Investors watch stock indices at Bao Viet Securities Company’s trading floor in Hanoi (Photo: VNA)
Hanoi (VNS/VNA) - The sharp decline of the stock market in thefinal months of 2018 has had little impact on the yearly business results ofsecurities companies.
The VN-Index, Vietnam’s benchmark stock index, set an all-time peak of 1,211points in April 10 last year, but then suffered a sharp decline of 27 percent,to reach 888 points on October 30. The index continued to decline then hit asix-month low of 878.22 points on January 3.
In 2018, securities firms still saw rising profits. The 30 largest securitiescompanies in the market recorded pre-tax profit of nearly 9.4 trillion VND, up25 percent compared to 2017’s figure of 7.5 trillion VND.
The total profit of the 10 largest companies exceeded 7.4 trillion VND.
Of them, the three largest companies with biggest market shares, namely Sai GonSecurities Inc (SSI), Techcombank Securities (TCBS) and Viet Capital SecuritiesCompany (VCSC), totalled pre-tax profit of more than 4.2 trillion VND or about45 percent of total profit of securities firms in the market.
SSI earned 1.6 trillion VND, up 15 percent year-on-year. VCSC attained 1.02trillion VND, up 26 percent against 2017. HSC recorded 842 billion VND, up by22 percent compared to the previous year.
Some smaller companies recorded huge increases in profit like FPT SecuritiesCompany (FPTS), up by 149 percent to touch 543 billion VND, thanks to therevaluation of its investment in the Song Hong Garment JSC (MSH).
IB Securities Company (IBSC) saw profit surging by 162 percent while that of MBSecurities Company (MBS) soared 738 percent. Kis Viet Nam SecuritiesCorporation (KIS)’s profit rocketed by 1,184 percent. VPBank Securities Company(VPSC)’s profit climbed 75 percent.
Virtually not participating in the stock market, TCBS earned a lot from bonds,seeing profits up by 67 percent, from 917 billion VND to 1.53 trillion VND.TCBS’s 2018 revenue reached 1.87 trillion VND.
On the other side, VNDirect Securities Corporation, Sai Gon – Hanoi SecuritiesJSC (SHS), Bao Viet Securities Company, Thien Viet Securities JSC and ACBSecurities Company recorded lower profits.
VNDirect’s profit dropped 14 percent from 538 billion VND to 462 billion VND whileSHS’s profit decreased by 9 percent to reach 411 billion.-VNS/VNA
The Vietnam Stock Exchange (VSE) will be set up with a view to unifying the stock market and ensuring efficient, fair, open and transparent activities on the market.
Over the past year, most investment funds in Vietnam’s equity market have seen negative growth in net asset value per share (NAVPS) due to the poor performance of the market indices.
Vietnam’s stock market is set for unpredictable short-term movement, as both local indexes witnessed a choppy trading week last week, on low liquidity and weak cash flow.
The State Securities Commission of Vietnam (SSC) will strengthen cooperation with the Ministry of Public Security to bolster the inspection and handling of manipulation and insider trading on the stock market.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Investors watch stock indices at Bao Viet Securities Company’s trading floor in Hanoi (Photo: VNA) 
