Vietnam Stock Exchange posts first profit decline

By Dat Nguyen   June 25, 2024 | 01:32 am PT
Vietnam Stock Exchange posts first profit decline
An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
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.

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