disclose 02 types of financial statements, including general annual financial statements and consolidated annual financial statements in accordance with corporate accounting laws;

- The public company must disclose information about its audited annual financial statements, including the auditor’s report on the audit of such financial statements and its explanation about any qualified opinions on financial statements;

- Time limit for disclosure of annual financial statements:

The public company must disclose its audited annual financial statements within 10 days from the day on which the auditor’s report is signed by the audit organization and within 90 days from the end of the fiscal year.

2. The public company must prepare its annual report according to the form prescribed in Appendix IV enclosed herewith and disclose it within 20 days from the date of disclosure of its audited annual financial statements and within 110 days from the end of the fiscal year.

Financial information included in the annual report must correspond to those in its audited annual financial statements.

3. Disclosure of information about the annual General Meeting of Shareholders (GMS)

- At least 21 days before the opening date of the GMS, unless a longer period is specified in the company’s charter, the public company shall make disclosure on its website and the websites of the State Securities Commission of Vietnam (SSC) and Stock Exchange (if it is a listed or registered organization) of information about the meeting of the GMS, including invitation to the GSM, meeting agenda, votes, meeting documents and draft resolution on each issue in the agenda. Documents of the GMS must be updated with amendments (if any);

- Minutes and resolution of the annual GMS and enclosed documents must be disclosed within the time limit prescribed in Point c Clause 1 Article 11 of this Circular.

4. The public company must disclose information about the report on corporate governance made according to the form in Appendix V enclosed herewith within 30 days from the end of 06 first months of the year and the end of the calendar year.

View more details at the Circular No. 96/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2021.

Le Vy

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