Specifically, Ho Chi Minh City Securities Corporation (HSC) was fined a total of VND 125 million for failing to report on time and disclosing information inaccurately, in violation of legal regulations.
HSC incurred a VND 65 million fine for not submitting required documents to the Securities Commission within the stipulated timeframe. These documents included the financial safety ratio report as of the end of Q3 2024, and employment contract notifications for licensed securities professionals Mr. Ho Sy Hiep, Ms. Huynh Thi Yen Nga, and Mr. Tran Van Tuan Kiet.
Additionally, HSC was fined VND 60 million for delayed disclosure of the Board of Directors’ resolution dated August 9, 2024, regarding credit limits at ACB. This transaction exceeded 10% of the company’s total assets as reported in the audited 2023 financial statements.
The penalty decision highlighted HSC’s repeated violations of timely reporting requirements, resulting in aggravated circumstances.
Established in 2003 and headquartered in Ho Chi Minh City, HSC recorded a 46% year-on-year revenue increase to VND 1,665 billion in Q3. Pre-tax profit doubled to VND 550 billion during the same period. As of Q3, HSC’s margin lending reached VND 20,215 billion, nearing the maximum limit of twice its equity, placing it among the top 5 companies in margin lending volume.
The State Securities Commission has issued penalty decisions against HSC and ACBS.
The State Securities Commission also fined ACB Securities Company (ACBS) a total of VND 340 million for administrative violations.
ACBS was fined VND 275 million for incomplete information in the offering documents for two private bond issuances by Vietnam International Commercial Joint Stock Bank (VIB) on July 23, 2024, and August 21, 2024. The offering documents failed to specify the disbursement schedule for the raised capital, as required by Circular 122/2020/TT-BTC.
An additional VND 65 million fine was imposed for late submission of the 2024 money laundering risk assessment report, the 2025 semi-annual risk management report, and the 2024 list of licensed securities professionals.
Founded in 2000, ACBS is part of Asia Commercial Bank’s (ACB) ecosystem. The company has consistently increased its charter capital, reaching VND 11,000 billion in April 2025, a 175% increase since 2023. ACBS remains one of the few securities companies within a banking ecosystem that has not yet conducted an IPO.
Tân Đại Hưng Plastic Aims to Slash Authorized Capital by Over 25% Through Share Buyback
At the Extraordinary General Meeting of Shareholders on December 1, 2025, Tan Dai Hung Plastic Joint Stock Company (HOSE: TPC) will propose a share buyback plan to repurchase 5.7 million shares, representing 25.31% of the total outstanding shares.
Vinasun Board Member Seeks to Offload 1 Million VNS Shares
Taurus Consulting, a company associated with a Vinasun Board of Directors member, has registered to sell 1 million VNS shares to restructure its investment portfolio.
Top Global Funds with Trillions in Assets Eye Vietnamese Stock Market Post-Upgrade
Following the announcement of Vietnam’s market upgrade, there has been a significant surge in interest from both passive and active fund investors who previously had not focused on the country. Many are now actively seeking to explore opportunities within the Vietnamese market.
ACBS Reports Over 736 Billion VND in Net Profit for 9 Months, with Q3 Contributing Half
Amidst the favorable market conditions of Q3, ACB Securities Company (ACBS) reported a remarkable net profit of over 402 billion VND, marking an 86% surge compared to the same period last year. This outstanding performance propelled the company’s nine-month net profit to exceed 736 billion VND, reflecting a 35% year-on-year growth.
Announcing the Ministry of Finance’s Ministerial Decision on the Appointment of the Deputy Chairman of the State Securities Commission
Deputy Minister of Finance Nguyễn Đức Chi expressed his delight in being authorized by the Minister to present the appointment decisions to comrades Lê Thị Việt Nga and Nguyễn Hoàng Dương, who will assume the positions of Deputy Chairpersons of the State Securities Commission (SSC).
