HCMC – The Hochiminh Stock Exchange (HOSE) has suspended the trading of Vimedimex Medi – Pharma JSC’s shares (HOSE: VMD) for failing to disclose information as required.
According to HOSE, the company’s shares were placed on the warning list on September 16 for a delay of more than 15 days in submitting its reviewed semi-annual financial statements for 2025. On the same day, HOSE requested Vimedimex to disclose corrective measures and a timeline to resolve the issue.
However, by October 2, the company had yet to make the required disclosure. Under HOSE regulations, listed companies that fail to provide explanations or remedial plans within the specified period may face a trading suspension.
In July, Vimedimex asked the State Securities Commission and HOSE for permission to postpone the release of its 2025 semi-annual financial report for three months under Circular 96/2020, citing force majeure circumstances. The delay stemmed from legal complications following the 2021 arrest of former chairwoman Nguyen Thi Loan, who was sentenced to 36 months in prison in September 2024 for violations related to a land auction case.
On September 24, Vimedimex appointed UHY Auditing and Consulting Company to conduct its semi-annual review and audit its 2025 financial statements.
Closing the trading session today, October 6, VMD plunged to its floor price of VND17,950, with 45,200 shares matched.
Vietnam’s stock market opened the week on a strong note, with the VN-Index soaring 49.68 points, or 3.02%, to close at 1,695.5 on Monday. The southern exchange saw 259 winners and 68 losers.
Market liquidity improved significantly, with 1.08 billion shares worth VND31.78 trillion changing hands, up 25.6% in volume and 29.4% in value from the previous session on October 3. Block deals accounted for over 82.2 million shares valued at VND2.73 trillion.
The VN30 basket was the main driver, with the VN30-Index gaining nearly 60 points. Except for LPB, which slipped 1.3%, all other bluechips advanced, with more than half rising over 3%. Securities firm SSI, lender VPB, and retailer VRE hit their daily upper limits with strong demand.
SSI saw 53.5 million shares traded, while VPB had 42.8 million shares matched. VRE traded 16 million shares.
All major sectors ended higher. Brokerage stocks led the rally, with most securities firms including TCI, VCI, HCM, VIX, and VND closing at their daily upper limits. Others like FTS and BSI also advanced 4–5%.
Banking and steel stocks followed closely. VCB rose 3.7% to a session high of VND64,000, while VPB hit its ceiling price of VND31,550. Other lenders gained between 3% and 6%.
In the steel sector, HPG jumped 5.6% to VND29,200, with 71.3 million shares traded, the second-highest on the market.
SHB took the lead by liquidity with 114.8 million shares traded.
On the Hanoi Stock Exchange, the HNX-Index advanced 8.94 points, or 3.36%, to 274.69, with 117 advancers and 49 decliners. Trading volume on the northern market reached 100.3 million shares valued at VND2.31 trillion.
