For Mr. Nguyen Van Hau: A fine of 70,000,000 VND (Seventy million VND) as prescribed in Clause 3 Article 5, Point dd Clause 2 and Clause 5 Article 33 of Decree No. 156/2020/ND-CP dated 31/03 12/2020 of the Government on sanctioning of administrative violations in the field of securities and securities market. Because there has been an administrative violation: Not disclosing information about the expected transaction (January 25, 2021, Mr. Nguyen Van Hau is a person related to Mr. Nguyen Van Hung – Member of the Board of Directors of Hanoi Southern Urban and Housing Development Investment Corporation (stock code: NHA) sold 205,000 NHA shares (equivalent to VND 2,050,000,000 par value of NHA shares) but did not disclose information about the expected deal). For Mr. Dao Minh Tuan: A fine of VND 25,000,000 (Twenty-five million VND) as prescribed in Clause 3, Article 5, Point a, Clause 4, Article 33 of Decree No. 156/2020/ND-CP dated December 31st/ 2020 of the Government stipulating the sanctioning of administrative violations in the field of securities and the securities market. Because there was an administrative violation: Disclosure of information on time when owning 5% or more of the voting shares of a public company (December 15, 2020, Mr. Tuan bought 829,946 shares of Saigon General Services Joint Stock Company (stock code: SVC) and became a major shareholder of Saigon General Services Joint Stock Company. Ho Chi Minh City Stock Exchange has just received the report of becoming a major shareholder of Mr. Dao Minh Tuan.

Financial information is one of the indispensable factors in investment and business decisions. In particular, on the stock market, information is a sensitive factor that directly affects investment decisions.

Accordingly, the cooperation between SSC and VACPA is practical to improve the quality of financial information on the stock market, and the effectiveness of securities market management and supervision by regulators, to promote the profession. Accounting and auditing industry in Vietnam develops.

SSC and VACPA will cooperate in 4 contents including information exchange, quality control, training activities, seminars and suggestions to develop legal documents / professional documents compiled by the two sides.

In particular, with quality control activities, the Committee provides information on quality control results and errors in audit records with VACPA for the two sides to jointly organize dialogues / exchanges. /training.

When requested by the Committee, VACPA assigns staff to inspect and evaluate audited financial statements as well as audit records of auditors in the regular oversight activities of the Committee.

Mr. Tran Van Dung, Chairman of the State Securities Commission, said that, besides stocks, will cooperate with VACPA in both derivative market, new products and corporate bonds in the near future. . The cooperation will help ensure the quality of commodity control work in the financial markets.

Sharing the same point of view, Mr. Pham Sy Danh, Chairman of VACPA shared, with the sustainable development of the stock market, the role of information transparency, as well as the activities of auditors and independent auditors. is very important.

“Three important factors that investors need when entering the market are the public company’s transparency, the Securities Commission’s control and the transparency of the independent auditor,” said Danh.