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VNX’s revenue plummets by 44% in 2023

By Truc Dao

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HCMC – The Vietnam Stock Exchange (VNX) has released its 2023 financial results, revealing its revenue plummeted by nearly 44% against the previous year to VND1.92 trillion.

Over VND1,850 billion of this revenue came from investment in its two subsidiaries, namely the Hochiminh Stock Exchange (HOSE) and the Hanoi Stock Exchange (HNX).

HOSE contributed more than VND1,395 billion to the consolidated revenue, while HNX accounted for VND460 billion.

According to the report, VNX’s total expenses for last year amounted to VND26.7 billion, a substantial decline of over 96% over 2022. Despite the challenges, the state-owned company managed to achieve after-tax profit of VND1,886 billion in 2023, down by 10% year-on-year.

Established on April 13, 2021, through the merger of the Hochiminh Stock Exchange and the Hanoi Stock Exchange, VNX has charter capital of VND3 trillion.

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