According to the State Securities Commission (SSC), on November 20, 2025, the SSC Inspectorate issued Decision No. 431/QĐ-XPHC regarding administrative penalties in the securities and stock market sector against Capital Securities Corporation (CASC; headquartered at 8th Floor, Building 2A Dai Co Viet Street, Hai Ba Trung District, Hanoi).
Consequently, Capital Securities was fined 175 million VND under Clause 3a, Article 43 of Decree No. 156/2020/NĐ-CP dated December 31, 2020, which governs administrative penalties in the securities and stock market sector (Decree No. 156/2020/NĐ-CP), as amended by Clause 34, Article 1, Point b of Decree No. 128/2021/NĐ-CP, due to inaccurate reporting.
Specifically, the company inaccurately reported the available capital ratio in its audited financial safety ratio reports as of December 31, 2023, and December 31, 2024, as well as in its interim financial safety ratio report as of June 30, 2024, and at various points between December 31, 2023, and July 31, 2025.
Additionally, Capital Securities is required to submit accurate reports to rectify the misleading information, as mandated by Clause 4, Article 43 of Decree No. 156/2020/NĐ-CP, as amended by Clause 34, Article 1, Point c of Decree No. 128/2021/NĐ-CP.
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Recently, during the 2025 Extraordinary Shareholders’ Meeting (Session 1) held on November 7, 2025, Capital Securities approved the name change to Capital Securities Joint Stock Company.
The meeting also unanimously removed three Board of Directors members: Ms. Dang Thi Lan Phuong (Chairwoman), Mr. Phi Van Thinh, and Ms. Tran Thanh Huong, as well as three Board of Supervisors members: Mr. Pham Anh Tuan (Head), Mr. Le Trong Quyen, and Mr. Nguyen Van Bao.
Conversely, the meeting elected Mr. Nguyen Thanh Son, Mr. Nguyen Hai Minh, and Mr. Nguyen Thanh Tung to the Board of Directors for the 2024–2029 term, and Mr. Nguyen Van Khoi, Mr. Nguyen Bao Khanh, and Ms. Nguyen Thi Phuong Thanh to the Board of Supervisors.
Following the meeting, Mr. Nguyen Hai Minh was appointed Chairman of the Board of Directors, and Mr. Nguyen Van Khoi was appointed Head of the Board of Supervisors.
In another development, CASC recently announced Board of Directors Resolution No. 34/2025/NQ-HĐQT dated November 19, 2025, approving the plan to convene the 2025 Second Extraordinary Shareholders’ Meeting. The final registration date for existing shareholders to attend this meeting is December 9, 2025.
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