Top 10 brokerage securities companies in Vietnam stock market

In order to take part in the Vietnamese stock market, investors may need to open a stock account in a securities company. So what is the best securities company? This article may help foreign investors find out the suitable brokerage company.

Top 10 brokerage securities companies that dominated the brokerage market share at HSX Exchange in 2017:

HSX Exchange is the most active stock exchange in Vietnam. Most huge public companies are listed at the exchange. The average volume of the HSX Exchange takes more than 85% of the total trading liquidity market value. Therefore, the company that takes the largest brokerage market share at HSX will also get the largest market share in Vietnam’s stock market.

Source: HSX.vn

Top 10 brokerage securities Companies that dominated the brokerage market share at HNX Exchange in 2017

Source: HNX.vn

Throughout the years, SSI and HSC have been the most successful companies in dominating the brokerage market share in Vietnam.

For foreign investors, we recommend the 3 largest companies: HSC, SSI, VCSC. The reasons:

1. Leading and most reputable financial corporations in the Vietnamese market. They have an extensive branch network in Vietnam. Transaction software, service systems, and employees are professional enough to provide and support foreign investors.
2. Clear and strong financial situation. HSC and SSI are quite famous public companies in the Vietnam stock market. So these companies’ financial situation is quite easy to access. During recent years, their business results were quite positive.
3. The high quality of reporting. We appreciate HSC’s reports on both quality and quantity. Not all securities companies can maintain their objectivity on reports like HSC even large companies. And HSC’s analysts write reports in both Vietnamese and English languages.

Trading fee

The trading fee is the main cost and it would take account of the largest cost, especially when you trade frequently. So you should put attention to the trading fee. Generally, a large company has a bit higher trading fee than smaller companies.

The trading stock fee broad at some big brokerage securities companies in Vietnam.

As for some smaller companies:
The trading stock fee of BSC company:

MBS company


Lending margin interest rate

Since 2016, Vietnamese securities laws have not allowed foreign investors to use a margin loan to buy shares in the stock market with some exceptions. If investors are able to use a margin loan to invest in Vietnam, you should notice some points.
Recently, securities companies’ margin interest rates fall around 9-13% per year. If investors often put their portfolio in a high lending margin leverage then we also recommend well-known companies because:

• Small companies have weak financial health. When bull markets happen, investors often increase their margin leverage. In that case, investors may suffer tightening margin policies (decrease reduce loan margin ratio) due to the pressure on the margin fund’s depletion. Perhaps this could cause your portfolio to go into a margin call situation.
• A larger company has more stable margin services because of stronger financial health. They also have a more extensive list of lending margin stocks.

Contact us to open a securities account in Vietnam.

Note the services of securities companies may change over time if investors want to make sure about that. Below is the list of websites of the 10 largest brokerage securities companies:

https://www.hsc.com.vn/en

https://www.ssi.com.vn/en-US.aspx

https://www.vcsc.com.vn/home-page

https://invest.vndirect.com.vn/

https://www.vcbs.com.vn/en

http://www.fpts.com.vn/EN/

https://www.bsc.com.vn/

https://www.shs.com.vn/Default.aspx

https://www.mbs.com.vn/en/

https://www.kisvn.vn/kisportal/?l=2

Tony Bui