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Ho Chi Minh City Stock Exchange (HOSE) announced that several stocks—VNE, VMD, SBV and DTA—will be placed on the alert list from 24 April 2026.
VNE will be on the alert list from 24 April after the issuer delayed submission of its 2025 audited consolidated financial statements by more than the allowed 15 days after the deadline. HOSE cited this as a case under Point g, Clause 1, Article 40 of the Listing and Trading Regulations, issued with Decision No. 22/QĐ-HĐTV dated 16 March 2026.
HOSE previously also announced that VNE had not published the consolidated financial statements in Vietnamese and English by the deadline.
VMD will be on the alert list from 24 April due to the audit firm issuing an adverse opinion on the 2025 audited consolidated financial statements. HOSE also cited that the issuer violated information disclosure rules four times or more within a year.
HOSE further maintained a trading restriction on VMD under Decision 937/QĐ-SGDHCM dated 16 October 2025, citing continued violations of information disclosure requirements.
Previously, VMD sent letters to the State Securities Commission, the Vietnam Securities Exchange and HOSE regarding delays in submitting the 2025 audited financial statements. VMD stated it signed an audit contract with UHY, but on 30 March 2026 the lead auditor was suddenly unavailable, preventing completion of the audit file. The company requested an extension to file and publish the 2025 audited financial statements by 10 April 2026.
SBV will be placed under control from 24 April 2026 because the after-tax profit on the audited consolidated financial statements for the two most recent years (2024 and 2025) was negative, triggering control under the applicable rules.
HOSE noted that the 2025 consolidated financial statements recorded a post-tax loss of 2.77 billion VND, improving sharply from a loss of over 35.37 billion VND in 2024. The company attributed the 2025 loss to improved business performance.
DTA will be placed on alert from 24 April due to the auditor’s adverse opinion on the audited 2025 financial statements. The auditor stated that Investco—DTA’s investee—remained under independent audit. As a result, at the time of closing the numbers, the auditor could not access final third-party confirmation to reconcile the net asset value of the investment.
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