News about State Securities Commission

On 23 October, UBCKNN published penalty decisions against SmartInvest Securities (AAS), Dong A Plastic Group (DAG), Telecommunications Technical Services (TST) and Phong Lieu Wind Power (PLWC) for reporting and disclosure violations. AAS was fined 150 million dong for inaccurate reporting on the use of company funds and assets to secure obligations to a third party, and must report correct information. PLWC was fined 77.5 million dong for registering its corporate bond PLWCH2135001 more than 12 months late, while DAG was fined 92.5 million dong for disclosing many financial and governance reports at least 15 days late. TST was fined a total of 151.25 million dong, including for incomplete disclosure of a loan of over 5.9 billion dong from a board member who is also general director, and for late notice to UBCKNN after it no longer met public-company conditions, with shareholders' equity of nearly 27.5 billion dong in its audited 2025 financial statements.

The State Securities Commission (UBCKNN) fined three companies listed on UPCoM on October 19 and 20, 2026. TID was fined 92.5 million VND for late disclosure of semi-annual financial statements and general meeting documents, while STS was fined 162.5 million VND for disclosure failures related to its 2024 financial statements and public company status. GCF received total fines of 425 million VND, with the heaviest penalty (175 million VND) for disclosing profit-after-tax figures that did not match between quarterly and reviewed or audited statements; for example, its consolidated H1 2026 profit after tax was over 51 billion VND in the Q2 report but nearly 32 billion VND after review. Other GCF violations included late disclosure of board candidate information for the 2026-2031 term and failure to report a change in capital use plan.

On 14/10/2026, the State Securities Commission (UBCKNN) warned investors to be cautious about unverified information shared online that affects the stock market. The Cybersecurity Department under the Ministry of Public Security, working with Hanoi police and UBCKNN, acted against the TikTok account “Kiến Trúc Sư” (@thearchitectvn), which posted videos from 25/07/2026 with false, unverified claims about securities companies' margin lending. On 21/09/2026, Hanoi police fined the account owner 12.5 million VND for sharing fake and false information that harmed the reputation of agencies and organizations. UBCKNN urged investors not to believe or share unverified information, and said false statements about the securities market will be strictly penalized.