SSI remains at top of HoSE’s 10 largest securities brokerage firms
The SSI Securities Corporation has retained its top spot on the Ho Chi Minh Stock Exchange (HoSE)’s list of the 10 leading securities firms in terms of brokerage market share of stocks, fund certificates, and covered warrants (CW) in the first quarter of 2020.
HCM City (VNA) - The SSI Securities Corporation has retained its top spot on the Ho Chi Minh Stock Exchange (HoSE)’s list of the 10 leading securities firms in terms of brokerage market share of stocks, fund certificates, and covered warrants (CW) in the first quarter of 2020.
SSI held a market share of 12.32 percent in the opening three months, down 1.64 percent from last year, according to HoSE.
Following was the HCM Securities Corp (HSC), whose market share grew to 11.03 percent from 10.54 percent in 2019. In third was the Bao Viet Securities Company (VCSC), which saw its market share grow to 9.7 percent from 8.19 percent last year.
The top 3 was identical to last year’s, despite the impact of the COVID-19 pandemic on the stock market over the last two months.
The benchmark VN-Index ended March at 662.53 points and has plunged 31 percent since the beginning of the year. This is the second-largest quarterly loss ever recorded, with the largest being the 44.25 percent decline posted in the first quarter of 2008.
The current price-to-earnings ratio (P/E) of Vietnamese stocks fell to just 9.8; the lowest for the last five years.
The top 10 also included VNDirect Securities Corporation in the 4th place, Mirae Asset Vietnam (5th), VPS Securities (6th), and MB Securities JSC (7th).
Total market capitalisation on HoSE last year was 3,280 trillion VND (142 billion USD), a year-on-year increase of 14.05 percent and representing nearly 60 percent of the country’s GDP.
✅ Foreign investors were net buyers to the tune of 6.62 trillion VND. Their total trade topped 318 trillion VND, or nearly 16 percent of total transaction value./.
SSI Securities Corporation received two Asiamoney Best Southeast Asia Securities House Awards from Asiamoney, a leading finance and investment magazine in the Asia-Pacific, at a ceremony in Singapore this week.
After having declined for four straight weeks, the Vietnamese market may rebound in December as analysts and securities companies expect that cheaper shares will attract hungry investors amid the world’s volatility.
Foreign investors bought more Vietnamese stocks than they sold in January, snapping a month-long streak as net buyers after offloading shares in the last five months of 2019.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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&.
Illustrative image (Photo: SSI) 
