Hanoi Stock Exchange earns record profit in 2020

May 22, 2021 | 08:30 pm PT

A street vendor walks past the stock exchange in Hanoi. Photo by Reuters.

The Hanoi Stock Exchange (HNX) posted VND399 billion ($17.3 million) in 2020 post-tax profit, a year-on-year increase of 28 percent.

Its revenue rose 32 percent year-on-year to VND733 billion, 87 percent of which was from transaction charges.

The exchange attributes its highest ever revenue and post-tax profit earnings to the rise in corporate bonds issuance.

According to HNX data, 2,408 corporate bond issues were registered last year, 92.5 percent of them successful. The value of bonds successfully issued by corporates in 2020 jumped 36 percent year-on-year to VND403.4 trillion.

The exchange’s total assets were valued at VND1.35 trillion at end of 2020, up 6 percent year-on-year.