VietinBank Securities eyes another record year

Mar 23, 2022Updated Jun 1, 20251 min read

VietinBank Securities eyes record profits again this year through the stock market itself is likely to be down.

Its board has approved a profit target of VND505 billion ($22 million), 5 percent up from last year.

Last year pre-tax profits tripled to VND480 billion on revenues of VND1.06 trillion.

Tran Phuc Vinh, its chairman, said though the stock market is no longer booming like last year and growth is likely to be slower this year, he expected the number of new retail investors to keep rising.

“We need to invest in technology, and increase salaries, bonuses, and commissions to attract more brokers and collaborators”.

The brokerage is also set to enter corporate bond consultancy and distribution and step up financial activities by raising its margin rate to 200 percent of shares owned.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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