News · Vietstock

Two CMS executives fined for trading CMS shares through other people's accounts, one violation spanning nearly 14 years

The State Securities Commission (SSC) fined two executives of CMH Vietnam Group JSC (CMS), Trần Văn Trung and Đinh Thị Thủy, VND 225 million each for trading CMS shares through securities accounts registered in other people's names, in order to conceal true ownership and avoid information disclosure obligations. Trung's violation ran from 13/01/2022 to 22/09/2023, while Thủy, the chief accountant, traded this way from 03/12/2010 to 15/08/2024, nearly 14 years that began days after CMS listed on HNX (29/11/2010). As of 30/06/2026, Thủy directly held nearly 115 thousand CMS shares (0.451% of charter capital), while Trung held none. CMS closed at VND 5,200 per share on 24/10, down 30% since the start of 2026. In the first half of 2026 it recorded nearly VND 163 billion in consolidated net revenue, up 19%, but net profit was under VND 2 billion, down 51%.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Phạt hai lãnh đạo CMS vì dùng tài khoản người khác giao dịch cổ phiếu, có trường hợp vi phạm gần 14 năm

Read the original on Vietstock ↗

Keywords

CMSregulationearningsVietnam

Open a keyword to see other news on the same topic.

Related tickers and likely impact

VNINDEX

• Neutral

Relevance: low

MarketVietnam stocks
Close on 10/23/20261,774.15
Change that session+0.77%
VNINDEX price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Chief Accountant Hid Stock Trading for Nearly 14 Years

    The State Securities Commission has announced fines totaling 450 million VND for two executives of CMH Vietnam Group Joint Stock Corporation (CMS): Deputy General Director Trần Văn Trung and Chief Accountant Đinh Thị Thủy, 225 million VND each. Both were found to have traded CMS shares through securities accounts registered in others' names, concealing their true ownership and evading information disclosure obligations. Trung's violation period lasted over 1.5 years, while Thủy's lasted nearly 14 years. The penalty decisions took effect on October 20, 2026.

    CafeF·CMSregulationVietnam
  • Deputy General Director and Chief Accountant of CMH Group fined over violations in CMS share trading

    The State Securities Inspectorate fined Mr. Trần Văn Trung, Deputy General Director of CMH Group, and Ms. Đinh Thị Thủy, its Chief Accountant, 225 million VND each. Both were penalized for concealing the true beneficial ownership of CMS shares to evade disclosure obligations, by trading CMS through securities accounts registered in other people's names at MB Securities and FPT Securities. The decisions are No. 626/QĐ-XPHC for Mr. Trung and No. 627/QĐ-XPHC for Ms. Thủy. Mr. Trung, born in 1979, has been Deputy General Director of CMH Vietnam since June 2015 and joined its Board of Directors in March 2025. Ms. Thủy, also born in 1979, has been Chief Accountant of CMH Vietnam since March 2015 and, from February 2014 to March 2026, also served as Deputy General Director of CMS.

    CafeF·regulationVietnamCMS
  • Major changes to gold business operations in Vietnam

    On 16/10/2026, the Government issued Decree No. 390/2026/NĐ-CP amending Decree No. 24/2012/NĐ-CP on gold business management, effective the same day. Producing, processing and trading gold jewellery and decorative art are no longer conditional business lines, the related conditions and certificates are abolished, and oversight shifts from prior to post-inspection. Gold bar production and trading still require a State Bank of Vietnam licence. Gold purchases or sales of 5 million VND or more in a single day must be paid by non-cash means, down from 20 million VND previously, aimed at improving transparency and preventing tax evasion.

