The Vietnam Stock Exchange (VNX) reported revenue of 1,808 trillion dong in the first half of the year, a decrease of more than 9% compared to the same period last year, according to its consolidated financial statement. Nearly 93% of this revenue came from securities trading services. The remainder was generated from listing services, auction fees, and online connectivity.

After deducting expenses, VNX recorded a pre-tax profit of 1,284 trillion dong and a post-tax profit of 1,027 trillion dong. The financial report shows that VNX allocated 97.6% of its post-tax profit (equivalent to 1,003 trillion dong) to the state budget, with the remaining amount going to reward and welfare funds.

VNX's performance decline mirrors the market's liquidity trend in the first half of the year. According to VnExpress statistics, the average monthly trading value across the three exchanges (HoSE, HNX, and UPCoM) reached 21,084 trillion dong, a nearly 15% decrease compared to the same period last year.

However, VNX's financial indicators are likely to improve significantly in the second half of the year due to the strong inflow of capital into the stock market, pushing the VN-Index to consecutive record highs. Average daily trading value in July reached approximately 35,000 trillion dong and continued to rise to nearly 46,000 trillion dong in the first half of August. The market also witnessed some sessions with explosive liquidity exceeding 70,000 trillion dong.

In its plan submitted to the Ministry of Finance at the end of 3/2025, VNX set a revenue target of 4,432 trillion dong and a pre-tax profit of around 3,306 trillion dong for this year. Compared to the previous year, these targets represent double-digit growth. After six months, the exchange has achieved approximately 40% of its plan.

VNX has been operating since mid-2021 after the merger of the Ho Chi Minh City and Hanoi stock exchanges into two subsidiaries. VNX has a charter capital of 3,000 trillion dong, wholly owned by the Ministry of Finance on behalf of the state. As of the end of June, its total assets exceeded 4,200 trillion dong.

Phuong Dong