woocasinonodepositbonus|Vietnam Stock Exchange's profit reports 1st fall in 3 years

HANOIwoocasinonodepositbonus, June 28 (Xinhua) -- The Vietnam Stock Exchange (VNX) reported a decrease of 11 percent year-on-year in net revenue to more than 3 trillion Vietnamese dong (117.9 million U.S. dollars) in 2023, Vietnam News Agency reported Friday, citing VNX's audited consolidated financial statements.

This has been the exchange's first fall in three years since its establishment in February 2021, said the report.

Last year, the VNX saw declines across various expense categories, including finance and management costs. However, the exchange's other expenses surged by more than four times.

As of the end of 2023, the VNX's total assets reached approximately 4 trillion dong (157.2 million dollars), with nearly 50 percent of the value in the form of bank deposits.

The VNX has set targets of nearly 2.8 trillion dong (110.04 million dollars) in revenue in 2024, down 9 percent.

It also plans to contribute over 1.7 trillion dong (68.8 million dollars) to the state budget in taxes.■