HNX has decided to cancel the trading registration for about 126.2 million PSH shares of Nam Song Hau Petroleum Investment Trading JSC (NSH Petro) on UPCoM, with 28/10 as the last trading day and delisting effective 29/10. The move follows the State Securities Commission's (SSC) 14/10/2026 letter revoking PSH's public company status. Before this, PSH had received a warning, trading restrictions, and a trading suspension, and was fined VND 92.5 million on 06/10 for delayed disclosure of multiple documents. The company had been hit by a tax penalty with invoice enforcement since late 2023, and its tax debt was still over 1.25 thousand billion VND at the end of 2025; without invoices, it could not operate and its revenue kept falling. According to filings, PSH posted a consolidated after-tax loss of nearly VND 301 billion in Q2/2026, up from a loss of over VND 158 billion a year earlier, while the parent company again reported no revenue.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: “Đại gia xăng dầu miền Tây” một thời bị hủy tư cách đại chúng, rời UPCoM từ 29/10
Read the original on Vietstock ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- ABC & NBC Focus on Exxon Profits , Skip How Government Gets More in Taxes
ABC and NBC evening newscasts reported ExxonMobil's record $8.4 billion first-quarter 2006 profit, but the article says they omitted how much the government collected in taxes. ABC highlighted that 15% of profits went to dividends and 40% to share buybacks, while ExxonMobil paid about $7 billion in federal income tax, equal to 83% of its profit. NBC said Exxon earned 9.5 cents per dollar of gasoline and oil sold, while the article notes an 18.4 cents per gallon federal gas tax and total taxes averaging 46 cents per gallon, versus the 28 cents Exxon earned on a $3 gallon. The article argues the coverage exaggerated the profits and ignored the tax burden.
- Samland and Nam Song Hau Petroleum Lose Public Company Status
The State Securities Commission (SSC) announced the revocation of public company status for Sacom Real Estate JSC (Samland, SLD), a real estate subsidiary of SAM Holdings, and Nam Song Hau Petroleum Trading and Investment JSC (PSH). Samland had not met shareholder structure requirements since September 23, 2025, and failed to fix this within the one-year remedy period, lacking at least 10% of voting shares held by at least 100 non-major investors, so it closed its shareholder list on September 23, 2026 to carry out the procedures. On October 6, the State Securities Inspectorate fined PSH 92.5 million dong for disclosing several financial statements and bond reports 15 days or more late, plus its 2025 annual report less than 15 days late.
- U . S . Senate candidate Peltola calls the economy the only plot line that matters
Former U.S. Rep. Mary Peltola, a Democrat, has made the economy her top priority in her close race against Republican Sen. Dan Sullivan in Alaska, where spending has topped $100 million. She says rising prices for fuel, food, health insurance, utilities and rent are voters' main concern, and has said the Iran war should not progress in order to ease energy costs. Her proposals include eliminating income taxes for Americans earning less than $92,000 a year by raising taxes on the ultra-wealthy, increasing the Child Tax Credit and making Social Security solvent. Economists say Alaskans are feeling squeezed by record-high diesel and heating fuel prices, and Peltola cited a Selawik household with a $1,500 electric bill. Sullivan, who has backed the president's policies and argues he has cut taxes and expanded oil drilling, has an estimated net worth of $8.2 million, partly from holdings in RPM International.
- Personal income tax revenue expected to fall by nearly VND 34,000 billion this year
Personal income tax revenue this year is estimated at VND 203,200 billion, down VND 33,800 billion (14.3%) from the estimate and 13.6% from last year. The Ministry of Finance attributes this to a higher family deduction, the cut in progressive tax brackets from 7 to 5 under the amended law effective January 1, 2026, and the shift from monthly to quarterly filing. Environmental protection tax is also expected to fall short by about VND 26,200 billion, nearly 60% of the estimate, mainly because gasoline, diesel and jet fuel taxes were cut to zero from late March to stabilize domestic fuel prices. Total budget revenue is still estimated at nearly 3.06 million billion VND, about 21% above target, helped by land-use fees of about VND 640,300 billion. The government projects 2027 budget revenue of about 3.33 million billion VND, up more than 9%, a plan still under review by the National Assembly.
- MTBPS expected to deliver tax windfall and fuel relief
- Morrisey declares state of emergency , OKs dyed diesel in WV | Kanawha Valley
West Virginia Governor Patrick Morrisey declared a state of emergency over high gas prices and issued an executive order letting drivers use dyed off-road diesel on public roads for at least the next 60 days, temporarily suspending penalties and halting inspections for it. The average diesel price in the state was $6.34 a gallon on Tuesday, according to AAA, up 78% from $3.57 a year earlier. Morrisey said the move could lower transportation costs and, in turn, prices for goods, and state Tax Division data shows drivers who switch to dyed diesel could save 20.5 cents per gallon. The article notes that the state's fuel tax losses are unclear and that the order does not affect unleaded gasoline. House Democrats and Treasurer Larry Pack have called for suspending the gas tax.
