Accordingly, the Ho Chi Minh City Stock Exchange (HOSE) added ITD of ITD Technology JSC to the list of non-margin trading due to the Company receiving a conclusion from the tax authority about tax law violations.
According to the published document, the total amount of ITD Technology being retroactively collected, fined for violations and late payments amounted to more than 630.59 million VND for the 2022-2025 finalization period. The business side explained that the reason stemmed from differences in the assessment of reasonable expenses deducted when calculating corporate income tax between the tax authority and the Company.
Representatives of ITD Technology also stated that this is a common problem in the process of periodic tax finalization. The enterprise assessed that the value of tax arrears calculated per year is quite small, and does not affect production and business activities or the overall financial structure at all. The company also confirmed that it had paid the full amount of fines and tax arrears to the State budget on May 22.
Another case is AAN code of A An Food Joint Stock Company which does not meet the margin trading conditions due to the listing time being less than 6 months. Previously, 65 million AAN shares were officially listed and traded on the HOSE on May 22, the reference price on the first day was 15,000 VND/share.
The margin cut list of HOSE announced this time also includes VAF code of Van Dien Fused Phosphate Fertilizer Joint Stock Company no longer on the list due to delisting.
Thus, as of May 25, 2026, the total number of securities not meeting margin trading conditions on the HOSE exchange that have been updated is 68 codes.
Besides the reason of violating tax laws like ITD, the market also recorded a large number of shares being margin cut due to having a listing period of less than 6 months as in the case of the above-mentioned AAN code.
Another common reason why a series of businesses are refused margin is that the after-tax profit of the parent company's shareholders or the after-tax profit in the financial statements is negative, typically DAH, HAP, SBV, SPM, ST8, TNH, and VPH.
At the same time, businesses that are slow to disclose audited financial statement information for more than 5 working days such as DGC, DTA, VMD, or have financial statements for 2025 that are not fully accepted by the audit organization, such as APG, BMI, VPG, and YBM, are also not eligible for margin trading.
Most of the remaining stocks in the list of 68 HOSE codes are securities that are in the area of being warned, controlled, restricted or suspended from trading.
According to regulations, investors will not be allowed to use credit limits granted by securities companies to buy 68 stock codes classified as securities not meeting margin trading conditions above.
