Current status and solutions for delaying disclosure of information in financial statements of enterprises on Vietnamese stock market

Abstract

Financial statements of listed businesses have always been a major concern for many entities, especially investors. However, in recent years, many scandals related to information and information disclosure of listed businesses have greatly influenced market stability, especially the delaying publication of financial reporting information is the cause of the lack of transparency in the Vietnamese stock market. The article outlines the disclosure principles set forth in legal documents and the status that some businesses are delaying to submit financial statements in 2021 and semi-annual 2022 on Hanoi Stock Exchange and Ho Chi Minh Stock Exchange. The results show that the problem of delaying financial statements on the Vietnamese stock market is also common, the administration of the government is still loose, not deterrent, can not solve the lingering problems. Based on the results, the article makes a number of recommendations to help market surveillances understand the perception of information disclosure, promote to enhance the quality of information on the Vietnamese stock market.