Liquidity of the banking system has been plentiful again after the Lunar New Year, helping the central bank net withdraw more than VND51.55 trillion (US$2.2 billion) in the past week.
Saigon Securities Inc. reported strong growth in the third quarter despite the securities market correction, with profits surging 227 per cent to VND541.6 billion (US$23.16 million) and revenues by 53 per cent of VND958.8 billion ($41.01 million).
Authorities need to closely control the rapid increase in Viet Nam’s credit-to-GDP gap so as not to cause high inflation as in the past, experts have warned.
Saigon Securities Inc (SSI) and HCM City Securities Corporation (HSC) have reported better profits in the second quarter and first half of 2018 despite volatile stocks that have dampened the performance of most of listed securities firms.
Saigon Securities Inc. achieved pre-tax profits of VND872 billion (US$38.07 million) on revenues of VND2.1 trillion ($91.7 million) in the first half of the year, a year-on-year increase of 19.3 per cent and 60.3 per cent.
Airports Corporation of Viet Nam (ACV) is expected to reach VND18.04 trillion (US$789.2 million) in accumulated revenue this year, marking an increase of 13 per cent compared to last year.
Saigon Securities Inc. (SSI) targets a total revenue (including profits from affiliated companies) of VND3.41 trillion (US$150 million) and pre-tax profit of VND 1.615 trillion this year.
Saigon Securities Inc. (SSI) was the biggest brokerage on the Hanoi Stock Exchange’s derivatives market last year with a 28.28 per cent market share, according to an exchange report on the derivatives market.
Saigon Securities Inc (SSI) has warned its investors against downloading scam programmes that could counterfeit the brokerage firm''s applications and steal investors’ information.
Saigon Securities Inc. (SSI) reported pre-tax profits of VND402.3 billion (US$17.7 million) on revenues of VND762.1 billion (US$33.57 million) in the second quarter of the year, up 9.5 per cent and 10.3 per cent year-on-year.
On February 21 Vinh Hoan Fisheries Joint Stock Company (VHC) became the
third listed company to offer 100 per cent of its ownership to foreign
investors after Government Decree 60/2015/ND-CP took effect.