# Vietnam BCE stock manipulation investigation > Developing situation record from CLSTR: https://clstr.news/situations/vietnam-bce-stock-manipulation-investigation > Updated: 2026-11-08T15:17:27.000Z. Sources: 4. Developments: 2. The State Securities Commission of Vietnam issued an administrative fine of 1.5 billion VND against Le Viet Cuong, a resident of Ho Chi Minh City, for manipulating the stock price of Binh Duong Construction and Transport Joint Stock Company (BCE). Between October 16, 2024, and March 4, 2025, Cuong allegedly used eight different securities accounts, including those held in his own name, borrowed from others, or held by a proxy, to influence the supply, demand, and trading price of BCE shares. During this period, the stock price reportedly rose by approximately 81.8%, increasing from 4,570 VND to 8,310 VND per share. Authorities noted that no illegal profits were identified from these actions. As a penalty, Cuong is prohibited from securities trading and from holding positions at securities companies or fund management firms in Vietnam for two years, effective November 10, 2026. Additionally, four individuals, identified as Le Mong Thai Thuong, Le Mong Truc Quynh, Truong Kim Duyen, and Nguyen Susan Ha, received a nine-month suspension from securities trading for allowing their accounts to be used in the scheme. These individuals are also barred from holding management roles at securities and fund management firms for two years. ## Timeline ### 2026-11-08: Vietnam State Securities Commission fines investor for stock manipulation A Ho Chi Minh City investor was fined 1.5 billion VND by Vietnam's State Securities Commission for manipulating BCE stock using eight different accounts. 2 sources. https://clstr.news/cluster/vietnam-state-securities-commission-fines-investor-for-stock-manipulation ### 2026-11-06: Investor fined 1.5 billion VND for BCE stock manipulation Le Viet Cuong has been fined 1.5 billion VND by Vietnamese regulators for manipulating BCE stock using eight different accounts. 3 sources. https://clstr.news/cluster/investor-fined-15-billion-vnd-for-bce-stock-manipulation --- Cite as: Vietnam BCE stock manipulation investigation. CLSTR, https://clstr.news/situations/vietnam-bce-stock-manipulation-investigation