Hoa Binh Securities placed under special control by State Securities Commission

The State Securities Commission (UBCKNN) issued a decision on October 23, 2025, placing Hoa Binh Securities Joint Stock Company under special control. This action follows the company's non-compliance with financial safety indicators. The special control period will not exceed four months, commencing from the date the company is placed under this status.

Under special control, Hoa Binh Securities is required to provide detailed financial reports, disclose the causes of its situation, and outline remedial plans to the UBCKNN. The company is also prohibited from entering new margin lending contracts or renewing existing ones, and must cease all margin lending activities.

Additionally, Hoa Binh Securities must adhere to information disclosure regulations. The UBCKNN's decision underscores its commitment to maintaining financial stability and transparency within the securities market.