The economic growth rate in Vietnam in the first 6 months was 5.73%, better than the growth rate in the same period for the year 2016 (5.52%) but still much lower compared to that in the same period for the year 2015 (6.28%). The main reason is that the agriculture and fishery sector has improved positively by 2.01% and 5.08% respectively (higher than the same period of 2016, 0.78% and 1.25% respectively), the service sector continued to increase positively (growth of 6.85%), and the domestic consumption was much improved compared to that in the same period last year, up to 8.4%. However, the industrial and construction sector grew by only 5.33%, due to the decline of the mining industry and the slowdown of the construction industry, illustrating the struggles the economy is facing. CPI from January to June over the same period last year has gradually decreased from 5.22% to 2.54%, with the average increasing rate of 4.15%. Overspent budget fell sharply in the first six months to VND 32.5 trillion compared to VND 89.2 trillion in 2016 as an impact of slower disbursement of public investment, which, on the other hand, would have a negative effect on the economy. However, there is an affirmative point that the newly registered FDI soar to USD 19.22 billion, which is more than 54.8% over the same period of 2016. In general, macroeconomic growth in the first 6 months of 2017 was not very high and it is difficult for Vietnam to achieve the GDP growth rate target of 6.7% at the end of this year. There are some noticeable points about mining and construction industry as they are directly causing negative effect on the growth of the economy. As consumption growth rate is still in the normal range and the inflation is curbed, the economy maintains its sustainability. 3.1.2. Situation of the securities industry In less than 9 months of 2017, capitalization of Vietnams stock market’s increasing rate is now more than 67%, reached 120 billion US dollars, while VNIndex increased from 664.72 to 807.87. The main reason is that a large number of large stateowned enterprises have started to equitize such as SAB, PLX, BWE, PV power, etc. Large private companies make their first public offering, including prominent names such as VietjetAir. In addition, according to the direction of the Prime Minister, all banks, regardless of whether is the public company or not are compulsory to officially become public. Up to the end of this year, at least 10 banks will be listed on UPCoM with total chartered capital of VND 95 trillion. The stabilization policy of the domestic currency also helps the market to retain the confidence of investors. About brokerage market share of securities companies, MBS gradually differentiate itself from others. On the HOSE, MBS market share increased to 6.46%, ranked sixth. From the first quarter to the second quarter, except for SSI with market share increased from 14% to 15.35%, the market share of top 5 securities companies have reduced, for example, HSC: from 10.59% to 9.38%, VCSC from 7.68% to 6.8%, etc. On the HNX, MBS market share was 7.23%, improved from 6.57% in the first quarter, and won fourth place on the chart. In general, the stock market in Vietnam is having strong development steps, with the financial transparency of a series of large chartered capital companies and the existence of derivative product. With the increase in market share and profit as well as the revenue from the top companies, the stock market tends to be reduced to the target of 30 securities companies. Therefore, the competitive pressure from small securities on MBS is not much. One of the competitive advantages of MBS is that the investment in MBS technology is very effective. MBS website has a nice interface, clear information, which has beaten up other competitors in the securities industry. Online transaction services, telephone transactions on MStock 24 software help customers to place orders, cancel orders and track information on their account easily and quickly.