Outside the Ho Chi Minh Stock Exchange (HoSE) in HCM City (Photo: baodautu.vn)
Hanoi (VNA) - The Ho Chi Minh Stock Exchange (HoSE)’s pre-taxprofits increased 19 percent year-on-year in the first six months to 238billion VND (10.3 million USD).
There was also a rise in itsrevenues, which climbed 17 percent to 380 billion VND, according to the exchange’s newlyreleased half-yearly statement.
Transaction charges accountedfor 85 percent of its revenues. The rest was revenue from trading softwareusage, other commercial operations and services and listing fees.
HoSE is a State-ownedenterprise under the Ministry of Finance, operating under the model ofone-member limited liability company.
The exchange targets to earnnearly 810 billion VND in revenue and 453 billion VND in profit. It set out important tasks this year, includingrenewing the governance and preparing for the merger of two stock exchangesHoSE and HNX, perfecting the system of regulations, processes and professionalguidance for the revised Law on Securities taking effect from thebeginning of 2021.
HoSE said it would develop themarket towards larger size, promoting liquidity while improving thequality of listed businesses.
By the end of June, the boursehad 380 listed shares, three closed-end fund certificates, four ETFcertificates, 76 guaranteed warrants and 43 listed bonds.
The total value of theexchange’s market capitalisation reached more than 2.87 quadrillion VND,equivalent to 39.81 percent of Vietnam’s2019 GDP./.