    CafeF·• PNJ• XAU/USDgoldPNJState Bank of Vietnam
  • Expenses deductible when determining corporate income tax taxable income

    The Cần Thơ Tax Department advised Ms. Dương Vy Thảo that monthly production allowances and production remuneration paid by a public non-business unit that partially self-funds recurrent expenses (group 3) to staff directly involved in production and to managers may be counted as deductible expenses when determining corporate income tax taxable income. Under Decree No. 320/2025/NĐ-CP, the expense must be actually incurred, supported by sufficient invoices and documents, and paid by non-cash means for transactions of 05 million VND or more. Salaries and allowances payable but not actually paid by the annual tax finalization filing deadline are not deductible, unless the enterprise has set up a salary reserve fund capped at 17% of the actual salary fund. The unit should review beneficiaries, payment levels, approval authority and documents, and align with the financial autonomy regime applicable to it.

    CafeF·taxesbusinessesVietnam
  • TCEX takes another step forward in its crypto-asset licensing roadmap

    TCEX received approval from the Cybersecurity Department (Ministry of Public Security) on 23/10/2026 for its level-4 information system security proposal, per document No. 5490/BCA-A05 dated 12/10/2026. The milestone meets one of the key technology requirements to take part in the pilot crypto-asset market under Resolution 05/2025/NQ-CP. TCEX directly controls and operates core systems in Vietnam, including order matching, asset custody and transaction monitoring, with encryption keys stored domestically and multi-party signing. The company was established on 05/05/2025 with TCBS as a founding shareholder and was confirmed on 04/05/2026 to have met the first-round document requirements under No. 5547/BTC-UBCK. It is now completing the remaining second-round conditions and says it aims to meet international standards such as ISO 27001, SOC 2 and CCSS.

    CafeF·cryptoregulationVietnam
  • Expert: Hard to cut electricity bills if evening rates are high

    A draft amendment to the Electricity Law proposes time-of-use household electricity pricing with peak, off-peak and normal hours, to be introduced when technical conditions allow, but regulators have not yet set specific hours or rates. For the same usage, households that use most power in the evening may pay more, while those that shift washing, water heaters or EV charging to off-peak hours could benefit. Peak-hour rates for businesses are already 1.7–2.8 times higher than normal and off-peak rates, but experts say families find it harder than factories to change daily routines. They propose trial runs, testing bills on actual data, keeping total revenue unchanged and protecting customers during the transition, such as a 12-month bill-protection scheme run by a California utility.

    VnExpress·electricityregulationcost of living

Related markets

Vietnam stocks →

Latest news

  • Amazon Spent More on Data Centers Last Quarter Than AWS Earned in Revenue. Should Investors Worry?

    AWS, Amazon's cloud unit, generated about $42 billion in revenue in the second quarter, up 36% year over year, with an annual run rate of $169 billion. In the same quarter, Amazon's cash capital expenditures totaled just over $53 billion, mostly tied to AWS and generative AI and about $10 billion above AWS's quarterly revenue. Amazon raised its 2026 capex forecast by $20 billion to about $220 billion. Management says demand is already present: AWS's backlog of contracted future revenue reached $496 billion and is growing at a triple-digit rate, and Andy Jassy says Amazon still cannot meet 2026 demand even at this spending level. The author sees this as a bet on timing, with free cash flow likely under pressure until the new data centers and servers start generating returns, so the key thing to watch is whether AWS revenue keeps accelerating alongside capex.

    Yahoo Finance·▼ AMZNAMZNcloud computingdata centers
  • Here's Why AMD Investors Should Consider Selling Before Nov. 3

    AMD shares have risen about 150% in 2026, ranking among the top 10 best performers in the S&P 500, but the author argues part of that gain is not supported by results. The stock trades at nearly 140 times trailing earnings and 34 times next year's earnings, compared with Nvidia at 27 times trailing earnings. In the second quarter, AMD's data center revenue rose 107% to $6.7 billion, but total revenue grew 50% to $11.5 billion because its non-data center units lagged, while Nvidia reported 117% data center growth to $89 billion and total revenue of $96.2 billion, up 106%. The author expects heavy selling pressure as funds take 2026 gains and roll them into 2027 ideas, potentially pushing AMD's valuation lower ahead of its earnings report, and suggests rotating from AMD into Nvidia.

