Business

Securities firms report improved results in Q1

Recently released financial reports show the earnings of securities companies were positive in the first quarter of 2021.
Securities firms report improved results in Q1 ảnh 1Earnings of securities companies were positive in the first quarter of 2021. (Photo: VNA)
Hanoi (VNS/VNA) - Recently released financial reports show the earningsof securities companies were positive in the first quarter of 2021. 

BaoViet Securities Company (BVS) said the company earned 212.7 billion VND in thefirst quarter, up 148.5 percent year-on-year. 

Thefirm posted a profit after tax of 63.7 billion VND in the same period, while itlost 22.7 billion VND last year. 

Thepositive business results were mainly driven by self-trading, Bao Viet stated.Of which, the company posted a profit of 52.36 billion VNDin financial assets at fair value through profit or loss (FVTPL) inthe first quarter, up 3.75 times against the same period last year. 

Asof March 31, the value of FVTPL's portfolios was 162.7 billion VND, down 364billion VND compared to the beginning of the year, mostly due to the reductionin bonds. 

Profitfrom held to maturity (HTM) short-term investments also increased 34 timescompared to the first quarter of 2021 to 4.9 billion VND. 

Thegood results also received support from securities brokerage as revenuefrom such activities was 3.4 times higher than that of last year to hit 85.87billion VND. 

In2021, BVS set a target of 661 billion VND in total revenue, with a profit aftertax of 133 billion VND. 

Similarly, MiraeAsset (Vietnam) Finance Company saw record results in the first quarter.The company witnessed a record increase of 72 percent year-on-year to 521.76billion VND, leading to a record gain of 90.5 percent in profit to 167.7billion VND. 

Lendingactivities and securities brokerage contributed to the gain in itsfinancial results. Of which, profit from lending activities andreceivables increased 41 percent against the same period last year to 267.2billion VND, while the revenue of securities brokerage reached 143.2billion VND, up 250 percent compared to the first quarter of 2020.

Thegood performance was also boosted by a profit of 79.8 billion VND in FVTPL, upnearly 162 percent.

VNDirectSecurities Corporation (VNDIRECT, VND) also recorded higher profit inthe first quarter.

Accordingto its quarterly financial report, VNDIRECT's total revenue climbed 132.7 percentyear-on-year to top 1.06 trillion VND in the first quarter, resulting in anincrease of nearly 725 percent to 482.5 billion VND in profit after tax. 

Duringthis period, the securities firm's highest profit was from FVTPL, up 239 percentagainst last year to 423.4 billion VND. This figure was followed by revenueof securities brokerage and profit from lending activities andreceivables, up 236 percent to 268.3 billion VND and 82 percent to 172.8billion VND, respectively.

Revenuesfrom underwriting, stocks issuing agent and securities investmentadvisory activities posted significant growth in the first quarter. 

Inthe report, VNDIRECT explained the outstanding growth was thanks to therally in the market benchmark VN-Index that rose more than 63 percent in thefirst quarter to 1,191.44 points. The gain in the index boosted profit inFVTPL and available for sale (ASF) investments, as well as the total tradingvalue of investors which increased more than 80 percent during the period./.
VNA
#financial reports #securities companies #Bao Viet Securities Company #positive business results #self-trading #Vietnam News Agency #Vietnamplus
Follow VietnamPlus

Related News

See more

Promoting stronger foreign direct investment (FDI) inflows is considered an important solution to help drive economic growth. (Photo: VNA)

Vietnam emerges as hub for high-quality FDI

Vietnam is gradually becoming a strategic destination for high-quality global FDI. Investment flows are increasingly directed toward sectors such as high-tech manufacturing, electronics, digital infrastructure, modern logistics, and industries that are closely linked to global supply chains.

Shrimp processing for export at Huy Nam company, An Giang province. (Photo: VNA)

Fisheries sector proactively adjusts to emerging challenges

In addition to food safety regulations, the US continues to closely monitor the origin of imported seafood through the Seafood Import Monitoring Programme (SIMP) administered by the National Oceanic and Atmospheric Administration (NOAA). Requirements linked to the Marine Mammal Protection Act (MMPA) are also a major concern for businesses.

Pham Van Cong, Chairman of the Vietnam Cashew Association, speaks in a conference reviewing the industry’s 2025 performance and deploying procurement plans for 2026 in HCM City on March 13. (Photo: VNA)

Cashew sector braces for challenges in 2026 amid global uncertainties

Vietnam’s cashew industry recorded export turnover of about 5.5 billion USD in 2025, the highest level ever. He noted that the result reflects the industry’s remarkable development, dynamism and timely adaptation to complex and unpredictable challenges both domestically and globally.

An Phát Complex Industrial Park in Hai Phong City is one of the eco-friendly industrial parks. (Photo: VNA)

Green industrial parks become new magnet for FDI

Statistics show that about 80% of FDI enterprises prioritise investing in industrial parks with green energy infrastructure, reflecting a growing shift in investment preferences amid tightening global environmental standards.

Wood panel production at the Thuan An Wood JSC in Ho Chi Minh City (Photo: VNA)

Vietnamese businesses ride wave of investment in green manufacturing

Recent developments in private investment show that as confidence in the private sector has grown and is a key driver of economic development, investors are strengthening support for enterprises not only through capital but also management expertise and market connectivity.

Officers and soldiers of Son Tra Border Guard Station, Da Nang City Border Guard Command tell local fishermen about IUU fishing. (Photo: VNA)

Fishing solidarity groups help Vietnam with IUU “yellow card” warning removal

Over the years, coastal authorities in Da Nang have intensified efforts to educate fishermen about regulations, particularly the need to avoid illegal fishing in foreign waters. Local administrations and competent forces have also strengthened vessel registration and inspection procedures, installed vessel monitoring systems and ensured transparent declarations of catches at ports.