Business

Few brokers record profits in first half of 2015

Many securities companies performed weakly in the first half of the year, pulled down by lower brokerage and margin lending service revenues.
Many securities companies performed weakly in the first half of theyear, pulled down by lower brokerage and margin lending servicerevenues.

According to data from HCM City and Hanoi stockexchanges, more than 30 brokerage companies have submitted theirfinancial reports for the second quarter and first half. Most are smallfirms with charter capital of below 300 billion VND (13.8 million USD).

Onlyseven brokers posted higher second-quarter revenue growth this yearthan last year: Da Nang Securities, Tam Nhin (Horizon) Securities, VietThanh Securities, Mirae Asset Securities Vietnam, Thanh Cong Securities,Euro Capital Securities and Quoc Gia Securities.

Six of thesefirms earned higher revenue thanks to increases in brokerage and marginlending activities. Horizon Securities Corp earned the highest. Itsbrokerage fees soared from 1 million VND (46 USD) in the first quarterof 2014 to 6.6 billion VND (303,000 USD) in the second quarter of theyear.

Only Mirae Asset Securities earned major revenue fromself-investment activities. The company's brokerage fees dropped 12percent on the year, but its investment strategy earned the company 2.9billion VND in the second quarter in 2015, accounting for nearly 35percent of its total revenue.

However, most of other firms sawtheir revenue decline. Overall, the total revenue of more than 30companies declined more than 45 percent on average.

Toan CauSecurities Co was the biggest loser as its revenue reached just 200million VND (9,200 USD) in the last three months to June, down 98.5percent year-on-year. Phu Gia Securities Co closely followed with adecrease of 91 percent and VSM Securities with a drop of 78 percent.

InvestmentVietnam Securities Co recorded the smallest decrease in revenue of just2.1 percent. Though its brokerage fees and other sources of revenueincreased during the period but strong declines in the consultancy andself investment activities depreciated its overall performance.

Accordingto market insiders, brokerage and margin lending contributed the mostto small companies' revenue. So when these activities declined, it wouldpull down the small businesses.

Profits seemed brighter, with only nine companies posting losses in the second quarter and first half.

DeNhat Securities Co topped the list of profitable companies withearnings of 8 billion VND (367,000 USD) in the second quarter and nearly13 billion VND (596,000 USD) in the last six months.

In termsof growth, Horizon Securities recorded the most impressive results. Itclimbed from losses of 2.3 billion VND (106,000 USD) in the secondquarter last year to a profit of 5 billion VND (230,000 USD) in thesecond quarter this year and 4.2 billion VND (193,000 USD) in the firsthalf of the year.-VNA
Follow VietnamPlus

See more

A panel discussion at the Meet Australia 2026 programme on May 19 (Photo: VNA)

Meet Australia 2026 promotes sustainable partnership opportunities

Meet Australia 2026 is not only a trade and investment promotion event but also a forum connecting trust, vision and action between Vietnam and Australia, as well as between national-level cooperation orientations and development needs of localities and businesses from both countries.

A customer purchases E10 biofuel petrol at a PVOIL station on Thai Thinh street in Hanoi. (Photo: VNA)

Authorities ordered to closely monitor rollout of E10 biofuel from June 1

According to the agency, the move is aimed at ensuring the effective and synchronised implementation of the E10 transition roadmap under Circular No. 50/2025/TT-BCT, issued by the Ministry of Industry and Trade on November 7, 2025. The plan seeks to avoid delays or supply disruptions that could affect the domestic fuel market.

Vietnamese Trade Counsellor in India Bui Trung Thuong speaks at the forum. (Photo: VNA)

Vietnam, India promote digital economy cooperation towards 25 bln USD trade target

With the strengthened Comprehensive Strategic Partnership, the rapid growth of digital economies in both countries and complementary strengths in technology, manufacturing and markets, Vietnam and India are well positioned to build a deeply connected digital trade ecosystem and enhance their participation in global value chains.

