The State Securities Commission has asked brokerage companies to further strengthen their trading system to ensure safe and smooth transactions for investors in the stock market.
Tan Viet Securities (TVSI) ranks seventh among top ten market shares for
brokerage companies on the Ha Noi''s stock market in the third quarter
of this year.
Top brokerage companies with a large number of individual customers will
benefit from day-trading as individual customers have high demands
within a trading session, said a securities official yesterday.
The legal framework for the operation of insurance brokerage companies
will be improved to enhance their competitiveness, according to the
Insurance Supervisory Authority under the Ministry of Finance.
The Viet Nam Association of Property Brokers made its debut yesterday in
Ha Noi. The association represents individual brokers, real estate
trading floors and brokerage companies.
Brokerage companies are facing intense competition to win customers as
they struggle to offer the type of low interest loans that are available
at larger, more established brokers.
Over 60 per cent of brokerage companies reported profits in the first
six months of this year, but half of them saw their profits
compared with the same period last year.