JavaScript is off. Please enable to view full site.

Vietnam Stock Exchange reports $51mn profit in H1

Vietnam Stock Exchange reports $51mn profit in H1

Thursday, August 25, 2022, 10:33 GMT+7
Vietnam Stock Exchange reports $51mn profit in H1
The Vietnam Stock Exchange (VNX) was launched in late 2021. Photo: VNX

The Vietnam Stock Exchange reaped a net profit of more than VND1.215 trillion (US$51.7 million) in the first six months of 2022, while its profit margin reached nearly 96 percent.

The Vietnam Stock Exchange (VNX), the operator of the Ho Chi Minh City Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX), recently announced its consolidated financial statement for the first half of 2022.

This is the first time the organization has announced a semi-annual financial statement since its official launch in late 2021.

In January-June, VNX recorded more than VND1.98 trillion ($84.3 million) in net revenue from selling goods and providing services.

Securities transactions alone contributed 95 percent of its revenue.

The company spent approximately VND83 billion ($3.5 million) on operation costs, about four percent of its turnover despite high revenues from its core business

VNX’s profit margin thus reached nearly 96 percent.

The bourse also earned nearly VND57 billion ($2.4 million) from other financial activities, in addition to processing stock transactions as its primary business

The company, however, spent more than VND437 billion ($18.6 million) on business management.

VNX reaped a net profit of over VND1.215 trillion, of which nearly 76 percent was contributed by HoSE, over 22 percent by HNX, and the rest from financial activities, after deducting costs, related expenses, and taxes.

VNX contributed the remainder to the state budget after spending nearly two percent of its after-tax profit on the company’s bonus and welfare fund.

At the end of Q2 2022, VNX claimed total assets of approximately VND4.1 trillion ($174.5 million), of which bank deposits accounted for more than 68 percent.

The unit also reported a debt of nearly VND1.1 trillion ($46.8 million), down 32 percent compared to the beginning of the year.

The Vietnam Stock Exchange made its debut on December 11, 2021, on the basis of merging HoSE and HNX, with its head office located in Hanoi.

It operates as a single-member limited liability company with 100 percent of its charter capital, which is VND3 trillion ($127.7 million), owned by the state.

The prime minister tasked HNX with organizing and operating the derivative securities market, bond transactions, and other securities trading markets in accordance with the law.

HoSE is in charge of organizing and operating the stock trading market and those for other securities.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

The Vietnam Stock Exchange reaped a net profit of more than VND1.215 trillion (US$51.7 million) in the first six months of 2022, while its profit margin reached nearly 96 percent.

The Vietnam Stock Exchange (VNX), the operator of the Ho Chi Minh City Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX), recently announced its consolidated financial statement for the first half of 2022.

This is the first time the organization has announced a semi-annual financial statement since its official launch in late 2021.

In January-June, VNX recorded more than VND1.98 trillion ($84.3 million) in net revenue from selling goods and providing services.

Securities transactions alone contributed 95 percent of its revenue.

The company spent approximately VND83 billion ($3.5 million) on operation costs, about four percent of its turnover despite high revenues from its core business

VNX’s profit margin thus reached nearly 96 percent.

The bourse also earned nearly VND57 billion ($2.4 million) from other financial activities, in addition to processing stock transactions as its primary business

The company, however, spent more than VND437 billion ($18.6 million) on business management.

VNX reaped a net profit of over VND1.215 trillion, of which nearly 76 percent was contributed by HoSE, over 22 percent by HNX, and the rest from financial activities, after deducting costs, related expenses, and taxes.

VNX contributed the remainder to the state budget after spending nearly two percent of its after-tax profit on the company’s bonus and welfare fund.

At the end of Q2 2022, VNX claimed total assets of approximately VND4.1 trillion ($174.5 million), of which bank deposits accounted for more than 68 percent.

The unit also reported a debt of nearly VND1.1 trillion ($46.8 million), down 32 percent compared to the beginning of the year.

The Vietnam Stock Exchange made its debut on December 11, 2021, on the basis of merging HoSE and HNX, with its head office located in Hanoi.

It operates as a single-member limited liability company with 100 percent of its charter capital, which is VND3 trillion ($127.7 million), owned by the state.

The prime minister tasked HNX with organizing and operating the derivative securities market, bond transactions, and other securities trading markets in accordance with the law.

HoSE is in charge of organizing and operating the stock trading market and those for other securities.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Duy Khang - Bong Mai / Tuoi Tre News

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news

Disasters cost $268 billion in 2022: Swiss Re

Natural and man-made catastrophes have caused $268 billion of economic losses so far in 2022, chiefly driven by Hurricane Ian and other extreme weather disasters, reinsurance giant Swiss Re estimated Thursday