Vietcap Securities and VNDirect both made mistakes

(Dan Tri) - Vietcap was reprimanded twice in June for violating regulations on clearing and settlement of securities transactions. VNDirect corrected errors seven times after trading in May on HoSE.

Vietnam Securities Depository and Clearing Corporation (VSDC) has just issued a decision to suspend the 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 as the Chairman of the Board of Directors (BOD).

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

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

Vietcap and VNDirect both made related errors in stock trading (Illustration: Huu Khoa).

At the same time, VSDC issued a reprimand to VNDirect Securities Joint Stock Company (stock code: VND) for the same reason. This securities company had 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 VND 295 billion, 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