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.
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The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative image (Photo: VNA) 
