SSI Securities Corporation reported strong growth last year, with pre-tax profits growing by 54.4 per cent to nearly VND1.56 trillion (US$67.57 million) and income by 43.4 per cent to VND4.528 trillion ($195.5 million).

SSI Securities Corporation reported strong growth last year, with pre-tax profits growing by 54.4 per cent to nearly VND1.56 trillion (US$67.57 million) and income by 43.4 per cent to VND4.528 trillion ($195.5 million).

The stock market had a successful 2020, with the two main indices, the VN-Index and VN30 gaining 14.9 per cent and 21.8 per cent.

Average liquidity in the fourth quarter rose 79.5 per cent from the previous quarter to VND11.6 trillion.

SSI retained its position as the leading brokerage on the HCM City Stock Exchange for a seventh consecutive year with a market share of 12.33 per cent.

At the end of last year it got an $85 million loan from a consortium of foreign banks led by Union Bank of Taiwan, for securities trading services and trading valuable papers and margin lending at low interest rates among other things.

Last year it was conferred the title of ‘Labour Hero in the Doi Moi (Renewal) period’ for its contributions to the sustainable development of the country’s securities sector. — VNS