An electrical board of stock indices at the Ho Chi Minh Stock Exchange in HCM City. (Photo: VNA) HOSE's revenue comes from three main activities, including securities tradingactivities, service provision activities and financial activities.
According to the exchange, the reason for the sharp decrease in revenue in thepast year was mainly due to the drop in revenue from securities tradingactivities which reached only 2.3 trillion VND, down nearly 22% compared to theprevious year. Meanwhile, service provision activities recorded an increase ofover 10.9% compared to 2021, while revenue from financial activities did notfluctuate much.
HOSE's total expenses in 2022 reached more than 562 billion VND, down 20%compared to 2021; in which, the cost of market monitoring still made up thelargest proportion in the cost structure of HOSE, accounting for 66.05%,equivalent to 371.44 billion VND.
This cost of market monitoring was reduced by 25% compared to the previousyear. The cost of tools and equipment, and depreciation of fixed assetsaccounted for 10.2% of the total cost, equivalent to 57.54 billion VND. Thecost of salaries and other payables for employees was 87.27 billion VND,accounting for 15.5% and the remaining costs made up 8.18% of the coststructure of HOSE in 2022.
In 2022, the bourse achieved a pre-tax profit of 1.95 trillion VND, down 23%compared to a record profit of 2.5 trillion VND in 2021.
HOSE paid nearly 1.93 trillion VND to the State budget in 2022, down about17.14% compared to 2021.
According to the exchange, 2022 was a year with many fluctuations anddifficulties for the Vietnamese stock market. The instability of the worldeconomy, the geopolitical conflict between Russia and Ukraine, the pressure toadjust interest rates to control inflation by the US Federal Reserve (Fed) andcentral banks around the world, cases of violations by some individuals andorganisations on the domestic stock market, all negatively affected investorsentiment.
The VN-Index as of December 30, 2022 reached 1,007.09 points, down 32.78%compared to the end of 2021. The average transaction value reached nearly 17.19trillion VND, down 21.88% compared to the previous year. Market capitalisationas of December 30, 2022, attained about 4.02 quadrillion VND, down 31.19%compared to the end of 2021.
According to Nguyen Thi Viet Ha, acting chairwoman of HOSE, althoughexperiencing many sharp declines, in general, Vietnam’s stock market stillmaintains stable and safe operation. Most of the companies listed on HOSErecovered and made profits this year.
Foreign investors returned to net buy more than 26 trillion VND compared to 58trillion VND in 2021. Strong GDP growth, inflation under control, propermonetary and fiscal policies, improved business and investment environment werethe basic factors that create the foundation for long-term growth of Vietnam’sstock market, Ha said.
In 2022, in the context of many difficulties and challenges, HOSE has achievedsome results in market organisation and internal governance.
The supervision of information disclosure of listed companies and supervisionof unusual transactions have been strengthened by HOSE in order to tightenmarket discipline. The market has been organised and operated safely andstably, odd-lot securities trading has been successfully implemented, providingadditional trading facilities to meet the needs of investors, Ha said./.
VNA
