[4 March 2019] — ASEAN member countries have taken important steps towards building a region with free movement of goods, services, investment and skilled labour in addition to freer flow of capital, as outlined in the AEC Blueprint. One instrument supporting capital market integration is the ASEAN Corporate Governance Scorecard, which is supported by the Asian Development Bank (ADB) and the ASEAN Capital Market Forum (ACMF) to assess the corporate governance of publicly listed companies in six Southeast Asian countries using a methodology benchmarked against the G20/OECD Principles of Corporate Governance. Promoting good corporate governance practices and development of the market will enable the country to capitalise on the benefits of the AEC and the regional and international reforms.
The OECD-Southeast Asia Corporate Governance Initiative supports the regional development of vibrant and healthy capital markets through the advancement of corporate governance standards and practices. Recognising the specific reform needs of Cambodia, Lao PDR, Myanmar and Viet Nam arising from their stage in economic development, the Initiative focuses on these countries.
Economica Vietnam has been invited by OECD to contribute to the Initiative. The contribution by Economica Vietnam are mostly in the form of contributing to meetings of the initiative and conducting a report on corporate governance framework in Cambodia, Laos, Myanmar and Vietnam.
Economica Vietnam has proactively contributed to meetings and roundtables of the Initiative. The meetings have an intra-regional shape and are organised with the participation of stakeholders from Southeast Asia and international experts, who offer insights based on their experiences.
The report on corporate governance frameworks in four countries: Cambodia, Lao PDR, Myanmar and Viet Nam has been completed. In implementing the report, in addition to the overview chapter, Economica Vietnam is in charge of the chapters on reviewing country contexts and legal framework for on Cambodia, Lao PDR and Viet Nam, in cooperation with Securities and Exchange Commission (SEC) of Cambodia, Laos Securities Commission (LSC), Lao Ministry of Finance, Securities and Exchange Commission of Myanmar (SECM), Directorate of Investment and Company Administration (DICA) of Myanmar, Ministry of Finance in Viet Nam, the State Securities Commission (SSC) of Viet Nam, the Central Institute of Economic Management (CIEM) and the Viet Nam Chamber of Commerce and Industry (VCCI).
More information about the initiative can be found at: http://www.oecd.org/corporate/oecd-southeast-asia-corporate-governance.htm