Business

Brokerage revenue falls at most securities companies amid market contraction

Brokerage revenue fell at most securities companies amid the general market contraction as the total trading size of the whole market shrank.
Brokerage revenue falls at most securities companies amid market contraction ảnh 1A man looks at stock indices on a computer screen (Photo: VNA)
Hanoi (VNS/VNA) - Brokerage revenue fell at most securitiescompanies amid the general market contraction as the total trading size of thewhole market shrank.

Statistics from HoSE showed that 10 securities companies with the largestbrokerage value on HoSE in the fourth quarter of 2022 include VPS SecuritiesJSC (VPS), SSI Securities Inc (SSI), VNDirect Securities Co (VNDirect), MiraeAsset Securities (MAS), Ho Chi Minh City Securities Corporation (HSC),Vietcombank Securities Co (VCSC), MB Securities Co (MBS), TechcombankSecurities Co (TCBS), KIS Vietnam Securities Corporation (KIS), and Viet DragonSecurities Co (VDSC).

VPS Securities JSC (VPS) continued to maintain the No 1 position in terms ofstock brokerage market share with 14.81% in the last quarter of 2022. That wasthe 8th consecutive quarter VPS reached the No 1 market share position on theHCM Stock Exchange (HoSE), although this figure was nearly 4 percentage pointslower than 18.71% in the third quarter of 2022.

On the Hanoi Stock Exchange (HNX), VPS securities also hold the leadingposition in 2022 with a market share of more than 21%.

While other companies listed in the top 10 stockbrokers on the HNX improvedtheir market share insignificantly, or even witnessed a shrinking market share,VPS's market share increased by nearly 5 percentage points from 16.34% in 2021.

Securities companies such as SSI Securities Inc (SSI) and VNDirect SecuritiesCo (VND) also improved their market share on the HNX in 2021, increasing by0.14 and 0.12 percentage points, respectively.

Missing out of the Top 10 on HNX were 2 companies HCM City SecuritiesCorporation (HSC) and Saigon-Hanoi Securities Co (SHS), replaced by 2 companiesKB Securities Vietnam JSC (KBS) and Vietcombank Securities Co (VCSC) withmarket shares of 3.12% and 2.76%, respectively.

Brokerage revenue fell at most securities companies amid the general marketcontraction. For example, VPS became the No 1 securities company in terms ofmarket share on HoSE, but its market share in the fourth quarter of 2022decreased sharply. In the whole of 2022, VPS Securities Joint Stock Company -the leading company in terms of stock brokerage market share - only collected 550billion VND in revenue from brokerage activities, equal to half of the sameperiod of 2021.

For the whole of 2022, brokerage revenue of the 10 leading securities companieson HoSE in terms of trading market share decreased by nearly 19.4% compared tothe previous year. VPS's brokerage gross profit margin decreased from 22% inthe fourth quarter of 2021 to 12% in the fourth quarter of 2022.

Keeping market share when the total trading size of the whole market shrinks,many securities companies trade off efficiency. The ratio of gross profit torevenue of the brokerage segment has decreased significantly.

In the top 10 enterprises leading the market share, brokerage revenue decreasedby less than 20%, but gross profit of this segment decreased by 28.2%./.
VNA
#Brokerage revenue #HoSE #securities companies #Vietnam #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

New securities accounts lowest in 21 months

New securities accounts lowest in 21 months

Domestic investors opened 88,479 new securities accounts in November, a slight decrease compared to the previous month, according to data from the Vietnam Securities Depository (VSD).
Vietnam’s stock market still attractive to investors: report

Vietnam’s stock market still attractive to investors: report

The relatively low devaluation of the VND against the USD in comparison with that of other currencies in the region shows that the Vietnamese stock market remains an attractive destination for investment flows, as uncertainties persist in most of the global financial market, according to a weekly investment strategy report of the Vietcombank Securities Co., Ltd (VCBS).

See more

The Ministry of National Defence's inter-agency inspection team visits La Gi Fish Port in Phuoc Hoi ward, Lam Dong province. (Photo: VNA)

Lam Dong's IUU fishing prevention efforts inspected

According to the Lam Dong provincial IUU Fishing Prevention Steering Committee, all 8,177 fishing vessels measuring at least 6 metres in length have been registered and updated in the national fisheries database VNFishbase.

