Three Topics That State-Owned Economic Groups and State Corporations Must Periodically Announce

03 contents that Economic Groups, State Corporations must periodically disclose (Illustration)

According to the provisions in Clause 2, Article 16 of Circular 02/2015/TT-BKHDT, Economic Groups and State Corporations must disclose the following contents:

- Economic Groups, State Corporations must prepare and disclose the 06-month governance report in accordance with Appendix No. 5 attached to Circular 02/2015/TT-BKHDT. Disclosure must be no later than August 31 each year.

- Economic Groups, State Corporations must report on loan, lending, and asset purchase and sale contracts with a value equal to or greater than 10% of the total asset value calculated on the most recent audited annual financial statement or the most recent 06-month financial review, or loan, lending, asset purchase and sale contracts with a value equal to or greater than 10 billion VND. Disclosure must be no later than June 20 each year.

- Economic Groups, State Corporations must report on asset losses equal to or greater than 10% of the owners' equity calculated on the most recent audited annual financial statement or the most recent 06-month financial review, or equal to or greater than 1,000 billion VND. Disclosure must be no later than June 20 each year.

The above contents are disclosed according to the following procedure:

- Economic Groups, State Corporations must disclose information contents as stipulated in Clause 2, Article 15 of Circular 02/2015/TT-BKHDT, and at the same time send these disclosed information contents to the Authority exercising ownership rights, the Ministry of Planning and Investment within 05 working days after the contents are approved.

- The Authority exercising ownership rights must disclose the reports of Economic Groups, State Corporations as stipulated in Clause 2, Article 15 of Circular 02/2015/TT-BKHDT within 05 working days from the date of receipt of the disclosed information contents from the Economic Groups, State Corporations.

- The Ministry of Planning and Investment must disclose the reports of Economic Groups, State Corporations as stipulated in Clause 2, Article 15 of Circular 02/2015/TT-BKHDT on the Vietnam Enterprise Information Portal of the Ministry of Planning and Investment (http://www.business.gov.vn) within 05 working days from the date of receipt of the disclosed information contents from the Economic Groups, State Corporations.

More details can be found in Circular 02/2015/TT-BKHDT, effective from June 22, 2015.

Thuy Tram

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