    Yahoo Finance·AMDsemiconductorsvaluation
  • Prediction: $200 a Month Invested in Nvidia Will Be Worth This Much by 2035

    Investing $200 a month from next month through December 2035 would total $22,000 in contributions over 110 months. The article estimates the position's value at several annualized returns: about $17,677 at a negative 5%, just over $35,000 at 10%, and more than $61,930 at 20%. Nvidia has compounded at an average 63% annually over the past 10 years, but the author says it is unrealistic to expect that pace to repeat given that the company now accounts for about 7% of the total U.S. stock market value. Key risks include supply chain constraints, which Huang described as challenged, possible spending pullbacks by large customers, and rising competition from AMD and from major customers such as Alphabet, Amazon, and Microsoft that are developing their own AI chips.

    Yahoo Finance·NVDAartificial intelligencesemiconductors
  • Jensen Huang Says AI Demand Is "Off the Charts." The Money to Pay for It Isn't

    The Philadelphia Semiconductor Index plunged nearly 7% on Thursday, with all 30 of its stocks closing lower, and Nvidia fell about 4.5%. CEO Jensen Huang said demand from neoclouds, companies that rent out Nvidia-powered computing capacity, is off the charts, but the money needed to build that capacity far exceeds what is available. His proposed fix is to make Nvidia's chips a “financeable asset” that lenders accept as collateral for AI infrastructure loans, and Nvidia has worked with investment banks for months to mobilize more than $500 billion in financing. Huang argues the chips hold their value, citing rising rental prices for older H100 chips between Oct. 2025 and March 2026, while the author notes computing hardware is typically depreciated over 3 to 4 years and that Nvidia may guarantee part of the chips' future value. The author warns that reliance on borrowed money exposes Nvidia to a credit crunch, and points to soaring bond yields at heavily indebted neoclouds as a sign that appetite for lending before real cash flow is declining.

    Yahoo Finance·▲ NVDANVDAsemiconductorsAI investment
  • Rocket Lab Is Buying Iridium, and Guess What? Iridium Just Beat Earnings!

    Iridium (IRDM) reported Q3 2026 results on October 20, with earnings of $0.98 per share and revenue of $245.7 million, beating analyst estimates of $0.34 per share and $236.3 million. Most of the improvement came from reacquiring Aireon in July, which lifted revenue 8% year over year. Rocket Lab (RKLB) is buying Iridium in an $8 billion deal expected to take effect mid-2027. S&P Global Market Intelligence forecasts Iridium's 2027 earnings to rise 35.5% to over $210 million and free cash flow to climb 28% to $379 million, enough to cover Rocket Lab's expected $74 million loss and $83 million in negative free cash flow. The article notes that Rocket Lab's $45 billion market capitalization equals 150x forward price-to-free cash flow, which it calls far from cheap.

    Yahoo Finance·mergers and acquisitionsearningsvaluation
  • Apple Just Passed Nvidia as the World’s Most Valuable Company on iPhone Duo Day

    Apple shares hit a record intraday high of $351.73, lifting its value to about $5.1 trillion and briefly placing it ahead of Nvidia on the day the foldable iPhone Duo reached stores. Nvidia regained the top spot by the close, as Apple slid 0.14% to $347.73 ($5.074 trillion) and Nvidia fell 0.59% to $210.96 ($5.094 trillion), a gap of about $20 billion versus about $42 billion the previous day. The Duo starts at $1,999 and tops out at $3,199; preorders sold out almost immediately and deliveries slid into late January, while in China, where the base model starts near 16,000 yuan, scalpers offered up to 3,000 yuan (about $448) above what buyers paid. The author argues that limited supply will cap Apple's December-quarter sales, and that at 45 times earnings the stock already prices in a drawn-out Duo cycle, while Nvidia is growing faster with data center revenue up 117% and guidance of $108 billion in revenue. The author says the view could change if Apple's upcoming report shows easing Duo supply and steady margins.

    Yahoo Finance·▲ AAPL▼ NVDAAAPLNVDAvaluation

All news →

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.