GELEX will simultaneously disclose information in English from January 1, 2025.
Việt Nam•20/11/2024
It is not only an obligation to comply with the law but also a way for GELEX to build a transparent corporate image; demonstrate respect for shareholders and investors; demonstrate professionalism in management and is a measure of corporate capacity.
Information Disclosure Department - GELEX Group said: "Circular 68/2024/TT-BTC amending and supplementing Article 5 of Circular No. 96/2020/TT-BTC on the language of information disclosure on the stock market of the Ministry of Finance stipulates: Listed organizations and large-scale public companies shall periodically disclose information in English from January 1, 2025. However, to facilitate foreign investors to more easily access information about GELEX's operations, in addition to periodic information disclosure documents, GELEX will also disclose extraordinary information, disclose information upon request and disclose information about other activities simultaneously in English from January 1, 2025". Accordingly, the information disclosed in English by GELEX will ensure consistency with the content of the information disclosed in Vietnamese. Currently on the stock market, in the VN30 group, Vingroup and its member companies such as Vinhomes, Vincom Retail, Vinamilk, Masan, Vietjet, SSI, Sabeco, FPT, Coteccons are also disclosing periodic and irregular information in English. This shows that most large-scale enterprises or those with foreign strategic shareholders are disclosing information in both English and Vietnamese. Assessing the roadmap for disclosing information in English, SSI Research believes that this is a step closer for the Vietnamese stock market to meet the requirements for upgrading to an emerging market by FTSE Russell. With the upgrade to an emerging market, according to preliminary estimates from SSI Research, capital flows from ETF funds could reach up to 1.7 billion USD, not including capital flows from active funds (FTSE Russell estimates that total assets from active funds are 5 times higher than ETF funds). As a public company, GELEX's Board of Directors determines that information disclosure is not only an obligation to comply with the law but also a way to build a transparent corporate image; demonstrate respect for shareholders and investors; professionalism in governance and is a measure of the company's capacity. According to the Information Disclosure Department - GELEX Group, GELEX's information disclosures not only comply with regulations on time and form but also pay attention to the quality of the published/publicized content, ensuring complete information, logic and accessibility to relevant parties. "Currently, even with many contents/information that are not subject to mandatory disclosure, the company has also implemented voluntary disclosure to ensure transparency. We are aware that when disclosing information transparently, fully and accurately, investors will have a positive view and trust in the company's development", said a GELEX representative. In fact, compliance with public information disclosure requires enterprises to have a transparent and effective management system. In addition, regulations on information disclosure are not only stipulated in Circular 96/2020/TT-BTC "Guidelines for information disclosure on the stock market", but are also scattered in specialized laws, decrees, and circulars on the securities sector. Even regulations on public information disclosure can change over time. Therefore, GELEX's Information Disclosure Department always regularly updates information, researches, synthesizes, and consults with specialized agencies on regulations to perform this task accurately.
GELEX is in the TOP of enterprises meeting Information Disclosure standards in 2023 and 2024, according to the announcement of the IR Awards Organizing Committee.
GELEX also regularly organizes internal legal training sessions to ensure that information disclosure is coordinated and implemented smoothly and professionally. In addition, the company focuses on proactively updating information on production and business activities, development orientations and investment areas of the Group on a variety of media channels such as: youtube, linkedin, fanpage, press, events... with many modern and innovative forms. From there, it creates information dissemination, reaching all shareholders in particular and the investor community in general, strengthening investors' confidence in the sustainable value of the enterprise.
Currently on the stock market, in the VN30 group, Vingroup and its member companies such as Vinhomes, Vincom Retail, Vinamilk, Masan, Vietjet, SSI, Sabeco, FPT, Coteccons are also disclosing periodic and irregular information in English. This shows that most large-scale enterprises or those with foreign strategic shareholders are disclosing information in both English and Vietnamese. Assessing the roadmap for disclosing information in English, SSI Research believes that this is a step closer for the Vietnamese stock market to meet the requirements for upgrading to an emerging market by FTSE Russell. With the upgrade to an emerging market, according to preliminary estimates from SSI Research, capital flows from ETF funds could reach up to 1.7 billion USD, not including capital flows from active funds (FTSE Russell estimates that total assets from active funds are 5 times higher than ETF funds). As a public company, GELEX's Board of Directors determines that information disclosure is not only an obligation to comply with the law but also a way to build a transparent corporate image; demonstrate respect for shareholders and investors; professionalism in governance and is a measure of the company's capacity. According to the Information Disclosure Department - GELEX Group, GELEX's information disclosures not only comply with regulations on time and form but also pay attention to the quality of the published/publicized content, ensuring complete information, logic and accessibility to relevant parties. "Currently, even with many contents/information that are not subject to mandatory disclosure, the company has also implemented voluntary disclosure to ensure transparency. We are aware that when disclosing information transparently, fully and accurately, investors will have a positive view and trust in the company's development", said a GELEX representative. In fact, compliance with public information disclosure requires enterprises to have a transparent and effective management system. In addition, regulations on information disclosure are not only stipulated in Circular 96/2020/TT-BTC "Guidelines for information disclosure on the stock market", but are also scattered in specialized laws, decrees, and circulars on the securities sector. Even regulations on public information disclosure can change over time. Therefore, GELEX's Information Disclosure Department always regularly updates information, researches, synthesizes, and consults with specialized agencies on regulations to perform this task accurately. 
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