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Vietnam securities disclosure regulatory enforcement

Updated 2 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-23 02:38 UTC → 2026-09-25 05:02 UTC · added removed

The State Securities Commission of Vietnam (UBCKNN) and the State Securities Inspectorate have issued a series of continue to issue administrative penalties against various companies firms for violating information disclosure requirements in the securities market. and operational requirements. Initial enforcement actions targeted Dien Quang Group, Hoa Binh Construction Group, and Signo Land. Dien Quang Group was fined 150 million VND Land for publishing misleading information regarding its 2025 fourth-quarter profits, while Hoa Binh Construction Group received a 92.5 million VND fine for failing to disclose or delaying reports on bond-related information. Recent enforcement has expanded to include and delayed bond reports. Subsequent penalties included Pacific Bridge Investment Fund Management Joint Stock Company, which was fined 170 million VND Management, Viet Tam Investment, and Co. TNHH MTV 17 and 492 for delays of 15 days or more in publishing audited 2025 financial statements and anti-money laundering risk assessment bond-related reports. Viet Tam Investment Joint Stock Company was fined 92.5 million VND for failing to disclose mandatory information Recent enforcement has intensified regarding bond fund usage and for submitting 2024 semi-annual financial statements past deadlines. Additionally, Co. TNHH MTV 17 accuracy and Co. TNHH MTV 492 each received 92.5 million VND fines for delaying reports on bond proceeds to the Hanoi Stock Exchange (HNX). Further penalties were issued against asset management. EVS Securities Joint Stock Company, which Company was fined 200 million VND for providing inaccurate reports regarding its available capital reporting financial safety ratios for March and April 2026. The 2026 that were higher than actual recalculated figures; the company must also rectify the erroneous information. Capella Quang Nam Joint Stock Company was also penalized with received an 85 million VND fine for separate securities-related securities violations. Further penalties were issued against Rồng Việt Securities, which incurred total fines of 712.5 million VND for infractions including allowing buy orders without sufficient funds, failing to separate client assets from company assets, and exceeding margin loan limits. The firm was also fined 250 million VND for unauthorized collateral management services and is now prohibited from providing such services for client shares. VTG Securities was fined 187.5 million VND for failing to maintain a strict separation between client and company assets, specifically regarding the handling of dividend funds.

Versions

  1. 2026-09-25 05:02 UTC Vietnam securities disclosure regulatory enforcement
  2. 2026-09-23 02:38 UTC Vietnam securities disclosure regulatory enforcement
  3. 2026-09-17 03:42 UTC Vietnam securities disclosure regulatory enforcement

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