AI Pick
Vietnamese Securities Firms Thrive on Lending, Not Banking
Securities firms in Vietnam, despite not being banks, have expanded their lending operations, achieving a record profit of 112 trillion dong (approximately $6.44 billion) in the first quarter. As proprietary trading and brokerage activities slowed, lending accounted for 36% of total revenue, driving overall performance. However, with a margin balance reaching 415 trillion dong (23.86 trillion won), concerns have been raised about potential burdens during market corrections. On May 31, loc
May 31, 2026
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