Wednesday, May 16, 2007

Country's securities companies cleaning up

Almost 50 securities companies currently operating in Viet Nam are recording sky-high profits, according to their released balance sheets.

The Saigon Securities Incorporation (SSI) topped the list, earning a first-quarter profit of 465 billion VND, followed by the Bao Viet Securities Company with 123 billion VND.

According to experts, securities companies have proved to be extremely effective even as the markets have gone through a period of slight readjustment.

The trend to set up securities companies in the country remains high as more than 30 submitted applications for licenses are currently awaiting State Securities Commission approval.

Source: VNA

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