Business

Vietnam Stock Exchange’s revenue down nearly 44% in 2023

The Vietnam Stock Exchange (VNX) reported revenue of over 1.92 trillion VND (78.26 million USD) in 2023, down nearly 44% compared to the previous year.
Vietnam Stock Exchange’s revenue down nearly 44% in 2023 ảnh 1Illustrative image (Photo: https://congthuong.vn/)

Hanoi (VNA) - The Vietnam Stock Exchange (VNX) reported revenue of over 1.92 trillion VND (78.26 million USD) in 2023, down nearly 44% compared to the previous year.

Of the figure, nearly 1.86 trillion VND, or 97% came from investment activitiesin the two subsidiary companies - the Ho Chi Minh Stock Exchange (HoSE)  and the HanoiStock Exchange (HNX), which contributed over 1.39 trillion VND and nearly 462 billion VND,respectively.

The VNX’s expenses in the year totaled 26.7 billion VND, falling by over 96%compared to the previous year, helping its after-tax profit in 2023 decreaseby only nearly 10% compared to 2022 to over 1.88 trillion VND.

Established in February 2021, the VNX has a charter capital of 3 trillion VND.It operates as a single-member limited liabilitycompany wholly owned by the State.

Its revenue and after-tax profit hit over 2.05 trillion VND and nearly 1.34trillion VND in 2021, and 3.42 trillion VND and nearly 2.09 trillion VND in2022.

The VNX became an official member of the World Federation ofExchanges (WFE) in September 2023, marking an important step forward ininternational integration and cooperation of the VNX, contributing to promotingand attracting foreign investment in the domestic stock market./.

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