Fined for incomplete and delayed disclosure of certain company information from 2023
On August 29, 2025, Big Group Holdings JSC received Decision No. 223/QD-XPHC, issued on August 28, 2025, by the Inspection Agency of the State Securities Commission of Vietnam (SSC) regarding administrative fines. Accordingly, the company was fined VND 60 million for late disclosure of information under the provisions of Clause a, Point 3, Clause 42 of the Government’s Decree No. 156/2020/ND-CP dated December 31, 2020, on sanctions for administrative violations in the field of securities and the securities market.
The company was also fined VND 65 million for incomplete information disclosure under the provisions of Clause b, Point 3, Clause 42 of Decree No. 156/2020/ND-CP. This fine took into account the aggravating circumstance of “multiple administrative violations” as stipulated in Point b, Clause 1, Article 10 of the Law on Handling of Administrative Violations.
The total fine amounted to VND 125 million.
Inspection helps to streamline the business
This decision was part of the SSC’s periodic inspection to review the operations of listed companies. The relatively small fine of VND 125 million was considered a lenient penalty for the violations, attributed to the company’s lack of experience as a young business that has only been listed on the stock exchange for three years.
“After the SSC’s comprehensive inspection of our documents, we at BIG have learned invaluable lessons. We deeply reflect on our shortcomings and are committed to improving our operations, especially in information disclosure to ensure completeness, transparency, and timeliness,” said Vo Phi Nhat Huy, Chairman of the Board of Directors of BIG Group Holdings. “This inspection is an opportunity for BIG to strengthen our corporate governance after three years as a public company.”
Supplementary and rectifying documents were promptly issued
On August 29, 2025, immediately after receiving feedback from the SSC, Big Group Holdings issued supplementary documents to address the information disclosure gaps and rectify the reports. This proactive action demonstrates the company’s openness, transparency, and commitment to compliance. The company is dedicated to promptly addressing any shortcomings and ensuring the accuracy of its disclosures.
Positive semi-annual business results in 2025 and expansion of the hotel chain
The audited semi-annual financial report for 2025 showed positive results for Big Group Holdings, with a revenue of VND 208.7 billion, achieving 43% of the set plan, and a post-tax profit of VND 2.2 billion. This success is attributed to the company’s strategy of expanding its BIG HOTEL brand nationwide.
 BIG HOTEL in the center of Vung Tau, recently launched by BIG in August 2025
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By purchasing hotels at attractive prices and leasing hotels in prime locations in tourist cities, BIG has acquired valuable assets and established a steady stream of daily revenue. The company currently owns and operates seven rental properties in seven provinces: Hanoi, Ho Chi Minh City, Hue, Lao Cai, Can Tho, Vung Tau, and Tay Ninh. Four of these properties are owned by the company, while three are leased for operation. BIG aspires to establish a technology subsidiary in the real estate industry, envisioning a global hotel chain similar to India’s OYO or Indonesia’s RedDoorz. To achieve this, BIG has set a target of owning 30 hotels in 30 cities across Vietnam in the next two years.
– 17:42 30/08/2025
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