Nguyen Nghia Dung, an associate of Nguyen Thi Ngoc Loan—Chairwoman of the Board of Directors at SMC Trading Joint Stock Company (stock code: SMC)—has been fined 100 million VND.
The penalty stems from Mr. Dung’s sale of 780,000 SMC shares in March 2024 (valued at 7.8 billion VND) without reporting the planned transaction as required by regulations.
The State Securities Commission also imposed an 85 million VND fine on Vinahud Investment and Urban Development Joint Stock Company. The company failed to disclose an explanation for its post-tax profit loss in Q2/2023, a reversal from the previous year’s profit.
Additionally, the company missed deadlines for publishing critical documents, including the 2023-2024 audited financial report, the 2023-2024 annual report, and several board resolutions related to capital transfers at Me Linh Thinh Vuong LLC and a business cooperation agreement with VNI Invest JSC.
The State Securities Commission penalizes several cases for violations in the stock market.
Duc Thanh Wood Processing Joint Stock Company faced a 202.5 million VND fine for multiple securities violations.
The company was fined 65 million VND for delayed disclosures of documents such as the Q4/2023 consolidated financial report, a letter regarding corporate restructuring, and a board resolution on ESOP share issuance.
Additionally, Duc Thanh Wood Processing was fined 137.5 million VND for violating insider trading rules by providing loans to a shareholder who was also an insider during 2023–2024.
Irrigation Construction Joint Stock Company 42 incurred a 92.5 million VND fine for failing to disclose required documents, including audited financial reports for 2022-2024, annual general meeting minutes for 2023-2025, annual reports for 2022-2024, and corporate governance reports for 2022-2025.
Thang Long Urban Development and Investment Joint Stock Company (based in Hanoi) was fined 150 million VND for inaccurate profit disclosures. The company reported conflicting after-tax profit figures for 2024 in its Q4 financial report and audited financial statements. In addition to the fine, the company must rectify and retract the misleading information.
Business Fined for Breaching Disclosure Regulations
Hydraulic Construction 42 has been fined by the State Securities Commission of Vietnam for administrative violations in the securities and stock market sector.
Duc Thanh Wood Fined Over VND 200 Million for Securities Violations
Due to delayed disclosures and violations of regulations regarding transactions with shareholders and insiders, Gỗ Đức Thành has been fined 202.5 million VND by the State Securities Commission of Vietnam (SSC).
SMC Chairman’s Relative Fined for Unauthorized Share Sale
Mr. Nguyen Nghia Dung, brother of Mrs. Nguyen Thi Ngoc Loan—Chairperson of SMC’s Board of Directors—has been fined 100 million VND by the State Securities Commission (SSC). The penalty stems from his sale of 780,000 SMC shares without prior transaction disclosure as required.
Securities Regulator Fines Two Companies for Disclosure Violations
HUD1 and Nam Land have been slapped with administrative penalties by the State Securities Commission of Vietnam (SSC) for violating disclosure regulations.
“REE Subsidiary Registers to Sell 2 Million Saigonres Shares”
“REE Real Estate Joint Stock Company has recently registered to offload 2 million SGR shares of Saigonres, with the primary objective of restructuring its investment portfolio. “
