Tri Viet Securities Joint Stock Corporation | APEA - Asia Pacific Enterprise Awards Asia Pacific Enterprise Awards

FAST ENTERPRISE CATEGORY

Tri Viet Securities Joint Stock Corporation

Information about the Company
Tri Viet Securities Joint Stock Company (TVB) is a core member of Tri Viet Group (T-Corp) operating with securities brokerage, securities trading, investment consulting and other finance-related activities. After nearly 15 years of development, TVB has affirmed its position in the stock market.

Starting from a securities company with initial charter capital of only VND 28 billion, TVB has increased its charter capital to VND 1,067 billion with total assets of more than VND 1,500 billion. Through the process of construction and development and facing the difficulties of the market and the ups and downs of the economy, TVB has not stopped expanding its operation scale in provinces and cities across the country, gaining the trust of many people. In 2019, TVB was announced to enter the Top 5 Securities Companies in the Vietnam Financial Index (VNFIN) SELECT index by Ho Chi Minh Stock Exchange (HOSE). In the second quarter of 2020, TVB was in the Top 10 Securities Companies with the largest brokerage market share on Hanoi Stock Exchange (HNX).

With a strong position and a strategy of constant innovation and development, TVB is not only T-Corp's biggest growth driver but also plays a key role in the group's long-term plans.

Corporate Culture & Initiatives
The company builds a culture that upholds discipline, consensus and solidarity; applies targets and key performance indicators (KPIs); regularly evaluates and reward and discipline policies, thereby helping employees and the company to accomplish its set goals and tasks. Since its inception, TVB has always accompanied each employee by taking care of each individual's life, creating a comfortable working environment, thereby helping to promote wellbeing among the staff. Chairman, Pham Thanh Tung, and the Board of Directors of TVB always have clear strategic goals, care and career orientation for each employee as the company wishes for all staff to consider Tri Viet as their second beloved home.

Growth Initiatives
Together with the Vietnam stock market, TVB overcame the 2008 economic crisis and gained experience in dealing with market crises.

From 2011 through 2012, the company experienced extreme difficulties when it was entangled in bad debts; some investments were lost due to the downturn in the stock market and real estate market. Hence, Tri Viet was forced to narrow its activities. Many business departments had to be reviewed and cut off if deemed ineffective. However, thanks to its consistent practice of the “3-no” philosophy, the company had completed the restructuring and overcame the crisis by the end of 2012.

When faced with the COVID-19 pandemic, TVB has excellently overcome difficulties and grown dramatically after two years. It accomplished this feat with good risk management in which it strictly ensured the capital adequacy ratio. TVB always keeps this ratio at a high safety level during reporting periods of the SSC's capital adequacy ratio. Additionally, it applied the mindset of turning defeat into victory when seizing self-trading investment opportunities in the market. Thanks to the value investment strategy, TVB has been investing and advising customers on investment in promising companies in the market, maximising profitable capital. Proprietary activities have also brought great benefits to TVB in the period of 2020-2021.

Achievements & Impact
In 2021, despite the COVID-19 epidemic, TVB still made a breakthrough by bringing outstanding growth results. According to the financial report of the third quarter of 2021, TVB recorded total revenue of VND 326 billion, of which operating revenue in the first 9 months of 2021 reached VND 305.1 billion (2.8 times higher than the same period) and gained income of VND 21 billion. Its profit after tax reached VND 201.9 billion which is 3.7 times higher than the same period of last year and 101% more than its plan.

The chart of profit after tax (NPAT) and NPAT/ sales ratio of TVB for the period 2017-2021 shows a clear trend of profit breakthrough, especially in 2020 and 2021. In the first 9 months of 2021, TVB's profit/ revenue ratio is 66%, registering as the TOP in terms of net profit ratio (profit after tax/ revenue) in the securities industry.

Future Direction
In the development orientation of the company, the Board of Management sets the goal of TVB to be both a professional brokerage house in the market and a prestigious investment bank as well as aim to improve the quality of asset management for the company client.

In order to realise that goal, besides focusing on business development, promoting digitalisation, continuing to invest heavily in human resources and systems, and developing investment banking, the company is working with major financial institutions from Japan, Korea, etc. with the goal of finding strategic shareholders, improving governance capacity, and at the same time receiving more capital resources, customers and also partners for TVB to become a world-renowned company.

