The Ho Chi Minh City Stock Exchange (HOSE) has announced the suspension of trading for VMD shares, issued by Vimedimex Pharmaceutical Joint Stock Company. HOSE cited the reason as Vimedimex’s failure to disclose measures and a roadmap to address the warned securities status by the deadline of October 2, 2025, exceeding the 15-day limit stipulated by regulations.
Previously, VMD shares were placed under warning status starting September 23, 2025. This was due to the company’s delayed submission of its 2025 semi-annual audited financial report, which exceeded the 15-day deadline. This delay falls under the warning criteria as per Article 36, Clause 1, Point g of the Listing and Trading Rules for Listed Securities, issued under Decision No. 22/QĐ-HĐTV dated April 18, 2025, by the Board of Members of the Vietnam Stock Exchange.
Additionally, HOSE has placed VMD under special control starting October 8, 2025, for failing to submit its semi-annual audited financial report within 30 days of the deadline.
In the market, VMD shares plummeted to the floor price on October 3, dropping to 19,300 VND per share. This followed a three-day consecutive surge, with a 22% increase in just a few sessions. Negative news promptly triggered a sell-off in VMD shares.
The company’s operations have faced challenges following leadership turmoil. In late July, Vimedimex requested a three-month extension from regulators to postpone the release of its 2025 semi-annual report due to force majeure circumstances.
In related news, the Vimedimex ecosystem recently ventured into the establishment of a legal entity or organization related to digital assets in Vietnam. Specifically, Vimexchange Cryptocurrency and Digital Asset Trading Joint Stock Company was founded in June 2025 with a charter capital of 10,000 billion VND. This marks the first digital asset company in Vietnam to achieve such a capital level. Vimedimex Pharmaceutical Group contributed 5,000 billion VND, holding a 50% stake, while Hoa Binh Securities—a company within the Vimedimex ecosystem—contributed 200 billion VND for a 2% stake in Vimexchange.
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