On October 2, 2025, the Ho Chi Minh City Stock Exchange (HOSE) released a list of 63 securities ineligible for margin trading in Q4 2025, marking a 3-security increase from the Q3 list.
Most securities were flagged due to being under warning (25) or special control (15). Others were excluded for net/accumulated losses in the 2025 semi-annual audited financial statements (13), less than 6 months of listing (5), trading restrictions (3), non-clean audit opinions in the 2025 semi-annual reports (2), tax law violations (1), or insufficient 6-month period since the last margin ineligibility (1). Additionally, the public fund FUEKIV30 was barred from margin trading for having a NAV/share below par value for at least one month in the past three consecutive months.
Notably, three securities—aviation giant HVN and the duo BCG, TCD—faced dual restrictions for both warning and control status.
* Red-highlighted securities face dual penalties – Source: HOSE, compiled by the author
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– 14:16 05/10/2025
Over 15 Million Shares Suddenly Halted from Trading, Prices Plummet to Floor After Three Consecutive Limit-Up Sessions
Negative news instantly triggered a sell-off in this stock, driving its price to the daily limit down after three consecutive sessions of hitting the upper limit.
Vimedimex Pharmaceuticals’ VMD Stock Trading Halted
As announced by HoSE, Vimedimex Pharmaceutical JSC’s VMD shares have been suspended from trading.
Vietnam’s First Frozen Vegetable Exporter Eyes HOSE Listing as Share Price Hits All-Time High
Previously, the company announced that it would select MB Securities Joint Stock Company (MBS) as the advisor for its listing on the Ho Chi Minh City Stock Exchange (HOSE).
Breaking: HoSE Suspends Margin Trading for 63 Stocks in Q4, Including HVN, NVL, BCG, and Other Top Performers
As per regulations, investors are prohibited from using credit limits (financial leverage – margin) provided by securities companies to purchase 63 specific stocks.
Nearly 4% of Companies “Locked Out,” Shareholders Rush to Sell, Businesses Take New Measures
The volume of sell orders at the floor price reached a staggering 32 million shares, representing approximately 3.6% of the total outstanding shares.
