10 securities companies honored by Hanoi Stock Exchange

	State Treasury mobilized more than VND4.8 trillion via G-bond auction
	Derivatives market grows spectacularly after three years of operation
	State Treasury mobilizes more than VND74.000 billion of Government Bonds

In the first nine months of 2020, the total sales of 74 securities companies on the HNX reached VND24,478 billion. Internet photo

Sales grew dramatically

HNX currently has 74 member securities companies on the securities market (of which one securities company stopped trading since October 13, 2020 to cancel the voluntary membership), 32 members on the bond market, and 19 members on the derivative securities market, according to the HNX’s latest report on operations of its members.

According to HNX, in the context of strong market corrections due to the impact of Covid-19, the businessperformance of the securities companies still made impressive growth. In the first nine months of 2020, the total sales of 74 securities companies reached VND24,478 billion, a year-on-year increase of 39%; total cost was VND15,993 billion, a year-on-year increase of 34%; after-tax profit reached VND6,964 billion, a year-on-year increase of 43%. 56 securities companies recorded a profit of VND7,115 billion; 18 securities companies recorded a loss of VND152 billion.

In the management of members, HNX had implemented solutions to support securities companies to overcome difficulties due to the influence of the Covid-19 pandemic. Specifically, HNX worked with the State Securities Commission and the Ministry of Finance to propose solutions to increase market liquidity and strengthen market surveillance measures.

In particular, HNX actively inspected and ensured the security of the trading system in the market. In general, the connection between the securities companies and Stock Exchanges has been operated safely, smoothly and without problems.

In coordination, member securities companies actively coordinated with Stock Exchanges in the process of preparation and testing of the system connections. In addition to the regular tasks, to actively respond to the complicated developments of the Covid-19 pandemic, HNX cooperated with securities companies to develop anaction plan in accordance with Covid-19 to ensure the pandemic prevention and control and safe, continuous and smooth transactions.

According to the HNX, in 2021, with the orientation of continuing to stably operate the securities market and develop the derivative securities market, the HNX suggested securities companies to work together to develop policies and mechanisms, develop regulations for new products, new systems and improve procedures.

HNX also wants securities companies to have good preparation for the system, actively participate in the process of testing new systems and new products, disseminate and train investors to be ready for trading when the new system is put into operation.

Ready to connect with new information technology systems

According to Mr. Pham Hong Son, Vice Chairman of the State Securities Commission, in 2021, the new Law on Securities and the legal guiding document system will officially take effect with many new regulations which are stricter and more positive. Therefore, securities companies need to seriously review their operations to ensure compliance with the new legal regulations and be more active in contributing ideas to building the guiding documents for maximum performance.

The restructuring of the securities company system has been deployed and brought many positive results. In the near future, alongside the completion of legal regulations, the restructuring will continue to be implemented in a more drastic direction to improve the quality of operations, products and services of the securities companies. Mr. Son also suggested that securities companies should further strengthen risk management to support the market to develop more stably and healthily.

According to Mr. Pham Hong Son, the new information technology system of the market will go into operation. This is a new technology platform for the stock market to thrive in both breadth and depth. Therefore, the State Securities Commission recommends that securities companies prepare to proactively participate in connecting with stock exchanges and the Securities Depository Center to ensure the system operates stably and effectively.

Many securities companies cut interest rates on margin trading loans VCN- With Vietnam's stock market being affected by the complicated movements of the Covid-19 epidemic, many securities ...

The State Securities Commission will continue to accompany, support, propose solutions, solve difficulties, and coordinate with securities companies to build a stronger stock market in depth, increase stability, health and modernity.