Under Mr. Le Hai Tra, HoSE spends 500 billion to monitor the market in 2021
The newly published annual report of the Ho Chi Minh Stock Exchange (HoSE) shows that HoSE’s revenue is formed from 3 main activities including: revenue from professional activities; revenue from service provision activities; financial income.
In 2021, Mr Le Hai Tra held the position of General Director and HOSE’s total revenue reached over 3,237 billion VND, an increase of 2,185.46 billion VND, equivalent to an increase of 208% compared to 2020 and reached 187% compared to the year plan. In which, revenue from professional activities accounted for the majority of HoSE’s revenue structure, equivalent to 92.23%, reaching more than 2,985 billion VND, up 228.8% compared to 2020.
According to HoSE, the growth in revenue from operations this year was driven by the growth of securities trading. In addition, service provision revenue also recorded a growth of over VND 110.78 billion, equivalent to an increase of 30.87% compared to 2020. However, financial revenue in 2021 recorded reached 51.37 billion dong, down 12.58% compared to 2020
HoSE’s total cost in 2021 is 701.34 billion VND. 494.86 billion VNDan increase of 241.7% compared to 2020.
HoSE explains that the above cost fluctuates proportionally to the revenue from securities trading activities. The cost of tools and equipment for depreciation of fixed assets accounted for 8.37% of the total cost at 58.72 billion VND, up 5.4% compared to last year. The cost of wages and other payables for employees increased by 12.3%, accounting for 11.9% of total costs. The remaining costs account for 9.17% of HoSE’s total cost structure in 2021.
In 2021, HoSE will pay about VND 2,315.8 billion to the state budget and superior agencies, an increase of 356.4 percent compared to 2020. In which, corporate income tax is VND 507.3 billion, an increase of more than VND 369 billion, equivalent to nearly 267% compared to 2020.
Ms. Nguyen Thi Viet Ha – Acting Chairman of HoSE – said, 2021 Vietnam stock market had a breakthrough year, strong growth and led ASEAN in terms of growth in trading value and capitalization on the stock market. VN-Index set a new peak with 1,500.81 points, the highest in 21 years of market operation.
The stock market capitalization on HoSE at the end of 2021 will reach more than 5.8 million billion VND with 46 listed companies with capitalization of over 1 billion USD, of which 3 companies have capitalization over 10 billion USD. More than 49,000 billion VND has been mobilized through the stock market, an increase of more than 5 times compared to 2020.
On the afternoon of May 18, the Central Committee of Economic Affairs decided to expel Mr. Le Hai Tra from the Party, Secretary of the Party Committee, General Director of the Ho Chi Minh City Stock Exchange (HoSE). Before that, in March 2022, the Central Audit Committee concluded that Mr. Le Hai Tra and a number of other individuals from the Party Committee of the State Securities Commission had violated the principle of democratic centralism and the working regulations; lack of responsibility, loose leadership and direction, lack of inspection and supervision, so that some organizations and individuals under the Committee have many violations and shortcomings in advising on the development of institutions, policies and practices. perform the state management of securities activities and the stock market, so that some organizations and individuals violate the law, manipulate the market, and gain illicit profits.
In a related development, on the evening of January 18, 2022, rumors spread on social networking sites about Mr. Le Hai Tra being arrested by the police at 6pm on the same day. At that time, HoSE issued a statement denying this rumor.
Tran Chung
at Blogtuan.info – Source: vietnamnet.vn – Read the original article here
