Vietnam Stock Exchange posts first profit decline
By Mei Ling Tan
1 min read
Vietnam Stock Exchange, which operates the country’s two main bourses, saw profit dropping 8% to VND1.92 trillion ($75 million) last year, its first decline since establishment.
The operator of Ho Chi Minh Stock Exchange and Hanoi Stock Exchange saw revenue falling 10.5% to VND3.06 trillion.
92% of its revenue came from stock transaction services.
Around 60% of its revenue and profit were recorded in the second half of the year when VN-Index recovered rose 20% between May and August.
The Vietnam benchmark closed the year 12% higher.
Vietnam Stock Exchange was stablished in 2020-end and began operation in mid-2021. It is entirely owned by the Ministry of Finance.