Ho Chi Minh City Securities Corporation fined for using unlicensed staff
The State Securities Commission has fined Ho Chi Minh City Securities Corporation (HSC) for violations in employing staff without securities practice certificates.
The commission said violations were committed between January 2022 to October 2022, when the company arranged employees without due certificates to receive securities trading orders from customers.
A Ho Chi Minh City Securities branch in Ho Chi Minh City, southern Vietnam. Photo courtesy of the company.
The company was fined VND60 million ($2,500) under the Point a, Clause 2, Article 32 of Decree 156.
Listed on the Ho Chi Minh Stock Exchange, HSC is a leading securities broker and investment bank in Vietnam.
In the first six months of the year, the company reported revenues of VND1.22 trillion ($50.7 million) and after-tax profits of VND281 billion ($11.7 million), down 46% and 50% year-on-year, respectively.
As of June 30, 2023, HSC's total assets stood at VND14.3 trillion ($595.7 million), with equity reaching VND7.92 trillion ($329.9 million). It had an earnings per share (EPS) of VND615 ($0.02).
- Related News
- Read More
ASEAN poised for greater role in global economy
ASEAN could emerge as the world's fourth-largest economy in the coming decades but the regional bloc must accelerate integration, strengthen institutions, and adapt to global shifts to realize this potential, experts have said.
Southeast Asia - Mon, June 16, 2025 | 11:34 pm GMT+7
Indonesia prioritizes private investment in infrastructure projects
Indonesian President Prabowo Subianto has emphasised that Indonesia will facilitate greater participation of both domestic and international private companies in infrastructure development, aiming to ensure equitable growth opportunities and advance the country’s “Golden Indonesia 2045” vision.
Southeast Asia - Mon, June 16, 2025 | 11:30 pm GMT+7
Honda Vietnam reports strong growth in motorcycle and car sales
Honda Vietnam (HVN) recorded significant sales growth in both motorcycle and automobile segments in May 2025, with year-on-year increases of 8.2% and 25.9%, respectively.
Companies - Mon, June 16, 2025 | 11:24 pm GMT+7
Vietnam’s rice export prices fall nearly 19% despite growing volume
Vietnam’s rice industry is facing a steep drop in export prices, even as shipment volumes climb, underscoring the challenges of a volatile global grain market.
Companies - Mon, June 16, 2025 | 11:20 pm GMT+7
Vietnam Airlines invests $69 mln in 2 projects at Long Thanh airport
National flag carrier Vietnam Airlines on Sunday kicked off construction on an in-flight catering facility and an aircraft maintenance complex at the under-construction Long Thanh International Airport in southern Vietnam, with a total investment of nearly VND1.8 trillion ($69 million).
Infrastructure - Mon, June 16, 2025 | 9:41 pm GMT+7
Prime Minister okays 1,881-hectare free trade zone in central Vietnam
Prime Minister Pham Minh Chinh has approved the establishment of Danang Free Trade Zone (FTZ), which will cover approximately 1,881 hectares across seven non-contiguous locations.
Economy - Mon, June 16, 2025 | 9:25 pm GMT+7
Vietnam parliament passes historic revised law on local government organisation, establishing two-tier model
The National Assembly, Vietnam's legislature, on Monday endorsed the revised Law on Local Government Organization, with 100% of the 466 members present voting in favor.
Politics - Mon, June 16, 2025 | 5:01 pm GMT+7
Vietnamese fruit and vegetable export to EU grows 33% in 4 months
Vietnamese fruits and vegetables such as mangoes, pistachios, pineapples, and coconuts are gaining popularity in the European market, with export revenues rising sharply in Jan-April by as much as 41% to 200% year-on-year.
Economy - Mon, June 16, 2025 | 4:19 pm GMT+7
Vietnam's oil shipping major PVTrans to pay record high dividend
PetroVietnam Transportation Corporation (PVTrans), a subsidiary of state-owned Petrovietnam, will issue nearly 113.9 million shares to pay 2024 dividends, raising its charter capital to VND4,699 billion (over $180 million).
Companies - Mon, June 16, 2025 | 3:51 pm GMT+7
How retail giant Aeon Mall rapidly expands presence in Vietnam
Japanese retailer Aeon Mall has employed a consistent strategy to expand its footprint across Vietnam: partnering with domestic companies that possess land funds earmarked for commercial real estate development.
Real Estate - Mon, June 16, 2025 | 12:10 pm GMT+7
Two Vietnamese stocks face bourse delisting for information disclosure violations
Nam Song Hau Trading and Investing Petroleum JSC (PSH) and Koji Asset Investment JSC (KPF) are facing mandatory delisting from the Ho Chi Minh Stock Exchange (HoSE) due to serious breaches of information disclosure regulations.
Finance - Mon, June 16, 2025 | 9:20 am GMT+7
MBBank offers free app for business households' sales management, electronic invoice issuance
MBBank (MB) is offering its mSeller application for free – a solution to support sales management and issuance of electronic invoices exclusively for business households, small traders, and micro-sized enterprises.
Companies - Mon, June 16, 2025 | 9:05 am GMT+7
How to invest in a volatile Vietnamese stock market
After a strong recovery from the market bottom of 2025 on April 9, the VN-Index has entered a correction phase, with six out of eight sessions showing declines between June 4 and Friday, June 13.
Finance - Mon, June 16, 2025 | 8:00 am GMT+7
Third round of Vietnam-US reciprocal trade pact talks sees 'significant progress'
The third technical round of negotiations for a reciprocal trade agreement between Vietnam and the U.S. has concluded in Washington, D.C., with "significant progress made and gaps narrowed in all areas of negotiation," according to Vietnam’s Ministry of Industry and Trade.
Economy - Sun, June 15, 2025 | 9:57 pm GMT+7
HCMC seeks to expand infrastructure cooperation with Guangdong-Hong Kong-Macao Greater Bay Area
Ho Chi Minh City is aiming to expand cooperation with the Guangdong-Hong Kong-Macao Greater Bay Area (China) in infrastructure, one of the city’s key sectors following its merger with Binh Duong and Ba Ria-Vung Tau provinces.
Economy - Sun, June 15, 2025 | 8:00 pm GMT+7
Digital assets legalized in Vietnam
Vietnam has officially legalized digital assets with the approval of the Law on Digital Technology Industry by the National Assembly, the country's legislature, on Saturday.
Finance - Sun, June 15, 2025 | 3:07 pm GMT+7
