# Vietnam State Securities Inspectorate regulatory penalties

> Developing situation record from CLSTR: https://clstr.news/situations/vietnam-state-securities-inspectorate-regulatory-penalties
> Updated: 2026-11-05T07:46:07.000Z. Sources: 2. Developments: 2.

The State Securities Inspectorate of Vietnam has issued several administrative penalties against various companies for violations related to information disclosure and financial reporting.

In October 2026, Geleximco Group and GC Food were fined for failing to disclose mandatory documents to the Hanoi Stock Exchange and for publishing inaccurate profit figures in quarterly reports. 

By November 2026, the Inspectorate expanded its enforcement to include Vilacona, Duc Trung Investment JSC, and GKM Holdings. These companies were penalized for delays in disclosing audited financial statements, providing misleading information regarding bond interest payments, and failing to meet disclosure deadlines for private corporate bond offerings.

## Timeline

### 2026-11-05: Vietnam State Securities Inspectorate penalizes multiple companies

The State Securities Inspectorate of Vietnam has fined Vilacona, Duc Trung Investment, and GKM Holdings for various information disclosure and bond reporting violations.

2 sources. https://clstr.news/cluster/vietnam-state-securities-inspectorate-penalizes-multiple-companies

### 2026-10-19: State Securities Inspectorate fines Geleximco and GC Food

Vietnam's State Securities Inspectorate fined Geleximco and GC Food for financial reporting violations and failure to disclose mandatory bond and profit information.

3 sources. https://clstr.news/cluster/state-securities-inspectorate-fines-geleximco-and-gc-food

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Cite as: Vietnam State Securities Inspectorate regulatory penalties. CLSTR, https://clstr.news/situations/vietnam-state-securities-inspectorate-regulatory-penalties