Vietnam Stock Exchange’s revenue down nearly 44% in 2023
The Vietnam Stock Exchange (VNX) reported revenue of over VND1.92 trillion (US$78.26 million) in 2023, down nearly 44% compared to the previous year.
Of the figure, nearly VND1.86 trillion, or 97% came from investment activities in the two subsidiary companies - the Ho Chi Minh Stock Exchange (HoSE) and the Hanoi Stock Exchange (HNX), which contributed over VND1.39 trillion and nearly VND462 billion, respectively.
The VNX’s expenses in the year totaled VND26.7 billion, falling by over 96% compared to the previous year, helping its after-tax profit in 2023 decrease by only nearly 10% compared to 2022 to over VND1.88 trillion.
Established in February 2021, the VNX has a charter capital of VND3 trillion. It operates as a single-member limited liability company wholly owned by the State.
Its revenue and after-tax profit hit over VND2.05 trillion and nearly VND1.34 trillion in 2021, and VND3.42 trillion and nearly VND2.09 trillion in 2022.
The VNX became an official member of the World Federation of Exchanges (WFE) in September 2023, marking an important step forward in international integration and cooperation of the VNX, contributing to promoting and attracting foreign investment in the domestic stock market.