A member of Minh Quang Cooperative in Hung Yen province works on a farm. (Photo: VNA)

Vietnam aims to link half of farm cooperatives with enterprises by 2030

The Ministry of Agriculture and Environment will promote links between cooperatives, enterprises, science and technology organisations and other economic entities along with carrying out programmes to develop concentrated agricultural, forestry and fisheries raw material areas and enhance value chain production.

The night-time economy is increasingly seen as an important avenue for Vietnam’s tourism sector to extend visitors’ stays (Photo: VNA)

Revitalising growth momentum for night-time economy

The night-time economy has moved beyond being merely an add-on service to become a new growth driver for tourism. Night-time activities can “awaken” familiar heritage spaces and breathe new life into them. Art, light and music experiences after dark can create distinctive attractions while meeting the desire of middle- and high-end visitors to explore cultural depth.

A livestream session promotes green-skinned pomelos grown in Cho Lach commune, Vinh Long province. (Photo: VNA)

E-commerce reshapes rules of game

Once fixed fees, payment fees, infrastructure charges and service packages are included, sellers may have to spend around 24.5-27.6% of their revenue on platforms. The figure shows that the era of easy selling and low costs in e-commerce has officially come to an end.

Ho Chi Minh City targets third-quarter growth of over 11% (Photo: VNA)

Ho Chi Minh City targets third-quarter growth of over 11%

Ho Chi Minh City will continue to implement drastic measures to achieve double-digit growth, targeting GRDP growth of at least 11.07% in the third quarter of 2026, 9.43% in the first nine months and 12.3% in the fourth quarter, with a view to completing the full-year goal of 10% or more.

MM Mega Market An Phu supermarket in Ho Chi Minh City is brightly decorated for the National Day holiday. (Photo: VNA)

Domestic consumption up over 13%, tourism continues strong growth

The total retail sales of goods and consumer service revenues in August were estimated at 679.8 trillion VND (26 billion USD), up 1.6% from the previous month and 14.9% year-on-year. In the January-August period, the figure reached 5.24 quadrillion VND, representing a 13.3% increase year-on-year.

A production line of Onaga Co., Ltd. (Japan) at HANSSIP (Photo: nhandan.vn)

Hanoi moves to maintain appeal to FDI inflows

In the first eight months of 2026, the capital city attracted more than 3.7 billion USD in FDI, equivalent to 83% of the plan set for the year. Newly registered FDI exceeded 572 million USD across 450 projects, up 175.78% in project numbers and 209.46% in capital compared to the same period last year. Additional registered capital topped 492 million USD, while capital contributions and share purchases exceeded 2.6 billion USD.

Saigon Marina IFC is the first private-sector project contributing to realising the goal of developing the Vietnam International Financial Centre in Ho Chi Minh City. (Photo: VNA)

VIFC offers various opportunities to attract forein investment

Turning the VIFC into an effective channel for international capital will require clear rules, quality projects and strong connections between investors and domestic businesses. Meeting these requirements will be key to transforming investor interest into concrete capital flows and investment projects in Vietnam.

Production line at Yadea Vietnam’s smart manufacturing plant, which has an investment of more than 100 million USD, in Tan Hung Industrial Park, Bac Ninh province. (Photo: VNA)

Development model for new era – An inevitable trend

International organisations broadly agree that shifting the growth model from reliance on traditional factors toward technology and innovation is no longer an option for Vietnam, but an imperative of the times.

At a commune administrative service centre in Hung Yen province (Photo: VNA)

Government determined to cut administrative procedures to drive double-digit growth

Resolution No. 258/NQ-CP, dated August 31, 2026, calls for substantive and comprehensive reform, with a focus on maximum cuts and simplification of administrative procedures and business conditions. It also seeks to shift management from pre-licence inspection to post-licence inspection based on risk management, while strengthening real-time, data-driven oversight and putting people and businesses at the centre of public services.

(Illustrative photo: VNA)

Vietnam eyes entry into 40-billion-USD Southeast Asian CCS market: experts

A clear, transparent and stable legal framework would not only enable Petrovietnam to play a leading role in new energy development but also strengthen investor confidence, encouraging both domestic and foreign enterprises to invest, transfer technology and cooperate in developing large-scale CCS projects.