Recently, the State Securities Commission (SSC) announced the revocation of the public company status of Vinaconex Infrastructure Investment and Development Joint Stock Company (Vinaconex 34).
The company is headquartered at 647 Pham Van Dong Road, Nghia Do Ward, Hanoi. Currently, Mr. Nguyen Van Tai (born in 1969) serves as both the Director and the Legal Representative of the company.
Previously, in October 2025, the SSC issued Decision No. 339/QD-XPHC regarding administrative penalties for violations in the securities and stock market against Vinaconex 34.
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Accordingly, Vinaconex 34 was fined 92.5 million VND under Article 42, Clause 4, Point a of Decree No. 156/2020/NĐ-CP dated December 31, 2020, issued by the Government, which regulates administrative penalties for violations in the securities and stock market. The fine was imposed due to the company’s failure to disclose information required by law.
Specifically, the company did not disclose the following documents: Audited Financial Reports for 2022, 2023, and 2024; Annual Reports for 2022, 2023, and 2024; Corporate Governance Reports for 2022, 2023, and 2024; Mid-year Corporate Governance Reports for 2023, 2024, and 2025.
Additionally, the company failed to disclose documents related to the Annual General Meetings of Shareholders for 2023, 2024, and 2025, including meeting materials, meeting minutes, and resolutions.
Vinaconex Infrastructure Investment and Development Joint Stock Company (Vinaconex 34) was established on June 2, 2025.
As of December 31, 2012, the company had a chartered capital of 40 billion VND. Vinaconex E&C contributed 19.8 billion VND, holding a 49.5% stake in the company.
Vinaconex E&C has since been renamed VNCN E&C Investment Construction and Technology Joint Stock Company, established in 2007.
According to its website, VNCN E&C originated from the Tender Consulting and Project Management Department under Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex, Stock Code: VCG, HoSE). Its primary function was to provide consulting and advisory services to Vinaconex’s leadership regarding investment and construction projects.
However, by the end of 2012, Vinaconex had fully divested from VNCN E&C, thereby also withdrawing its entire capital contribution from Vinaconex 34.
According to Vinaconex’s announcement on July 12, 2025, since the divestment, Vinaconex 34 is no longer a subsidiary or affiliate of Vinaconex, and there are no capital, personnel, or management relationships between the two companies.
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