10 securities companies honored by Hanoi Stock Exchange

VCN - Member securities companies of the Hanoi Stock Exchange (HNX) have made impressive growth despite suffering from significant impacts of the Covid-19 pandemic.
State Treasury mobilized more than VND4.8 trillion via G-bond auction State Treasury mobilized more than VND4.8 trillion via G-bond auction
Derivatives market grows spectacularly after three years of operation Derivatives market grows spectacularly after three years of operation
State Treasury mobilizes more than VND74.000 billion of Government Bonds State Treasury mobilizes more than VND74.000 billion of Government Bonds
0537-1148-c63d99a66d1448b37542caa8caf81b42-1569653843895867273402
In the first nine months of 2020, the total sales of 74 securities companies on the HNX reached VND24,478 billion. Internet photo


Sales grew dramatically

HNX currently has 74 member securities companies on the securities market (of which one securities company stopped trading since October 13, 2020 to cancel the voluntary membership), 32 members on the bond market, and 19 members on the derivative securities market, according to the HNX’s latest report on operations of its members.

According to HNX, in the context of strong market corrections due to the impact of Covid-19, the businessperformance of the securities companies still made impressive growth. In the first nine months of 2020, the total sales of 74 securities companies reached VND24,478 billion, a year-on-year increase of 39%; total cost was VND15,993 billion, a year-on-year increase of 34%; after-tax profit reached VND6,964 billion, a year-on-year increase of 43%. 56 securities companies recorded a profit of VND7,115 billion; 18 securities companies recorded a loss of VND152 billion.

In the management of members, HNX had implemented solutions to support securities companies to overcome difficulties due to the influence of the Covid-19 pandemic. Specifically, HNX worked with the State Securities Commission and the Ministry of Finance to propose solutions to increase market liquidity and strengthen market surveillance measures.

In particular, HNX actively inspected and ensured the security of the trading system in the market. In general, the connection between the securities companies and Stock Exchanges has been operated safely, smoothly and without problems.

In coordination, member securities companies actively coordinated with Stock Exchanges in the process of preparation and testing of the system connections. In addition to the regular tasks, to actively respond to the complicated developments of the Covid-19 pandemic, HNX cooperated with securities companies to develop anaction plan in accordance with Covid-19 to ensure the pandemic prevention and control and safe, continuous and smooth transactions.

According to the HNX, in 2021, with the orientation of continuing to stably operate the securities market and develop the derivative securities market, the HNX suggested securities companies to work together to develop policies and mechanisms, develop regulations for new products, new systems and improve procedures.

HNX also wants securities companies to have good preparation for the system, actively participate in the process of testing new systems and new products, disseminate and train investors to be ready for trading when the new system is put into operation.

Ready to connect with new information technology systems

According to Mr. Pham Hong Son, Vice Chairman of the State Securities Commission, in 2021, the new Law on Securities and the legal guiding document system will officially take effect with many new regulations which are stricter and more positive. Therefore, securities companies need to seriously review their operations to ensure compliance with the new legal regulations and be more active in contributing ideas to building the guiding documents for maximum performance.

The restructuring of the securities company system has been deployed and brought many positive results. In the near future, alongside the completion of legal regulations, the restructuring will continue to be implemented in a more drastic direction to improve the quality of operations, products and services of the securities companies. Mr. Son also suggested that securities companies should further strengthen risk management to support the market to develop more stably and healthily.

According to Mr. Pham Hong Son, the new information technology system of the market will go into operation. This is a new technology platform for the stock market to thrive in both breadth and depth. Therefore, the State Securities Commission recommends that securities companies prepare to proactively participate in connecting with stock exchanges and the Securities Depository Center to ensure the system operates stably and effectively.

Many securities companies cut interest rates on margin trading loans Many securities companies cut interest rates on margin trading loans

VCN- With Vietnam's stock market being affected by the complicated movements of the Covid-19 epidemic, many securities ...

The State Securities Commission will continue to accompany, support, propose solutions, solve difficulties, and coordinate with securities companies to build a stronger stock market in depth, increase stability, health and modernity.

HNX has honored 10 securities companies for their positive contributions from 2019 to 2020 on the basis of criteria of safe finance (under the CAMEL model), trading market share on the stock market, bond market, and the derivative market and their compliance with membership obligations.

They are: ACB Securities Company Limited, Bao Viet Securities Joint Stock Company, FPT Securities Joint Stock Company, KB Vietnam Securities Joint Stock Company, Mirae Asset Securities Company Limited (Vietnam), MB SecuritiesJoint Stock Company, Saigon - Hanoi Securities Joint Stock Company, Techcom Securities Joint Stock Company, Tan Viet Securities Joint Stock Company and Viet Capital Securities Joint Stock Company.

HNX also has honored three member securities companies with high market share on the stock market, bond market and derivative market.

By Thuy Linh/ Huyen Trang

Related News

Margin loan continues hit new record

Margin loan continues hit new record

VCN - The need to use leverage in the stock market is still very high, shown by the level of outstanding loans at securities companies continuing to increase sharply in the second quarter of 2024.
Many positive signals from stock market upgrade

Many positive signals from stock market upgrade

VCN - Many crucial knots in the process of upgrading the stock market are being untangled by the Government and relevant agencies. Thanks to proactive moves from the management agencies, experts assessed that the stock market was likely to be upgraded according to the set objectives.
Prevent risks from securities companies mobilizing capital from investors

Prevent risks from securities companies mobilizing capital from investors

VCN - The State Securities Commission (SSC) issued an official dispatch requesting securities companies to immediately stop signing new agreements and to settle all transactions related to investment cooperation activities, no later than June 30, 2024. Securities companies must report the settlement implementation roadmap to the SSC before December 30, 2024, and monthly report the results of implementation until full settlement. Mr. Do Bao Ngoc, Deputy General Director of Vietnam Construction Securities Joint Stock Company (CSI), discussed with Customs Magazine about this issue.
COVID-19 drug-related trafficking prosecuted

COVID-19 drug-related trafficking prosecuted

VCN - According to the Customs News, the Anti-smuggling and Investigation Department leader under the General Department of Customs has signed Decision 01/QD-DTCBL on the criminal prosecution of smuggling crime for N.Q Co., Ltd (Nam Dinh city, Nam Dinh province).