FAST ENTERPRISE CATEGORY

Tri Viet Securities Joint Stock Corporation

Information about the Company
Tri Viet Securities Joint Stock Company (TVB) is a core member of Tri Viet Group (T-Corp) operating with securities brokerage, securities trading, investment consulting and other finance-related activities. After nearly 15 years of development, TVB has affirmed its position in the stock market.

Starting from a securities company with initial charter capital of only VND 28 billion, TVB has increased its charter capital to VND 1,067 billion with total assets of more than VND 1,500 billion. Through the process of construction and development and facing the difficulties of the market and the ups and downs of the economy, TVB has not stopped expanding its operation scale in provinces and cities across the country, gaining the trust of many people. In 2019, TVB was announced to enter the Top 5 Securities Companies in the Vietnam Financial Index (VNFIN) SELECT index by Ho Chi Minh Stock Exchange (HOSE). In the second quarter of 2020, TVB was in the Top 10 Securities Companies with the largest brokerage market share on Hanoi Stock Exchange (HNX).

With a strong position and a strategy of constant innovation and development, TVB is not only T-Corp's biggest growth driver but also plays a key role in the group's long-term plans.

Corporate Culture & Initiatives
The company builds a culture that upholds discipline, consensus and solidarity; applies targets and key performance indicators (KPIs); regularly evaluates and reward and discipline policies, thereby helping employees and the company to accomplish its set goals and tasks. Since its inception, TVB has always accompanied each employee by taking care of each individual's life, creating a comfortable working environment, thereby helping to promote wellbeing among the staff. Chairman, Pham Thanh Tung, and the Board of Directors of TVB always have clear strategic goals, care and career orientation for each employee as the company wishes for all staff to consider Tri Viet as their second beloved home.

Growth Initiatives
Together with the Vietnam stock market, TVB overcame the 2008 economic crisis and gained experience in dealing with market crises.

From 2011 through 2012, the company experienced extreme difficulties when it was entangled in bad debts; some investments were lost due to the downturn in the stock market and real estate market. Hence, Tri Viet was forced to narrow its activities. Many business departments had to be reviewed and cut off if deemed ineffective. However, thanks to its consistent practice of the “3-no” philosophy, the company had completed the restructuring and overcame the crisis by the end of 2012.

When faced with the COVID-19 pandemic, TVB has excellently overcome difficulties and grown dramatically after two years. It accomplished this feat with good risk management in which it strictly ensured the capital adequacy ratio. TVB always keeps this ratio at a high safety level during reporting periods of the SSC's capital adequacy ratio. Additionally, it applied the mindset of turning defeat into victory when seizing self-trading investment opportunities in the market. Thanks to the value investment strategy, TVB has been investing and advising customers on investment in promising companies in the market, maximising profitable capital. Proprietary activities have also brought great benefits to TVB in the period of 2020-2021.

Achievements & Impact
In 2021, despite the COVID-19 epidemic, TVB still made a breakthrough by bringing outstanding growth results. According to the financial report of the third quarter of 2021, TVB recorded total revenue of VND 326 billion, of which operating revenue in the first 9 months of 2021 reached VND 305.1 billion (2.8 times higher than the same period) and gained income of VND 21 billion. Its profit after tax reached VND 201.9 billion which is 3.7 times higher than the same period of last year and 101% more than its plan.

The chart of profit after tax (NPAT) and NPAT/ sales ratio of TVB for the period 2017-2021 shows a clear trend of profit breakthrough, especially in 2020 and 2021. In the first 9 months of 2021, TVB's profit/ revenue ratio is 66%, registering as the TOP in terms of net profit ratio (profit after tax/ revenue) in the securities industry.

Future Direction
In the development orientation of the company, the Board of Management sets the goal of TVB to be both a professional brokerage house in the market and a prestigious investment bank as well as aim to improve the quality of asset management for the company client.

In order to realise that goal, besides focusing on business development, promoting digitalisation, continuing to invest heavily in human resources and systems, and developing investment banking, the company is working with major financial institutions from Japan, Korea, etc. with the goal of finding strategic shareholders, improving governance capacity, and at the same time receiving more capital resources, customers and also partners for TVB to become a world-renowned company.