Hanoi, April 23, 2024, The 2024 Annual General Meeting of Shareholders (GMS) of Bao Viet Securities Joint Stock Company (HNX:BVS) was held at the Bao Viet Building Hall, 2nd Floor, 8 Le Thai To, Hoan Kiem, Ha Noi. With high consensus and unanimity, the General Meeting approved all reports, proposals and many other important contents such as the 2023 business performance report, the 2024 business plan, the audited financial statements for 2023, the profit distribution report for 2023 and plan for 2024. At the 2024 Annual General Meeting (AGM) addressed the additional election and replacements for members of the Board of Directors for the remainder of the 2020-2025 term.
Mr. Nguyen Hong Tuan - Chairman of the Board of Directors (right) & Mr. Nhu Dinh Hoa - General Director (left) ran the congress
At the AGM, Mr. Nguyen Hong Tuan, Chairman of the Board of Directors reported on the achievements of the target approved by the 2023 Annual General Meeting of Shareholders as well as the key goals for 2024. Following, Mr. Nhu Dinh Hoa, Board Member and CEO, presented the 2023 business performance results. Despite the stock market’s growth over the same period but the fluctuation range within the year is large, Bao Viet Securities has practively adapted and achieved all three of its critical goals. The market share of stock and fund certificates reached 2.41%, achieving 116% of the plan and a 13% increase from 2022; Revenue and After-tax Profit in 2023 were reported at VND 869.9 billion and VND 157.6 billion, reached 120.8% and 108.7% of the plan, respectively. In 2023, the company’s stock price (BVS) increased by 23%, outperforming the HNX-index growth of 12.7% with average trading volume per session increased approximately 40% compared to 2022. Mr. Hoa forecast the stock market in 2024, despite the high inflation and challenging customer growth, the macro economy is expected to recover and stay stable thanks to ongoing influx of FDI and increased public investment would drive the stock market. BVSC has set a goal to achieve an After-tax Profit of VND 165 billion in 2024, a 5% increase over 2023.
Mr. Nhu Dinh Hoa - General Director of the company spoke before the congress about BVSC's business results
Mr. Tran Xuan Bach - Market Strategy Director, Investment Analysis & Consulting Division reported to the congress on the macro situation in 2023 and forecast for 2024
Specifically, 2024 AGM approved the resignation of board members Mr. Le Xuan Nam and Mr. Nguyen Anh Tuan and resolved to approve the election of two new members in the Board of Directors, Mr. Lai Van Hai - Master of Banking Finance and Mr. Bui Quang Vu - Master of Business Administration for the remainder of the 2020-2025 term.
Also, at the 2024 AGM, shareholders engaged the chairman panel with queries about broker activity directions, security enhancement measures, proprietary trading and dividend distribution. The discussions were conducted in a transparent and constructive manner.
All minutes and resolutions of the 2024 Annual General Meeting are now publicly available and can be accessed on the BVSC’s website: https://bvsc.com.vn/.../quan-he-nha.../dai-hoi-dong-co-dong/
BVSC News
Hanoi, April 23, 2024, The 2024 Annual General Meeting of Shareholders (GMS) of Bao Viet Securities Joint Stock Company (HNX:BVS) was held at the Bao Viet Building Hall, 2nd Floor, 8 Le Thai To, Hoan Kiem, Ha Noi. With high consensus and unanimity, the General Meeting approved all reports, proposals and many other important contents such as the 2023 business performance report, the 2024 business plan, the audited financial statements for 2023, the profit distribution report for 2023 and plan for 2024. At the 2024 Annual General Meeting (AGM) addressed the additional election and replacements for members of the Board of Directors for the remainder of the 2020-2025 term.
Mr. Nguyen Hong Tuan - Chairman of the Board of Directors (right) & Mr. Nhu Dinh Hoa - General Director (left) ran the congress
At the AGM, Mr. Nguyen Hong Tuan, Chairman of the Board of Directors reported on the achievements of the target approved by the 2023 Annual General Meeting of Shareholders as well as the key goals for 2024. Following, Mr. Nhu Dinh Hoa, Board Member and CEO, presented the 2023 business performance results. Despite the stock market’s growth over the same period but the fluctuation range within the year is large, Bao Viet Securities has practively adapted and achieved all three of its critical goals. The market share of stock and fund certificates reached 2.41%, achieving 116% of the plan and a 13% increase from 2022; Revenue and After-tax Profit in 2023 were reported at VND 869.9 billion and VND 157.6 billion, reached 120.8% and 108.7% of the plan, respectively. In 2023, the company’s stock price (BVS) increased by 23%, outperforming the HNX-index growth of 12.7% with average trading volume per session increased approximately 40% compared to 2022. Mr. Hoa forecast the stock market in 2024, despite the high inflation and challenging customer growth, the macro economy is expected to recover and stay stable thanks to ongoing influx of FDI and increased public investment would drive the stock market. BVSC has set a goal to achieve an After-tax Profit of VND 165 billion in 2024, a 5% increase over 2023.
Mr. Nhu Dinh Hoa - General Director of the company spoke before the congress about BVSC's business results
Mr. Tran Xuan Bach - Market Strategy Director, Investment Analysis & Consulting Division reported to the congress on the macro situation in 2023 and forecast for 2024
Specifically, 2024 AGM approved the resignation of board members Mr. Le Xuan Nam and Mr. Nguyen Anh Tuan and resolved to approve the election of two new members in the Board of Directors, Mr. Lai Van Hai - Master of Banking Finance and Mr. Bui Quang Vu - Master of Business Administration for the remainder of the 2020-2025 term.
Also, at the 2024 AGM, shareholders engaged the chairman panel with queries about broker activity directions, security enhancement measures, proprietary trading and dividend distribution. The discussions were conducted in a transparent and constructive manner.
All minutes and resolutions of the 2024 Annual General Meeting are now publicly available and can be accessed on the BVSC’s website: https://bvsc.com.vn/.../quan-he-nha.../dai-hoi-dong-co-dong/
BVSC News
