Construction & Materials

SJC faces heightened regulatory scrutiny as the Ministry of Industry and Trade schedules inspections of 5 jewelry firms in Hanoi for August, targeting money laundering compliance. The move follows a police investigation into a diamond smuggling ring allegedly using SJC's certification to launder over 500 billion dong worth of diamonds.

Foreign investors net sold 443 billion VND (~17.72 million USD) across all three exchanges on July 23, with banking stocks MBB, TCB, VCB, VPB, and TPB being the most sold. The VN-Index still rose nearly 31 points to near 1,700 points.

A smuggling ring has been uncovered involving 3,400 illegally imported diamonds worth over 500 billion VND, which were funneled into SJC's retail system. The investigation has also implicated a director from PNJ's appraisal subsidiary.

RCD, a construction and real estate firm listed on UPCOM, has been fined VND 85 million by the State Securities Commission for failing to disclose its audited 2024 financial report. The company has suspended operations and is preparing for dissolution, citing no revenue and no employees.

Foreign investors net sold VND 1.92 trillion on July 22, the strongest net selling this month, with SSI, VIC, and VCB leading the sell-off. VNM was a bright spot with net buying of VND 167 billion, highlighting its defensive appeal amid broad market weakness.

Proprietary trading desks at securities companies net bought 460 billion VND on HOSE on July 22, when VN-Index fell 62 points. Techcombank (TCB) was the most bought stock at 235 billion VND, while foreign investors net sold 1,921 billion VND across the market.

RCD, listed on UPCOM, was fined 85 million VND by the State Securities Commission for failing to disclose its 2024 audited financial statements. The penalty, part of a broader crackdown on disclosure delays, underscores heightened regulatory scrutiny that may pressure compliance costs and investor confidence in smaller listed firms.

Foreign investors net sold nearly VND 1,921 billion (USD 76.8 million) on July 22, contributing to a 62-point drop in the VN-Index below 1,700. SSI, VIC, and VCB were the most sold, while VNM, HPG, and GEE were net bought.

CII's Q2 2026 net profit collapsed 90.6% to 16.9B VND, driven by provisioning for subsidiaries and a 70% drop in core revenue. The infrastructure firm's financial health remains under pressure as it expands investment portfolio while facing rising costs.