Securities Service Fees Lowered to Lure More Investors

Transactions are conducted at the HSTC.

Many local stock market companies are rushing to lower their transaction fees in a bid to attract more traders and heat up the slum market.

Mr. Nguyen Ngoc Lam, a senior investor living in District 1, said local securities companies have lowered their brokerage fee from 0.5% to 0.45% or even 0.2% (for transaction values of over VND1.5 million) to encourage customers.

Remarkably, the Viet Dragon Securities Company (VDSC) offers a 0.15% service fee for shares of local corporations and 0.05% on Government bonds. Meanwhile, the Habubank Securities Company charges investors 0.15% of their total transaction value on every last session of the week.

However, according to director of the Da Nang Securities Company Nguyen Ngoc Tuoi, it is not low transaction fees but the quality of service that is a prerequisite for encouraging more clients to make transactions.

For that reason, he said, his company has cooperated with many banks to promote loans for stock market investment, and to set up an online transaction floor to create the most favorable conditions for its clients.

Other securities corporations such as Empower Securities (EPS) and the Au Lac Securities Corporation have opened their own training courses for beginning investors, guiding them through the registration procedures and providing them with a basic knowledge of the current market. These courses are free of charge and draw a lot of attention from investors nationwide.

Late last week, the VN-Index lost 2.29 points to close at 1,010.53 but the market’s total trading volume decreased a staggering 31.8% due to an undersupply. Meanwhile, demand stood still at 8.2 million shares and supply plummeted 47.4% to 6.4 million shares. All stocks moved within small margins, leading to a slight fall in the index

By staff writers – Compiled by Trong Khuong

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.