Overcoming obstacles for dual goals

ngoc nHAt

Hana Bank donates VND6 billion to Covid-19 Vaccine Fund

On 14 July 2021, at the headquarters of the Central Committee of the Vietnam Fatherland Front, Hana Bank - the strategic partner of BIDV - made a donation of VND6 billion (around USD260,000) to Vietnam’s Covid-19 Vaccine Fund.

In response to the call of President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh for the country’s fight against the Covid-19 pandemic, Hana Bank donated VND6 billion to the Fund via the account opened at the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV).

Mr. Nguyen Huu Dung, Vice Chairman of the Central Committee of the Vietnam Fatherland Front, expressed his thanks and spoke highly of Hana Bank’s support to Vietnam’s Covid-19 response. This donation will provide more resources to Vietnam’s vaccine supply program, thus more people will be vaccinated and disease prevention measures could successfully be implemented. Not only for economic development cooperation, the contribution of Korean businesses to Vietnam’s community activities also help to foster the friendship and promote the cooperation between the two countries.

Representatives of Hana Bank, BIDV and Central Committee of the Vietnam Fatherland Front pose for a photo in Hanoi

Mr. Ham Jin Sik – Director of Hana Bank Hanoi Branch said: “It’s our honour to contribute to the Covid-19 Vaccine Fund and join hands with the Government and people of Vietnam to achieve the "dual" goal of preventing the pandemic and ensuring production and business development, therefore contributing to the overall growth of the Vietnamese economy. Hana Bank and BIDV will continue to stand side by side with the Vietnamese people to overcome the pandemic.”

Hana Bank is a member unit of Hana Financial Group - one of the largest financial groups in Asia, providing comprehensive financial - banking products. In November 2019, upon the approval of the Governments and competent authorities of Vietnam and South Korea, KEB Hana Bank, now Hana Bank, officially became the foreign strategic shareholder of BIDV. The companionship and sustainable development between Hana Bank and BIDV contributes to the cooperation of the leading enterprises in Vietnam and South Korea, further promoting diplomatic relations and laying solid foundations for long-term economic and social relations between the governments and people of the two countries.

Vu Ky

BSC surpasses business plan

BSC posted pre-tax profit of VND216 billion (USD9.4 million) in the first six months of 2021, fulfilling 120 percent of the business plan in 2021.

On 20 July 2021, the BIDV Securities Joint Stock Company (BSC, stock ticker: BSI) announced a half-year business performance report with pre-tax profit of VND216 billion, meeting 120 percent of the business plan in 2021.

According to the financial statement, BSC's operating revenue in the second quarter of 2021 reached more than VND347 billion (USD15.1 million), 1.4 times higher than the same period last year. Accumulated operating revenue of the company in the first 6 months hit VND615 billion (USD26.7 million) with a good increase in all 3 segments: brokerage, financial advisory and proprietary trading.

BSC's pre-tax profit in the second quarter of this year hit VND145.6 billion (USD6.3 million), 1.5 times higher than the same period last year. The accumulated pre-tax profit in the first 6 months of 2021 reached VND216 billion, surpassing 20 percent against the business plan as approved by the company’s General Meeting of Shareholders. Such results reflect BSC's great efforts in improving the quality of products and services, especially in the securities brokerage segment with the introduction of a series of new features such as online securities account opening application, eKYC technology, trading advisory and customer support on Zalo platform (Zalo Securities BSC), deploying the function of transferring/depositing money to securities accounts quickly through the identification number 9618, etc.

According to the announcement of Hanoi Stock Exchange (HNX) and Ho Chi Minh City Stock Exchange (HoSE), BSC is among the Top 8 securities companies with largest derivatives brokerage market share, the Top 2 securities companies with the largest government bond brokerage market share on the HNX and Top 10 among securities companies with the largest stock and fund certificate brokerage market share on HoSE in the first six months of 2021.

In addition to business effort, BSC also implements many social security activities such as making donation to the Covid-19 vaccine fund, sponsoring RMIT Research Challenge, etc.