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A year of many scandals, HoSE reported trillions of profits, leaders were expelled from the Party

In 2021, the HoSE stock exchange continuously experienced many network problems, leading to many transactions being blocked, causing many frustrations for investors. There are even times when the exchange has to suspend transactions to fix errors.

The incident took place on the morning of June 8, 2021, the VN-Index hung for more than 2 hours and returned at the end of the morning session of the same day. As a result, the VN-Index, which is increasing 6 points, returns 11 points down.

Not only that, when the market is plunging, many investors fall into a state of psychological panic, all attempts to correct or cancel orders are not allowed.

Closing that session, the VN-Index officially dropped 38.49 points (2.86%), the liquidity was more than 30,000 billion dong. Not only that, the red color is spreading to HNX and HNX30 basket when these two exchanges decreased by 12.25 points and 25.75 points, respectively.

According to some experts, the congestion of the HoSE network will make foreign investors afraid because of the risk of buying but not selling.

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Ho Chi Minh City Stock Exchange

The same problem related to the network system repeated on January 10, 2022. Explaining this incident, the Ho Chi Minh City Stock Exchange said that it was due to the instability of the Gateway – UDP system (the system that returns market information to securities companies).

At that session, the stock market fell deeply, speculative stocks were sold out strongly, many investors were panicking when a series of price lists of securities companies were “stagnated”, re-” blocking orders” to buy and sell stocks on HoSE.

Closing the session on January 10, the VN-Index dropped nearly 25 points to 1,503.71 points, with more than 1.38 billion shares matched on HoSE.

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Mr. Le Hai Tra

In the face of a prolonged and scandalous HoSE order blocking situation, on June 10, 2021, Finance Minister Ho Duc Phuc requested the Inspector of this Ministry to urgently carry out an inspection of the Ho Chi Minh City Stock Exchange. Ho Chi Minh City.

Not leading to a scandal related to trading activities on HoSE in 2021, in March 2022, the Central Audit Committee concluded that Mr. Le Hai Tra, Secretary of the Party Committee, General Director of the Ho Chi Minh City Stock Exchange and some other individuals of the Party Committee of the State Securities Commission for violating 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.

On May 18, the Central Inspection Committee decided to expel him from the Party Le Hai Trathe cause has not been officially announced.

Stock market 2021 is the most exciting year in the 21 history of Vietnam’s stock market. For the first time, the VN-Index reached over 1,500 points for the first time.

The Ho Chi Minh City Stock Exchange has just announced that this unit will achieve a profit of over VND 2,500 billion in 2021 and a revenue of more than VND 3,237 billion, 3 times higher than the performance in 2020 and reaching 187% compared to the previous year. proposed plan.

Specifically, revenue from professional activities reached 92.23%, reaching more than 2,985 billion VND, doubled over the same period last year. In addition, revenue from service provision reached VND 110.7 billion, up 30.87%.

Meanwhile, the expense recorded by HoSE doubled compared to 2020 at VND 701.3 billion, of which the cost of market monitoring accounted for 70.6%. However, this is a cost that fluctuates in proportion to the revenue in securities transactions.

The year 2021 will record the unprecedented excitement of the Vietnamese stock market when the VN-Index successfully conquered the level of over 1,500 points, the highest in the 21-year history of operation.

Thanks to the unprecedented excitement, securities companies experienced a year of strong growth in revenue and profit.

Technological and Commercial Securities (TCBS) recorded a revenue of the fourth quarter of 2021 reaching VND 1,495 billion, pre-tax profit of VND 963 billion, up 94% and 73% respectively over the same period last year. Full-year revenue reached VND 5,195 billion, up 59%, profit before tax reached VND 3,810 billion, up 42% compared to 2020

The giant SSI also recorded a profit of the fourth quarter of 2021 before tax increased by 112.6%, reaching VND 1,264,3 billion on total revenue of 7,772.6. Profit before tax for the whole year of 2021 is estimated to reach far higher than the target of 1,870 billion VND and double the profit result of 2020 at 1,558 billion VND. This is the highest profit of SSI during 21 years of operation.

Ngoc Cuong

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