AsemconnectVietnam - With many strong and drastic solutions to remove difficulties for businesses that the Government is implementing, the stock market is gradually stabilizing and recovering. Tri Viet Securities Joint Stock Company (HoSE: TVB) has prepared resources ready to seize new opportunities.

On June 17, 2023 TVB held an annual general meeting of shareholders to pass many important resolutions. Before the meeting, the Company received the license to adjust "The License for Establishment and Operation of Securities Company" No.49/GPDC-UBCK of the State Securities Commission, which contains the content of changing the legal representative from Mr. Pham Thanh Tung to Ms. Tran Thi Rong, General Director of the Company.
With a charter capital of VND1,129 billion, a healthy financial picture with almost no debt, TVB is likely to make a strong comeback when the stock market recovers.
Market reality shows that the number of new investor accounts opened in May 2023 has increased again by 100,000, bringing the total number of securities accounts in Vietnam to approximately 7 million, accounting for 7% of the population. The trading value of sessions has increased gradually from April, May and from the beginning of June until now, it has maintained VND16,000-VND17,000 billion/session. This is a positive sign, showing that individual investors have somewhat regained their confidence in the market after the big break in the fourth quarter of 2022.
The market trend in the second half of 2023 and in the medium and long term is considered to be positive although the market may rise and fall with many intertwined spans. This is a positive indicator for the activities of securities companies, of which TVB is a member.
Up to this point, it can be said that TVB has consolidated the Board of Directors, implemented solutions to stabilize operations, and improve the quality of services provided to investors. All employees of the Company are united and strive to overcome difficulties; the Company's operations are operated smoothly, stably and continue to develop.
Regarding financial capacity, TVB always ensures payment of its obligations to customers. For example, in the first quarter of 2023, the Company paid more than VND110 billion of bond principal and interest to investors ahead of time and on time. Specifically, on February 28, 2023, the Company bought back Tcorp 6.1 bonds, phase 2, for VND65.51 billion before maturity. On April 6, 2023, the Company closed the first installment of Tcorp 6.1 bonds due to maturity of VND47.93 billion. This demonstrates TVB's solid financial capacity and commitment to investors.
Previously, in the context of the stock market entering the "bear" period in early 2022, TVB decided to collect debts and reduce margin lending from more than VND1,000 billion to VND300 billion. This helps the Company not to have bad debts from margin lending activities.
According to the trend and experience of developed economies in the world, the scale of Vietnam's stock market will increase again with the increasing participation of individual investors and the growth of GDP and interest in financial investment channels. It is forecasted that the number of new accounts opened in the next 3-5 years will reach around 100,000 accounts/month, especially with eKYC technology which makes it easy to open securities accounts online and enter the market.
Grasping this trend, TVB has long prioritized investment in the technology system, ensuring safe and convenient transactions with customers, eKYC technology has been put into application by the Company by the end of 2022. Actively implementing digitalization of operations, TVB continues to review and improve products and sales channels to bring the best service and experience to investors.
With a solid financial foundation, a team of qualified and committed personnel, and a well-invested technology system, TVB is ready to meet new opportunities on the stock market, along with the sustainable and long-term development with market members.
N.Nga
Source: VITIC/Tinnhanhchungkhoan