Oct 05, 2026
Full Analysis
Negative
regulation change
HoSE has excluded 65 tickers from margin trading for Q4/2026, among them Vietnam Airlines (HVN), Duc Giang Chemicals (DGC), APG, Bảo Minh (BMI), Bản Việt Bank (BVB), Đức Long Gia Lai (DLG), DRH Holdings, Điện Quang (DQC) and GIL. The list is driven by losses, qualified audit opinions, warning or control status, and listings younger than six months, not by a single sector-wide event.
Oct 05, 2026
Full Analysis
Negative
regulation change
HOSE trimmed its Q4/2026 margin-ineligible list to 65 tickers from 73, but the roster still spans 25 warning-status names, eight with negative first-half 2026 parent profit including MHC and STK, and audit-qualified filings at AAT, KLB, GIL and VTB. For affected HOSE-listed shares, the practical effect is that brokerages must stop extending margin on them from the start of the quarter.
Sep 26, 2026
Full Analysis
Positive
regulation change
HOSE removed Điện Quang (DQC) from warning and control status effective September 25, 2026, after reviewed H1 2026 statements showed retained earnings of VND 129.7B and parent net profit of VND 13.9B. The stock nonetheless remains under control because the auditor issued a qualified opinion on the consolidated financial statements for a second consecutive year.
Sep 20, 2026
Full Analysis
Negative
earnings miss
Dien Quang (DQC) restated audited 2025 consolidated net profit to nearly VND 4.9bn, 58% below the pre-audit figure, after VND 6.7bn of adjustments. The State Securities Commission fined the HOSE-listed lighting group VND 150m for disclosing inaccurate profit information, with the largest adjustment tied to a VND 21.25bn Xelex investment provision.
Sep 13, 2026
Full Analysis
Negative
regulation change
HOSE added Pha Le Plastics (PLP) to its margin-trading ineligibility list after the company failed to publish reviewed H1 2026 financial statements, lifting the total to 73 tickers. The list spans newly listed names such as AAN, BVB and DMX, plus stocks with qualified audit opinions and those under control or warning status.
Sep 13, 2026
Full Analysis
Negative
regulation change
HOSE added PLP to its list of stocks ineligible for margin trading after the company failed to publish reviewed H1 2026 financial statements, bringing the total to 73 tickers. The list now spans 28 warning-status names, 4 control-status names and 9 newly listed stocks, restricting leverage demand across securities, banking and real estate.
Sep 10, 2026
Full Analysis
Negative
legal action
Vietnam's State Securities Commission fined Hoa Binh Construction (HBC) VND 92.5 million for failing to publish audited 2022 bond-use reports and late filings from 2023-2025, and Dien Quang (DQC) VND 150 million for misstating 2025 after-tax profit between its Q4 and audited financials. Both penalties are administrative and small relative to market cap.
Sep 10, 2026
Full Analysis
Negative
regulation change
The State Securities Commission fined DQC, C32, ST8 and NRC a combined VND 550 million for misstating 2025 profits, with ST8's self-reported VND 90.3B profit becoming an audited VND 8B loss. DND was separately fined VND 175 million over related-party transaction disclosure errors, signaling tighter enforcement of unaudited filings.
Sep 09, 2026
Full Analysis
Negative
legal action
DQC was fined VND 150 million by the State Securities Commission for disclosing 2025 after-tax profit of VND 11.53 billion versus the audited VND 4.87 billion, and ordered to correct the information. The fine follows a period of asset quality stress, including a 100% provision on an investment in Xelex and VND 89.56 billion in bad debts written off in H1 2026.
Aug 07, 2026
Full Analysis
Negative
regulation change
HOSE has expanded its margin-ineligible list to 57 securities, including Vietnam Airlines (HVN), Duc Giang Chemicals (DGC), and newly listed DMX. Investors cannot use leverage to buy these shares, potentially reducing liquidity and adding selling pressure in the short term.
Aug 06, 2026
Full Analysis
Negative
regulation change
HOSE removed margin trading eligibility for 56 stocks as of August 5, 2026, including APG, DGC, HVN, and LDG. Most are under warning, control, restriction, or suspension; others have been listed less than six months or reported losses.
Aug 04, 2026
Full Analysis
Negative
regulation change
HOSE removed 57 stocks from margin trading eligibility for August, including APG, APH, BCG, DGC, HVN, LDG, OGC, NVT, PTL, TDH, TLH, and TMT, while TIX was reinstated after resolving its audit qualification. Investors cannot use leverage to buy these tickers, which may reduce liquidity and pressure prices in the short term.
May 26, 2026
Full Analysis
Negative
regulation change
ITD was added to HOSE's margin-cut list after receiving a tax penalty for fiscal years 2022-2025, totaling VND 630.6 million. The list now includes 68 stocks, many under warning, control, or with negative profits, restricting leverage for investors.
May 25, 2026
Full Analysis
Negative
regulation change
HOSE has removed margin eligibility for 67 stocks effective May 2026, citing warning/control status, negative earnings, or listing under six months. The list includes AAN (listed May 22), ABS, HVN, and DLG, restricting leverage for retail investors and potentially reducing trading liquidity in these names.
Full Analysis
Negative
earnings miss
Dien Quang (DQC) closed 2025 with audited net profit of VND 4.87B, 57% below the VND 11.53B it first reported, after auditors disallowed a VND 21.25B provision and added VND 4.25B of tax plus VND 1.18B of costs. The State Securities Commission fined the company VND 150M for the misstatement, though H1 2026 revenue rose 58% year on year.