The State Securities Commission (SSC) has urged Vietnam Airlines to disclose its audited financial report for the full year of 2022.
“The State Securities Commission has requested the company to urgently remedy the accounting work to complete the disclosure of information in accordance with the regulations,” the filing read.
Also, the filing also said that the airline's explanation for delaying their financial information disclosure does not fit under the cases of force majeure, such as natural disasters, fires, wars, epidemics, and other reasons that the regulator could allow for a delay.
Vietnam Airlines had requested a delay in submitting its application to the SSC and Ho Chi Minh City Stock Exchange on March 29, 2023 without mention of any further date of submitting the finances.
Citing the reason for delay as issues arising out of large-scale global operations, which include 27 affiliated units, nine domestic and 18 foreign branches and 15 subsidiaries operating in other fields, along with the challenges caused by the COVID-19 pandemic.
In February 2022, Ho Chi Minh Stock Exchange has published a notice, warning Vietnam Airlines of its possible delisting. A similar warning was issued in September 2022.