Vietcap Securities and VNDirect both made mistakes

Vietnam Securities Depository and Clearing Corporation (VSDC) has just issued a decision to suspend securities depository activities of Vietcap Securities Joint Stock Company (stock code: VCI) from June 18 to June 20. Vietcap is chaired by Ms. Nguyen Thanh Phuong.

The suspension includes: Suspension of securities deposit, securities freezing and securities transfer outside the securities trading system, except for cases of securities freezing at the request of competent State agencies; securities transfer outside the securities trading system associated with ownership rights; account settlement transfer and transaction payment transfer.

The reason is that Vietcap was reprimanded twice in June by VSDC for violating regulations on clearing and settlement of securities transactions. The company corrected errors nine times after trading on HoSE and six times on HNX in May.

At the same time, VSDC issued a reprimand to VNDirect Securities Corporation (stock code: VND) for the same reason. This securities company corrected errors 7 times after trading in May on HoSE.

In the first quarter of the year, Vietcap achieved revenue of nearly VND851 billion, up nearly 6% over the same period last year. Revenue mainly came from profits from the sale of financial assets recognized through profit/loss (FVTPL) and profits from loans and receivables. These activities all grew strongly compared to the same period last year. In contrast, securities brokerage decreased by 18% to VND149 billion.

After deducting all expenses, Vietcap achieved after-tax profit of nearly 295 billion VND, up 49% over the same period.

Meanwhile, VNDirect's first quarter revenue decreased by 9% to VND1,258 billion, and after-tax profit reached VND382 billion, down 38% compared to the same period last year.

Source: https://dantri.com.vn/kinh-doanh/chung-khoan-vietcap-va-vndirect-cung-mac-loi-20250619142800734.htm