Capital Securities
On October 31, 2025, the Inspectorate of the State Securities Commission (SSC) issued Decision No. 375/QĐ-XPHC regarding administrative penalties for violations in the securities and stock market sector against Capital Securities Joint Stock Company (Headquarters: 8th Floor, Building 2A Dai Co Viet Street, Hai Ba Trung District, Hanoi).
Specifically, Capital Securities was fined 187.5 million VND for violating lending restrictions. Between December 26, 2023, and May 30, 2025, the company lent money to individuals through deposit contracts for the purchase of securities. However, at the time of delivery, the company canceled the contracts, and the individuals returned the deposits as per the signed agreements.
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Vinh Long Food Corporation
The SSC issued Decision No. 370/QĐ-XPHC regarding administrative penalties for violations in the securities and stock market sector against Vinh Long Food Corporation (Headquarters: 38 2nd September Street, Long Chau Ward, Vinh Long Province).
Vinh Long Food Corporation was fined 92.5 million VND for failing to disclose mandatory information as required by law. The company did not publish the following documents on the SSC’s disclosure system and the Hanoi Stock Exchange (HNX): audited and consolidated semi-annual financial reports for 2024 and 2025; audited and consolidated annual financial reports for 2023 and 2024; unaudited and consolidated Q1/2025 financial reports; annual reports for 2023 and 2024; resolutions and minutes of the Annual General Meeting of Shareholders for 2024 and 2025; Corporate Governance Reports for 2024 and the first half of 2024; and Resolution No. 08/2025/NQ-HĐQT dated June 30, 2025, regarding changes to the legal representative.
Additionally, the company failed to disclose the Corporate Governance Report for the first half of 2025 within the legally mandated timeframe.
Vinh Long Food Corporation was also fined 17.5 million VND for failing to develop and submit internal regulations on corporate governance and board of directors’ operational rules to the Annual General Meeting of Shareholders as required.
The regulatory authority issued a warning for the company’s failure to establish a disclosure policy as mandated by Article 42, Clause 1(a) of Decree No. 156/2020/NĐ-CP.
Furthermore, the company was fined 125 million VND for not maintaining the minimum required number of members in the Supervisory Board as stipulated in Article 15, Clause 6(a) of Decree No. 156/2020/NĐ-CP, amended by Article 1, Clause 13 of Decree No. 128/2021/NĐ-CP. Currently, the company has only 2 members in the Supervisory Board, falling short of the mandated minimum of 3.
General Materials and Bio-Chemical Fertilizers
The SSC Inspectorate issued Decision No. 371/QĐ-XPHC regarding administrative penalties for violations in the securities and stock market sector against General Materials and Bio-Chemical Fertilizers Joint Stock Company (Headquarters: Nhuan Duc Commune, Ho Chi Minh City).
The company was fined 92.5 million VND for failing to disclose mandatory information as required by law, including: audited financial reports for 2023 and 2024; annual reports for 2023 and 2024; Corporate Governance Reports for 2023 and 2024; semi-annual Corporate Governance Reports for the first halves of 2024 and 2025; documents and minutes of the Annual General Meeting of Shareholders for 2024 and 2025; and resolutions of the Annual General Meeting of Shareholders for 2024 and 2025.
SZC Announces Receipt of Administrative Penalty Decision for Tax Violations
On October 31st, Sonadezi Chau Duc Joint Stock Company (HOSE: SZC) announced that it has received a decision imposing an administrative fine for tax violations, totaling VND 704.8 million.
Why Was An Thinh Fined?
An Thịnh has been fined for administrative violations in the securities and stock market sector.
Steel Company Fined and Ordered to Pay Tens of Billions in Back Taxes
Once the leading steel trader in Vietnam, the company has faced a steep decline in performance since 2022. Plummeting steel prices and challenges in debt recovery from clients in the construction and real estate sectors have significantly impacted its operations.
Why Was Kido Fined VND 240 Million in Administrative Penalties?
Kido has been fined a total of 240 million VND by the State Securities Commission of Vietnam (SSC) for failing to disclose information in a timely manner and for releasing misleading information.
“Insider Trading Scandal: Chairman of Listed Company Fined and Banned for Four Months After Secretly Buying Millions of Shares”
On June 13, 2024, the individual executed a purchase of 1 million S99 shares without reporting or disclosing the anticipated transaction.
