Ninh Van Bay fined 365 million VND for securities violations

The State Securities Inspectorate has issued an administrative fine of 365 million VND against Ninh Van Bay Tourism Real Estate Joint Stock Company for multiple violations in the securities and stock market sector.

The penalties are broken down into three main categories. The company was fined 65 million VND for incomplete information disclosure regarding lists of internal persons and related parties in corporate governance reports spanning from mid-2024 to mid-2026. Additionally, the company was fined 175 million VND for providing false information. This included misreporting the General Director's identity, claiming no transactions occurred with entities related to Board members when they did, and providing inaccurate data regarding undistributed after-tax profits and investment loss provisions in audited financial statements.

Finally, Ninh Van Bay received a 125 million VND fine for failing to ensure that members of the Board of Directors, Supervisory Board, Audit Committee, and the General Director met the required legal standards and conditions.