Four foreign securities auditors licenced in Vietnam

HANOI, Apr 28, 2008 (Asia In Focus via COMTEX) -- -- Vietnam's State Securities Commission (SSC) has announced that four foreign auditing firms have been allowed to audit securities issuers, listed companies and securities business firms. The firms are ERNST & YOUNG VIETNAM, GRANT THORNTON VIETNAM, PRICE- WATERHOUSE cOOPERS VIETNAM and KPMG.

* The companies are among 28 auditing firms qualified to do the job.

* Ministry of Finances Decision No 89 issued last October requires a qualified company to have a charter capital or ownership capital of at least 2 billion VND (US$125,000) for domestic firms; and a charter capital of US$300,000 or more for foreign invested firms.

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