Vietnam State Securities Inspectorate penalizes multiple companies

The State Securities Inspectorate of Vietnam has issued administrative penalties against several companies for violations regarding information disclosure and bond transaction regulations.

Vilacona (Viet Lao Economic Cooperation Investment JSC) was fined 85 million VND for failing to disclose audited financial statements and corporate governance reports within the required timeframes.

Duc Trung Investment JSC received a total fine of 267.5 million VND. The company was penalized 92.5 million VND for failing to disclose information regarding bond usage and late payments, and 175 million VND for providing misleading information concerning bond interest payments.

GKM Holdings was fined 330 million VND for a series of violations. These included delays in disclosing audited financial statements and quarterly reports, providing incomplete information regarding the Chief Accountant in corporate governance reports, and failing to meet disclosure deadlines for private corporate bond offerings.