Vietnam Stock Exchange collects 1,746 billion VND in 9 months

Revenue in the first 9 months of the year of Vietnam Stock Exchange reached more than 1,746 billion VND, up 27% over the same period and completing 62% of the set target.

Vietnam Stock Exchange (VNX) recorded revenue of more than VND1,746 billion in the first 9 months of the year, up 27% year-on-year. VNX's two subsidiaries, the Ho Chi Minh City Stock Exchange and the Hanoi Stock Exchange, contributed VND1,322 billion and VND393 billion, up 32% and 23% year-on-year, respectively.

Financial revenue in this period reached 29 billion VND. Profit after tax reached 1,719 billion VND, up 28% over the same period.

With a plan for 2024 to achieve total revenue of about VND 2,797 billion and after-tax profit of more than VND 1,423 billion, VNX has completed 62% of the revenue plan and exceeded 21% of the profit target after the first 3 quarters of the year.

VNX's business results for the first 9 months of the year.

VNX's business results grew by double digits amid a boom in the Vietnamese stock market in the first half of the year, but then remained flat on low liquidity in the third quarter.

According to data from the State Securities Commission, the average trading value per session on HoSE in the first 9 months of the year was approximately VND20,000 billion, but this figure dropped to more than VND16,500 billion in the third quarter. In addition, foreign investors net sold about VND59,000 billion in the 9 months. This pressure continued until November, raising the net selling value from the beginning of the year to November 28, 2024 to more than VND80,000 billion.

Last year, VNX recorded total revenue of VND3,064 billion and after-tax profit of more than VND1,920 billion, down more than 10% and 8% over the same period.

VNX was established at the end of 2020 and officially operated from mid-2021 under the parent company - subsidiary model. The Exchange has a charter capital of 3,000 billion VND, 100% owned by the Ministry of Finance on behalf of the State. Total consolidated capital as of the end of last year was nearly 4,000 billion VND.

VNX was established to merge the Ho Chi Minh City Stock Exchange (HoSE) and the Hanoi Stock Exchange (HNX). The goal is to unify the organizational model, mechanism, policies, development thinking and information technology infrastructure to serve the market.

Source: https://baodautu.vn/so-giao-dich-chung-khoan-viet-nam-thu-1746-ty-dong-trong-9-thang-d231302.html