Saigon Securities Inc replacing HSC this year to advance to the top spot in Asiamoney Brokers Poll 2013.— Photo vietpress.vn

HA NOI (Biz Hub) — Saigon Securities Inc. (SSI) received several prestigious awards, including being recognised as the "best local brokerage in Vietnam," at the Asiamoney Brokers Poll 2013, the company announced on Monday.

The 24th annual award ceremony, hosted by Asiamoney, one of Asia's leading publications, marks the second time Viet Nam has been nominated, competing with major corporations from 13 Asian countries.

The results were based on surveys from nearly 2,500 institutions, with a total 5,490 valid individual responses, according to the organiser's website asiamoney.com.

The website also said, "While stability remains the overriding theme across most Asia-Pacific markets, with most of 2012's best local brokerages retaining their titles, Vietnam is the exception, with Saigon Securities Inc. advancing to the top spot, replacing HSC."

In addition to winning the "Best Local Brokerage in Vietnam" title, SSI also ranked No. 1 in Viet Nam for several other awards such as best analysis and market research, best brokerage services, best workshop organiser for investment opportunities and company visits and best transaction brokerage.

An SSI official, Hoang Viet Phuong, won the title of leading analyst of Viet Nam, while another official Pham Ngoc Bich won the award for best institutional investment advisor in the country.

SSI has also announced its consolidated financial results for the third quarter of 2013. The company made a net profit of VND350 billion (US$16.6 million) in the first nine months of 2013, an increase of 17 per cent over the same period last year.—VNS