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Vietnam Stock Exchange makes VND2.1 trillion in net profit

By N. Tan

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HCMC – The Vietnam Stock Exchange (VNX) made VND2,089 billion in after-tax profit last year, up a staggering 53% year-on-year. This is the consolidated figure from both HCMC and Hanoi exchanges.

Its 2022 consolidated revenue soared 67% versus 2021 to VND3,423 billion. Securities trading services were VNX’s main stream of income, accounting for 93% of the total.

VNX also saw its income from financial services tripling the 2021 figure, at VND113 billion.

As of December 31, 2022, the stock exchange operator’s assets totaled VND4,044 billion, down by VND560 billion compared to January. Cash, cash equivalents and bank deposits contributed around VND2,651 billion to the total.

The state-owned company was established on April 13, 2021, by merging the Hochiminh Stock Exchange and the Hanoi Stock Exchange and has charter capital of VND3 trillion.

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