BSC sustains breakthrough growth

Huu tHanH

In 2021, BIDV Securities Company (BSC) continued to achieve breakthroughs in all areas of business namely brokerage and margin lending, financial consulting, and proprietary trading.

BSC has fulfilled the dual goal of ensuring the health and safety of its employees and completed the business plan. BSC's operating revenue hit more than VND1,333 billion (USD58.7 million), with profit before tax reaching VND435.58 billion (USD19.2 million), 2.7 times higher than that in 2020 and 2.4 times higher than the business plan as approved at the April General Meeting of Shareholders.

Brokerage and margin lending continued to be a prominent contributor with revenue of VND810 billion (USD35.7 million), 2.2 times higher than 2020. Proprietary trading recorded a profit of VND190 billion (USD8.4 million), in which the stock investment generated an outstanding rate of return. Financial consulting activities also posted outstanding results with revenue of VND76 billion (USD3.4 million).

In 2021, BSC launched premium consulting services to large enterprises and corporations, with a series of successful bond issuance advisory transactions which were highly appreciated by partners including Becamex IDC, Becamex ITC, Novaland Group, Hung Thinh Land, Intracom, Vietinbank... The total value of bonds issued under BSC’s advisory in 2021 hit more than VND10 trillion (USD440.5 million). For capital market services, typical consulting transactions included Vietnam Airlines charter capital increase by VND8 trillion (USD352.4 million) to more than VND22 trillion (USD969.2 million). BSC was selected as the capital consultant for Long Thanh International Airport investment project (ACV). In the year, BSC launched diverse securities investment consulting services to improve customer experience such as: opening securities accounts online with eKYC technology, Transaction consulting and customer support on Zalo platform (BSC Zalo), quick sending/depositing money into securities accounts via the number series 9618… with the goal of promoting cross-selling in BIDV system, BSC deployed securities transaction support points to 189 branches of BIDV.

with positive business performance and improved product and service quality, in 2021 BSC was honored with many awards by prestigious

organizations such as Best Investment Management Company (Global Banking and Finance - a prestigious magazine in the UK on criteria of quality of consulting services, stock and bond investment activities in Vietnam in 2021. BSC has cemented its position in the Top 10 securities companies with the largest market share by stock brokerage, fund certificates and covered warrants; the leading securities company with the largest brokerage market share of government bonds on the Hanoi exchange; Top 10 securities companies with the largest brokerage market share in the derivatives market, among others.

The stock market is expected to continue drastic changes in 2022. A new securities trading system (KRX) will officially be put into operation in the first half of 2022 will be a foundation for the introduction of new products and features such as selling securities within the day (T+0) and selling pending securities. The new trading system will also help to solve the bottlenecks in cash margin trading, thereby upgrading the market and increasing the chances to be in the FTSe in 2022 - 2023 and MSCI in 2023 - 2024.

The successes achieved in 2021 have laid solid foundations for BSC to grow stronger in 2022 and beyond. BSC said it will continue to improve management capacity, financial capacity, ensure sustainable development goals and deliver the best values to customers, shareholders and make significant contributions to the community and society. with a vision to become an investment bank, BSC is set to provide customers with a diversified and full range of products and services, expanding sales channels including wholesale and retail through transaction offices and support points across the country.

The company will also boost the digital transformation in line with the development trend of the stock market, investing significantly in people and information technology systems to bring the best, fast and convenient experiences to customers on the digital platform. BIDV Securities Company (BSC) was founded on 18 November 1999, and is now one of the leading and prestigious securities companies in Vietnam. The company was specialized in providing financial services and investment products to institutional and individual investors, domestic and foreign investment funds and banks. In 2010, BSC was equitized, becoming a joint stock company. BSC has increased its charter capital many times to serve its business activities. The company's current charter capital is VND1,221 billion (USD53.8 million).