After touching bottom in the first quarter of 2020 because of COVID-19, Vietnam’s stock market staged a strong comeback in the following quarter, allowing securities firms to enjoy sharp increases in both revenue and profit.
HCM City (VNA) - After touching bottom in the first quarter of 2020 because of COVID-19,Vietnam’s stock market staged a strong comeback in the following quarter,allowing securities firms to enjoy sharp increases in both revenue and profit.
The HCMSecurities Corp (HSC) reported more than 374 billion VND (16.28 million USD) inrevenue and 150 billion VND in after-tax profit from April to June, up 13percent and 36 percent, respectively, year-on-year.
Its netrevenue stood at 679 billion VND in the first half, up 13 percent year-on-yearand representing 52 percent of the annual plan, while after-tax profit amountedto 251 billion VND, up 30 percent and fulfilling 55 percent of the annual target.
The greatestexpansion was seen in proprietary trading which generated 189 billion VND inrevenue, up 145 percent year-on-year.
Thecompany’s earnings per share (EPS) reached 822 VND and return on assets (ROA)and return on equity (ROE) 3.5 percent and 5.8 percent, respectively.
The SSISecurities Corporation (SSI) also posted impressive gains in the second quarterof the year, with total revenue jumping 85.5 percent to close to 1.38 trillionVND and pre-tax profit shooting up 172.4 percent to 651.7 billion VNDcompared to the same quarter last year.
At the endof the first half, the company had earned 660 billion VND in pre-tax profit,a year-on-year rise of 29 percent and fulfilling 76 percent of the annual plan.
The BIDVSecurities Company (BSC), meanwhile, made a solid recovery in the secondquarter after suffering a net loss of nearly 61 billion VND in the first.
Second-quarterrevenue jumped 81.5 percent year-on-year to 256 billion VND, with earnings frombrokerage services reporting the highest growth of 75.7 percent. Pre-taxprofit hit 96 billion VND in the April-June quarter, or 3.5 times higher than a year earlier.
BSC plansto privately issue shares this year worth up to 53.85 percent of its chartercapital for strategic and financial investors, to raise its capital to over 1.8trillion VND./.
Shares declined on the HCM Stock Exchange on October 18 as investors looked for short-term profits when the VN Index reached the intraday high of 831 points.
Vietnamese shares declined on February 8 as investors showed little confidence amid the current volatility of the global markets and the sharp fall in crude prices.
The outbreak of the acute respiratory disease caused by the novel coronavirus has hit Vietnam’s stock exchange over recent days as shares hit a three-year low.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Illustrative image (Photo: VNA) 
