On January 28, 2026, the Inspectorate of the State Securities Commission of Vietnam (SSC) issued Decision No. 80/QĐ-XPHC, imposing administrative penalties on Tan Hung Investment Joint Stock Company (Headquarters: C16/6A Huynh Ba Chanh, Tan Nhut Commune, Ho Chi Minh City) for violations in the securities and stock market sector.
Tan Hung Investment was fined VND 92.5 million for failing to disclose information within the stipulated 15-day period, as mandated by Clause 4, Article 42 of Decree No. 156/2020/NĐ-CP dated December 31, 2020, which was amended by Clause 16, Article 1 of Decree No. 306/2025/NĐ-CP.
Specifically, the company delayed the disclosure of the following documents beyond the required timeframe: audited financial statements for 2022, 2023, and 2024; annual reports for 2022, 2023, and 2024; resolutions and meeting minutes of the Annual General Meetings for 2023, 2024, and 2025; and corporate governance reports for 2022, the first half of 2023, 2023, the first half of 2024, 2024, and the first half of 2025.
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In related news, the SSC also issued Decision No. 50/QĐ-XPHC, fining Soc Son Development Investment Joint Stock Company VND 85 million for failing to disclose mandatory information as required by law.
The penalized company neglected to disclose the following documents: audited financial statements for 2023 and 2024; semi-annual financial statements for 2024 and 2025; quarterly financial statements for Q4/2023, Q1-Q4/2024, and Q1-Q3/2025; annual reports for 2023 and 2024; corporate governance reports for 2023 and 2024; semi-annual corporate governance reports for the first half of 2024 and 2025; and meeting documents, resolutions, and minutes of the Annual General Meetings for 2024 and 2025.
Under Decision No. 49/QĐ-XPHC, Song Da Nhat Nam Group Joint Stock Company was fined VND 225 million for failing to report anticipated transactions.
The decision details that on March 31, 2023, Song Da Nhat Nam, an entity related to Ms. Vu Thi Thuy, Chairwoman of the Board of Directors of Song Da 1.01 Joint Stock Company (Stock Code: SJC), purchased 700,000 SJC shares. Subsequently, on July 28, 2023, the company sold 465,200 SJC shares without reporting the anticipated transaction.
APEC Group Fined for Breaches in Information Disclosure and Bond Distribution
Apec Group has been fined a total of 150 million VND for delays in disclosing multiple bond-related documents and exceeding deadlines in the distribution of individual bonds.
A Tân Hoàng Minh Ecosystem Company Set to Exit the Stock Market in Early 2026
This decision was made following the company’s identification of multiple severe violations regarding information disclosure obligations, coupled with the company’s own expressed desire to withdraw.
Revamped Title:
“Starting 2026: Streamlined Regulations for Derivatives Trading in Securities”
Decree No. 306/2025/NĐ-CP, effective from January 9, 2026, introduces significant amendments and supplements to the conditions and documentation required for obtaining the Certificate of Eligibility for Derivatives Trading Business.
Enhanced Penalties and Regulations for Securities Firms
Effective January 9, 2026, Decree No. 306/2025/NĐ-CP amends and supplements regulations regarding violations in the operations of securities companies.
Seven Individuals Penalized for Manipulating SJS Stock
During the period from April 10, 2023, to January 10, 2024, two individuals exploited 26 securities accounts to manipulate SJS stocks. Additionally, five individuals lent their accounts, contributing to market manipulation activities.
