Its 2022 expenses dropped 20% to VND562 billion, resulting in a pre-tax profit of VND1,946 billion, which was still 23% below the previous year.

The lower revenue and profit were attributed to a decline in trade volume. The average daily trading volume slid 9% year-on-year to over 693.6 million shares, while the average daily trading value dipped 22% to nearly VND17.2 trillion compared to 2021.

Despite internal and external woes faced by Vietnam’s economy in 2022, HOSE described the year as stable for the Vietnamese stock market. Many public companies reported profits, and both foreign and domestic investors actively participated in the market.

Equity financing increased by 16.5% to over VND57.1 trillion compared to 2021. By the end of 2022, there were 515 listed stocks with a total volume of 143.75 billion shares. The market capitalization reached VND4 quadrillion (US$170 billion), equivalent to 42.2% of the nation’s 2022 gross domestic product.

Foreign investors’ net share purchases totaled nearly VND26.7 trillion throughout the year.

Source: Saigon Times