billion, achieving compound annual growth rate (CAGR) of 36% This is an exceptional growth of VNDIRECT regarding this segment, as looking in the income statement for the period 2017 to 2021, before 20.
billion, achieving compound annual growth rate (CAGR) of 36% This is an exceptional growth of VNDIRECT regarding this segment, as looking in the income statement for the period 2017 to 2021, before 2020, the revenue from brokerage was comparable under VND 500 billion, before shooting up in 2021 The share of brokerage in VNDIRECT’s revenue was also reasonable at 33%, the second highest after investment activities This shows that brokerage is one of VNDIRECT’s spearheads and the company has been investing a lot of capital and human capital to further develop this service The company also designed trainee programs to prepare undergraduates and graduates for the journey of being a securities broker VND (billion) 2017 2018 2019 2020 2021 CAGR Revenue from securities brokerage operations 344 520 335 478 1,615 36% Table 2.1: VNDIRECT revenue and CAGR from securities brokerage operations from 2017 to 2021 (Source: VNDIRECT Annual Report 2021) In Q4/2021, the market share of brokerage service of VNDIRECT at HOSE was slightly under that of the previous quarter More specifically, the brokerage market share decreased from 7.72% to 7.46% Even though being faced with numerous competitions in the market, VNDIRECT still ranked up as top in brokerage market share of stocks, fund certificates and covered warrants at HOSE (after VPS and SSI), top in brokerage market shares of stocks on HNX