Vietnam Stock Exchange posts first profit decline
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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.
Questions & Answers
Q.What was the total profit for Vietnam Stock Exchange last year?
What was the total profit for Vietnam Stock Exchange last year?
Vietnam Stock Exchange reported a profit of VND1.92 trillion ($75 million) last year. This figure represents an 8% decline compared to the previous year, marking its first profit decrease since establishment.
Q.When did the Vietnam Stock Exchange begin its operations?
When did the Vietnam Stock Exchange begin its operations?
The Vietnam Stock Exchange was established at the end of 2020 and commenced its operational activities in the middle of 2021. It manages both the Ho Chi Minh Stock Exchange and the Hanoi Stock Exchange.
Q.What was the primary source of revenue for the Vietnam Stock Exchange?
What was the primary source of revenue for the Vietnam Stock Exchange?
The main source of revenue for the Vietnam Stock Exchange was stock transaction services, which accounted for 92% of its total revenue. Its revenue for the year was VND3.06 trillion.
Q.Who owns the Vietnam Stock Exchange?
Who owns the Vietnam Stock Exchange?
The Vietnam Stock Exchange is entirely owned by the Ministry of Finance. It was established in late 2020 and began operating in mid-2021, overseeing the country's two main bourses.
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