Latest News

Ensuring financial capacity of bonds issuers

Ensuring financial capacity of bonds issuers

VCN - The Ministry of Finance is finalizing the draft Decree amending and supplementing Decree No. 155/2020/ND-CP detailing the implementation of a number of articles of the Securities Law. The amendment aims to continue to perfect the legal framework and overcome some shortcomings arising in the practice of the securities market.
Finance ministry announces five credit rating enterprises

Finance ministry announces five credit rating enterprises

One more company has been granted the certificate of eligibility since August.
The capital market will see positive change

The capital market will see positive change

VCN – Vietnam’s capital market has more balanced, harmonious and sustainable. However, besides the achievements, the market still faces many potential challenges. In order for the capital market to become an effective and sustainable capital mobilization channel, further improving the quality of goods and diversifying investors in the market is a key direction.
Corporate bond issuance value rises by 60 per cent

Corporate bond issuance value rises by 60 per cent

In the first 11 months of 2024, the total value of corporate bond issuances reached nearly VNĐ403 trillion, a 60 per cent increase year-on-year.

More News

Slower mobilization than credit may put pressure on interest rates

Slower mobilization than credit may put pressure on interest rates

VCN - According to the latest data from the State Bank of Vietnam (SBV), deposits in the banking system as of the end of September 2024 reached more than 14 million billion VND, an increase of 4.9% compared to the beginning of the year, but the rate was still slower than credit, which could put pressure on interest rates.
Fed’s foreseen rate cuts affect foreign exchange rate

Fed’s foreseen rate cuts affect foreign exchange rate

After the Fed’s move, the US dollar index (DXY) on December 19 hit nearly 108, the highest level in the past year.
Untying the knot for green finance

Untying the knot for green finance

VCN - Green finance is a crucial resource for greening businesses. Completing the policy framework for green finance is urgently needed to unlock this capital flow.
Ensuring efficiency and transparency in use and management of houses and land at State enterprises

Ensuring efficiency and transparency in use and management of houses and land at State enterprises

VCN - According to the Ministry of Finance, the issuance of Directive on strengthening management, improving the efficiency of use and handling of houses and land at State-owned enterprises to ensure the effective management, use and handling of houses and land for the right purposes, and to avoid loss and waste.
Vietnam

Vietnam's stock market to develop strongly and sustainably

VCN - This was emphasized by Minister of Finance Nguyen Van Thang at the Conference to review the work of 2024 and deploy the work of 2025 of the State Securities Commission (SSC) held on the afternoon of December 18.
Tax sector achieves revenue target of about VND1.7 million billion

Tax sector achieves revenue target of about VND1.7 million billion

VCN – Motivated by the revenue collection by the end of December 2024, the General Department of Taxation has accomplished the revenue collection.
General inventory of public assets raises efficiency of use and management of country

General inventory of public assets raises efficiency of use and management of country's resources

VCN – The implementation of the General Inventory Project by the Ministry of Finance, ministries, central and local agencies has ensured progress according to Project 213 and the plan issued by the Ministry of Finance. This is the information provided by a representative of the Department of Public Asset Management (Ministry of Finance) at the press conference on the implementation of the General Inventory Project of public assets organized by the Ministry of Finance on the afternoon of December 18.
Publicizes progress of public investment disbursement for important national projects

Publicizes progress of public investment disbursement for important national projects

VCN – Important national projects, inter-regional transport projects, riverbank and coastal erosion treatment projects all have disbursement rates lower than the estimated average disbursement rate of the whole country, the Ministry of Finance said.
Six SOEs to be transferred back to industry ministry

Six SOEs to be transferred back to industry ministry

Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).
Read More

Your care

Latest Most read
Ensuring financial capacity of bonds issuers

Ensuring financial capacity of bonds issuers

VCN - The Ministry of Finance is finalizing the draft Decree amending and supplementing Decree No. 155/2020/ND-CP detailing the implementation of a number of articles of the Securities Law. The amendment aims to continue to perfect the legal framework and
Finance ministry announces five credit rating enterprises

Finance ministry announces five credit rating enterprises

One more company has been granted the certificate of eligibility since August.
The capital market will see positive change

The capital market will see positive change

VCN - The capital market is an important component of the financial market that provides medium-and long-term capital, contributing to effectively mobilizing and allocating resources and creating an essential material foundation for the grow of national e
Corporate bond issuance value rises by 60 per cent

Corporate bond issuance value rises by 60 per cent

In the first 11 months of 2024, the total value of corporate bond issuances reached nearly VNĐ403 trillion, a 60 per cent increase year-on-year.
Slower mobilization than credit may put pressure on interest rates

Slower mobilization than credit may put pressure on interest rates

According to the latest data from the State Bank of Vietnam (SBV), deposits in the banking system as of the end of September 2024 reached more than 14 million billion VND
Mobile Version