In order from left to right: Mr. Nguyen Duc Quan Tung - Member of the Board of Directors and General Director of LPBS; Mr. Nguyen Van Thuy - Vice Chairman of the Board of Directors of LPBank; Mr. Nguyen Van Phung - Member of the City Party Committee, Director of the Department of Finance of Da Nang; Mr. Vo Minh - Director of the State Bank of Vietnam, Da Nang branch; Mr. Le Minh Tam - Permanent Vice Chairman of the Board of Directors of LPBank and Chairman of the Board of Directors of LPBS, Mr. Vo Dinh Tuan - Director of the Central region of LPBS performed the ribbon cutting ceremony.
According to the latest data from the Vietnam Securities Depository (VSD), the total number of domestic investors' securities accounts as of the end of June reached approximately 8 million accounts, the highest ever. Of which, individual investors had more than 7.98 million accounts, equivalent to only 8% of the population. This shows that the potential for future development of Vietnam's stock market is still very large, especially in the context of the Government's target of reaching 9 million securities trading accounts by 2025 and 11 million accounts by 2030. In addition, the stock market is also actively supported by the government's strong market promotion policies and the prospect of upgrading to emerging market status in the near future.
Delegates representing the State Bank of Vietnam, Da Nang Branch, Da Nang Department of Finance, LPBank, LPBS attended the opening ceremony.
With the above comments, LPBS believes that this is the right time to expand its network of branches and transaction offices, to promote the brand as well as increase the Company's coverage nationwide.
Mr. Le Minh Tam, Permanent Vice Chairman of LPBank Board of Directors and Chairman of LPBS Board of Directors, spoke at the opening ceremony.
Speaking at the opening ceremony of Da Nang Branch on July 16, 2024, Mr. Nguyen Duc Quan Tung - Member of the Board of Directors and General Director of LPBS, said: "This is an important milestone for us in our strategy to expand our network of operations. By making the most of resources from the Group's Ecosystem , LPBS will bring to investors in Da Nang and the Central region high-quality, comprehensive, outstanding, diverse and suitable financial products and services to the needs of each customer segment. In the coming time, we will continue to open more branches nationwide such as Quang Ninh, Hai Phong, Dong Nai, Can Tho ... and expect to cover the LPBS brand nationwide in the period of 2025-2027". In order to have a strong presence in the market as well as improve financial capacity and operational capacity, LPBS has completed the increase of Charter Capital to 3,888 billion in April 2024, and completed Connecting the Departments and applying for licenses for securities operations, officially going into operation and doing business from the end of the second quarter. In 2024, the company aims for pre-tax profit of VND 52 billion, an increase of 268% compared to 2023.K.Oanh
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