As the buoyant and robust inflows to Vietnam’s stock sector are predicted to stay steadfast in 2022, local and foreign-backed securities firms are battling with one another to capture a larger chunk of the market.

In the context of impressive growth of the stock market, many companies have flocked to issue shares to raise capital, but not all achieve the expected result.

Recently released financial reports show the earnings of securities companies were positive in the first quarter of 2021.

The chair of Viet Capital Securities has received zero dong, and the CEO has refused a bonus worth an apartment, buy they still earn money through shares they hold.

Viet Capital Securities (VCSC) of Nguyen Thanh Phuong has been showing signs of decline recently, but the stock market is brightening with strong liquidity.

The number of securities companies that saw profits decrease or took losses in Q1 were much higher than the number of companies that maintained growth.

In addition to promulgating legal documents to ensure the enforcement of the amended Securities Law, the State Securities Commission (SSC) will put the new transaction system into operation and consolidate the corporate bond market.

The derivatives market is likely to grow stronger in 2020, offering high profitability to investors, analysts have said.

 Big securities companies are trying to catch up with the technological revolution in the financial industry by employing robots and artificial intelligence (AI) to provide services for their clients.

South Korean invested securities companies are putting pressure on Vietnamese companies, competing in terms of service quality, number of branches and the possibility of providing loans for margin trading.

The Ho Chi Minh Stock Exchange (HOSE) held the first trading session of covered warrants (CWs) on June 28, marking the debut of this type of securities product on the Vietnamese stock market.

Covered warrants (CWs) will be officially listed and traded on the Vietnamese stock market from June 28, according to the State Securities Commission of Vietnam (SSC).

Stockbrokers’ revenues are expected to fall sharply after a price war broke out among them in the wake of Circular No 128/2018/TT-BTC, which took effect last February.

A lot of foreign securities companies have announced plans to increase their charter capital within a short time, but Vietnamese companies are being cautious about their capital increase plans.

VietNamNet Bridge - A number of small securities companies changed hands in 2017. The buyers were mostly from China and South Korea. 

Despite advantages in capital and experience, foreign-invested securities companies still are finding it difficult to cement their positions in the fledgling stock market.

VietNamNet Bridge - The share prices of many securities companies have increased since the beginning of the year thanks to the rising stock market.

VietNamNet Bridge - A number of once-famous large corporations are now bogged down in difficulties and losses, with little chance for recovery.

VietNamNet Bridge - Two Vietnamese securities companies have announced they will remove the foreign ownership cap on shares. Who will be next?