Those lower on the ladder, such as South Korea’s Mirae Asset, MB Securities, Techcom Securities, FPT Securities and BIDV Securities Company, held market shares of around 3.25-4.41 percent.
The fact that SSI Securities Corporation was dislodged from the top position shows that there is fierce competition among securities firms.
Nguyen Hong Nam, CEO of SSI Securities Corporation, said competition was necessary for the development of the market. He added that while market share was an important factor to evaluate a company, but it is not the only one.
Vietnam’s top 10 securities companies held 65.23 percent of the market share this quarter, up 0.15 percentage points over Q4 2020.