There are currently 44 stocks suspended from trading on the Hanoi Stock Exchange mostly for failing to provide audited annual reports for three years or more, Tuoi Tre is reporting.
The failure of listed firms on all of VIetnam’s stock exchanges to release audited financial reports, or to release them well past when they are due, has become commonplace. Vietnam Airlines, for example, only provided its audited financial statements for 2022 last week and Apax English was kicked-off the Ho Chi Minh City Stock Exchange for delayed reporting, in November.
For their part the exchanges have been slow to act in many instances, however, they do seem to be more strict of late which may be connected to Vietnam’s pursuit of an upgrade to ‘emerging market’ status.