Title: Corporate governance in Vietnam - its significance and challenges

Authors: Olasupo Owoeye; Marieke Van der Pijl

Addresses: School of Law, University of South Australia, Adelaide, Australia ' Gide Loyrette Nouel, 18 Hai Ba Trung, 4th Floor, District 1 Ho Chi Minh City, Vietnam

Abstract: The paper examines the corporate governance challenge in Vietnam. It provides a general discussion on the nature and importance of corporate governance. The existing structures for corporate governance in Vietnam are discussed and the major challenges associated with the Vietnamese corporate governance regime are highlighted. The paper notes that whilst the recent legislations and measures being taken to improve corporate governance practices in Vietnam are good steps in the right direction, much more would have to be done in ensuring adherence to the highest standards of corporate governance practices and this would inexorably require strengthening the administrative framework for corporate governance reforms.

Keywords: corporate governance reforms; director duties; Vietnam; administrative framework.

DOI: 10.1504/IJCG.2016.077983

International Journal of Corporate Governance, 2016 Vol.7 No.1, pp.60 - 77

Received: 26 Jan 2016
Accepted: 19 May 2016
Published online: 30 Jul 2016 *

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