Related markets
Latest news
- Over 11 million bitcoin has no known owner. Here's what it means
Galaxy Research's October snapshot classified about 11.1 million BTC, roughly 55% of the roughly 20.1 million mined, as held in addresses it cannot link to any known entity. Galaxy's head of research, Alex Thorn, said this suggests self-custody remains widespread, while Xapo Bank argued it shows retail investors have been in bitcoin for over a decade. The article cautions that this unattributed pool may include lost coins, unidentified institutional holdings and coins spread across complex custody setups. The other 45% has names attached, including exchanges, BlackRock-led ETFs, the U.S. government and the largest named holder, 'Satoshi Nakamoto (Patoshi Pattern),' at 1,123,658 BTC.
- 3 AI Infrastructure Stocks Linked To Data Center Power Demand
The article outlines a backdrop of elections in Brazil and Serbia, oil worries tied to the Middle East, and a big week of cloud and AI earnings from Alphabet, Microsoft and Amazon. It profiles three AI infrastructure stocks linked to data center power demand. Monolithic Power Systems, which designs power-management chips, has about US$3.3b in revenue and a US$56.0b market cap, and management expects Enterprise Data growth of at least 130% year over year, with data center exposure approaching 50% of revenue. Analog Devices, with about US$13.9b in revenue and a US$189.5b market cap, reports data center revenue at about 2b on an annualized basis and says its 2030 data center and energy market estimate has more than doubled versus last year. KLA, with a US$190.0b market cap, has a backlog of about US$12.5b and lead times extending into 2027 and 2028.
- Grupo Financiero Galicia (GGAL) Stock Sees Fair Value Cut As Analysts Turn More Cautious
Analysts cut their US dollar price target for Grupo Financiero Galicia from US$60 to US$45, and the updated fair value moved to ARS 10,537.61 from ARS 11,180.27. UBS kept a Neutral rating after trimming its target, while Itau BBA moved the stock to Market Perform from Outperform with a US$60 target, citing lower momentum. The fair value model update also revised revenue growth to 48.63% from 48.79%, net profit margin to 16.88% from 17.02%, future P/E to 9.5x from 10.0x, and the discount rate to 22.47% from 22.50%.
- NVDA Stock Ticks Higher Overnight: a16z Data Shows GPU Rental Prices Rising Sharply, Even For Older Chips
According to a16z, citing Ornn Data, Nvidia GPU rental prices have surged this year: H200 rates are up 160% and B200 up 120% since January, while RTX PRO 6000 rose about 65% and H100 35%. Even the six-year-old A100 costs more to rent than at the start of the year. a16z said rental prices across every GPU model it tracked were 9% to 143% higher than a straight-line six-year depreciation model would imply, suggesting chips are holding value better than expected. Token consumption on OpenRouter has climbed sharply since spring, though a16z cautioned this is only a partial view of AI demand. Meanwhile, AI-linked stocks sold off over the past two weeks, and NVDA is down 7.6% this month, closing at $210.96 on Friday.
- Billionaire Ken Griffin Is Buying This Dividend King That Wall Street Still Rates a Buy
Citadel Advisors, the hedge fund led by billionaire Ken Griffin, has been increasing its stake in AbbVie (ABBV) in recent months. In the second quarter, Citadel bought 2.7 million shares at an average price of $234.57, for about $633 million, bringing its holding to 3.2 million shares worth $909 million at the current price of about $284. The stock has risen about 24% this year and trades at 74 times trailing earnings, which some investors may view as expensive. The article's author nonetheless sees merit in AbbVie as a Dividend King that has raised its annual dividend for 50 consecutive years, currently $6.92 per share, a 2.43% dividend yield. The company has a strong brand lineup including Skyrizi, Rinvoq, Humira and Botox, and about 90 drugs and treatments in development; the FDA approved its once-daily Parkinson's pill Juvmo in September, and William Blair analysts expect its sales could reach as much as $1.4 billion annually by 2040. Of the 30 analysts tracked by Yahoo Finance, 24 rate the stock 'strong buy' or 'buy'.
- Nguyễn Xuân Ái Quốc Appointed Deputy General Director of SACOMBANK
SACOMBANK has appointed Nguyễn Xuân Ái Quốc as Deputy General Director, following a series of frequent personnel changes since the start of the year. Mr. Quốc has more than 20 years of experience in banking and finance at institutions including ANZ, HSBC, VIB, Commonwealth Bank of Australia and Westpac, and in recent years handled large corporate clients and complex large-scale financing deals. He is expected to drive customer-centric business, strengthen financial solution advisory, and improve coordination among business, product and risk management units. With this appointment, the bank's number of Deputy General Directors rises to nine. The article also recaps other changes: Nguyễn Đức Thụy became General Director from March 3, 2026 before moving to Standing Vice Chairman, with Loic Faussier taking over executive duties; Nguyễn Xuân Vũ was elected Vice Chairman from September 18, 2026; and several other deputy directors have resigned or left the bank.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.