“Vietnam Economic Day” in St. Petersburg attracts crowds (Photo: VNA)

Vietnam showcases economic potential, investment opportunities in St. Petersburg

Vietnamese Ambassador to Russia Dang Minh Khoi stressed that economic cooperation between Vietnam and Russia is entering a new phase with promising opportunities for growth. He praised this year’s programme for combining a business roundtable, a youth business forum and traditional cultural and culinary activities, creating both an academic platform for dialogue and an opportunity to deepen mutual understanding between the two countries' people.

Lien Minh Agricultural Cooperative in Thai Nguyen province, provides stable employment for hundreds of its members. (Photo: VNA)

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Milk collection at a dairy farm operated by Vinamilk at the Nhon Tan concentrated farming zone in An Nhon Tay commune, Gia Lai province. (Photo: VNA)

Self-reliance in raw materials fuels Vietnam’s dairy growth

The strategy targets annual industry growth of 12-14% by 2030, with processed liquid milk output reaching 4.2 billion litres annually. Domestic fresh milk production is projected to hit 2.6 billion litres per year, meeting 60-65% of processing demand, while milk powder output is expected to reach 245,000 tonnes annually. Per capita milk consumption is targeted at 40 litres per year.

Quang Ninh gives in principle approval to first offshore wind power plant

Quang Ninh gives in principle approval to first offshore wind power plant

Covering an area of 11.95 ha of land and water surface, the project is expected to have a designed capacity of 50 MW and will be implemented in nearshore waters of the Co To special zone. Its key components include wind turbines, a substation, a 110kV transmission line, and related auxiliary facilities.

At Nghi Son 2 thermal power plant in Thanh Hoa province. (Photo: VNA)

Vietnam’s national standards strategy for 2026–2035 approved

The strategy envisions a modern, open standards system welded to international norms, serving as a piece of soft institutional infrastructure, a policy tool and a technical backbone for state governance. It also casts standards as an engine of innovation, digital transformation, green transition and sustainable development.

Shrimp harvesting in Ca Mau province (Photo: VNA)

Vietnamese shrimp sector seeks distinct path in global race

Nguyen Duy Hoa, Deputy Technical Director of Cargill Vietnam, said Vietnam cannot compete with Ecuador on costs nor match India in scale. Instead, the country should focus on value rather than volume or price competition, prioritising quality improvement, technology adoption and value-added products.

Wind turbine No. 3 at the V1-3 site of the Duyen Hai Wind Power Plant in Truong Long Hoa ward, Vinh Long province.(Photo: VNA)

Retail market seen driving double-digit growth

Domestic consumption is being regarded as one of the key drivers for sustaining economic growth. Following the Government’s Resolution No. 88/NQ-CP on promoting the domestic market and stimulating consumption, many retailers have accelerated the expansion of distribution systems, invested in technology and improved supply chains.

Cargo containers are handled at Gemalink International Port, Ho Chi Minh City. (Illustrative photo: VNA)

Government delegation for international economic, trade negotiations established

The delegation is tasked with assisting the Prime Minister in directing ministries, sectors and localities in the negotiation, signing, coordination of ratification and approval, as well as implementation of international treaties and agreements on economic and trade matters involving the Vietnamese State and Government.

Lotte Mart Vietnam is currently distributing around 900 private-label products manufactured in Vietnam under the retailer’s strict quality control. (Photo: VNA)

RoK steps up trade cooperation with Vietnam, Malaysia

The Korean business delegation's trip aims to provide Korean firms with information on import – export trends across the ASEAN region and developments in local markets, while also offering opportunities to explore the latest industry trends and technologies.

An overview of the Vietnam-China Green Industry Cooperation and Exchange Programme held in Beijing.(Photo: VNA)

Vietnam, China boost cooperation in green industry development

The Vietnamese Embassy in China, in coordination with the International Cooperation Centre under China’s National Development and Reform Commission (NDRC), on May 18 organised the Vietnam–China Green Industry Cooperation and Exchange Programme in Beijing to strengthen policy exchanges, share experience, and promote substantive cooperation in green industry amid climate change and growing global environmental challenges.