The Vietnam Stock Exchange: On Track for Success with 41% of Annual Tax Profit Target Met in Just One Quarter

The majority of VNX’s revenue comes from investment activities in its subsidiaries, totaling almost VND 573 billion. HOSE and HNX, its two subsidiaries, contributed nearly VND 449 billion and VND 124 billion, respectively. Additionally, financial activities generated approximately VND 12 billion, while business operations brought in VND 630 million. After deducting expenses and tax liabilities, VNX’s net profit was nearly VND 575 billion.

Source: Vietnam Stock Exchange (VNX)

For 2024, VNX has set a target of nearly VND 2,797 billion in total revenue and over VND 1,423 billion in net profit. As of the first quarter, VNX has achieved 21% of its revenue target and 41% of its net profit goal.

In 2024, VNX aims to continue its close collaboration with specialized units of the State Securities Commission (SSC), and its subsidiaries to finalize and submit to the SSC for approval, the issuance of business regulations. The company will proactively review its business regulations to align with legal changes and the technical requirements of the KRX information technology system. Additionally, VNX will provide feedback and contribute to the development of decrees, circulars, and other legal documents by the regulatory authorities.

Regarding market operations, VNX will implement improvements to the VN30 index, as approved by the SSC, and launch the VN100 index futures contract.

Simultaneously, VNX will undertake tasks related to member management, market surveillance, investment, information technology applications, and international cooperation, in addition to internal governance-related activities.

Huy Khai