CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
Dragon Capital becomes major shareholder in Vietnam's No.1 brokerage
Nguyen Tung 15:06, 2019/01/04
In addition to SSI, Dragon Capital is also a major shareholder in Vietnam`s other leading brokers Ho Chi Minh City Securities Corp (HSC) and Viet Capital Securities Company (VCSC).
A group of investment funds managed by Dragon Capital have purchased nearly 113,000 shares of SSI Securities Corporation (SSI), the largest brokerage house in Vietnam, to become the latter's major shareholder as of December 27, 2018, according to the Ho Chi Minh City Stock Exchange (HoSE).
 
Illustrative photo.
Illustrative photo.
Through the deal, Dragon Capital has raised its shareholding in SSI to 25.05 million shares or 5.043% stake.

After SSI removed the foreign ownership limit, foreign investors, including Daiwa Securities Group, Deutsche Bank AG London, Norges Bank, now hold a combined nearly 60% in the company. 

In addition to SSI, Dragon Capital is currently a major shareholder in Ho Chi Minh City Securities Corp (HSC) and Viet Capital Securities Company (VCSC), holding stakes of 30.27% and 8%, respectively. 

SSI, HSC and VCSC are currently the three largest brokers in Vietnam, holding the brokerage market shares of 15.8%, 11.5% and 8.9% on the HoSE as of the third quarter of 2018, respectively.

In the first nine months of 2018, SSI recorded consolidated revenue of VND3.03 trillion (US$131.32 million), up 52% year-on-year and equivalent to 89% of the year’s plan. The company’s pre-tax profit reached VND1.35 trillion (US$58.51 million), up 38.4% year-on-year and meeting 84% of the year’s plan. 
Comments
Other news
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
10:57, 2025/01/30
Foreign companies confirm investment expansion in Vietnam in 2025
Some foreign firms are optimistic about Vietnam's economic prospects in 2025 and plan to expand investment, focusing on sustainability across sectors.