Bitexco Energy
The State Securities Commission of Vietnam (SSC) issued Decision No. 329/QĐ – XPHC regarding administrative penalties for violations in the securities and stock market sector against Bitexco Energy Joint Stock Company (Room 303, 3rd Floor, The Manor, Tu Liem District, Hanoi).
Specifically, Bitexco Energy was fined VND 92.5 million for failing to submit disclosure information to the Hanoi Stock Exchange (HNX) for the following documents: 2020 Annual Financial Report, 2021 Semi-annual Financial Report, 2020 and 2021 Semi-annual Bond Interest and Principal Payment Status, and 2020 and 2021 Semi-annual Report on the Use of Proceeds from Bond Issuance.
The company also submitted disclosure information to HNX past the deadline for the following documents: Disclosure of Early Bond Repurchase for bond code BITEXCOL1620001, 2021 Annual Financial Report, 2021 Bond Interest and Principal Payment Status, and 2021 Report on the Use of Proceeds from Bond Issuance.
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An Phu Urban Development Investment
According to SSC Decision No. 328/QĐ – XPHC, An Phu Urban Development Investment Joint Stock Company (28 Phan Boi Chau, Ban Thach Ward, Da Nang City) was fined VND 92.5 million for administrative violations in the securities and stock market sector.
The reason was that An Phu Urban Development Investment failed to submit disclosure information to HNX for the following documents: 2021 and First Half of 2022 Bond Interest and Principal Payment Status. The company also submitted disclosure information to HNX past the deadline for the following documents: 2021 Report on the Use of Proceeds from Bond Issuance, 2021 Annual Financial Report, Disclosure of Bond Offering Results for APBCH2125001, APBCH2225001, and APBCH2225002, 2022 Semi-annual Report on the Use of Proceeds from Bond Issuance, and 2022 Semi-annual Financial Report.
Mr. Nguyen Van Thien
An individual investor was also penalized by the SSC in this round for violations in the securities and stock market sector.
Specifically, the SSC issued Decision No. 332/QĐ – XPHC imposing an administrative fine of nearly VND 206 million on Mr. Nguyen Van Thien (Tay Ho, Hanoi).
The reason was that Mr. Thien failed to report his planned transaction. On July 4, 2025, Mr. Nguyen Van Thien, a Board Member of Vietnam Enterprise Investment and Development Joint Stock Company (Stock Code: FID), sold 1,176,300 FID shares without reporting or disclosing the planned transaction.
Additionally, Mr. Nguyen Van Thien was suspended from securities trading for four months, as stipulated in Point b, Clause 7, Article 33 of Decree No. 156/2020/NĐ – CP, amended and supplemented by Clause 27, Article 1 of Decree No. 128/2021/NĐ – CP.
SCSC Warns of Fraudulent Activities Linked to STICCAPITAL
On October 6th, Vietnam’s State Securities Commission (SSC) issued a public notice regarding a report received from the Vietnam representative office of STIC Investments, Inc. This report highlights potential fraudulent activities and forgery.
