SSI SECURITIES CORPORATION

SSI SECURITIES CORPORATION (CÔNG TY CỔ PHẦN CHỨNG KHOÁN SSI), commonly known as SSI, is a leading name in Vietnam’s capital markets. Established on April 5, 2000, SSI has grown into one of the most powerful and influential financial institutions in the country. With a strong legal foundation and a dynamic presence in investment and securities services, SSI is headquartered at 72 Nguyen Hue Street, Ben Nghe Ward, District 1, Ho Chi Minh City. The company is publicly traded on the Ho Chi Minh Stock Exchange (HOSE) under the symbol SSI, operating under the Business ID and Tax Code 0301955155.

Legal Status and Corporate Identity
Operating as a joint stock company, SSI is regulated by the Ho Chi Minh City Department of Planning and Investment. Its registered charter capital reaches approximately USD 620.8 million. The firm has expanded across Vietnam with branch offices in Hanoi, Vung Tau, and Nha Trang, reflecting a national scope in financial services and brokerage. With more than 830 employees, SSI provides securities trading, asset management, investment banking, principal investment, and investment advisory, among other services.

Leadership and Key Personnel
At the core of SSI’s success is Mr. Nguyen Duy Hung, who serves as Chairman cum General Director. Mr. Hung is one of Vietnam’s most well-known business leaders and is also linked to NDH Invest Company Limited, one of SSI’s major shareholders. Supporting him is a leadership team that includes Ms. Hoang Thi Minh Thuy, the company’s Chief Accountant, and Mr. Nguyen Hong Nam, a member of the Board of Directors. Together, they guide SSI’s strategic growth and operational decisions.

Financial Overview of SSI
In the fiscal year ending December 31, 2023, SSI SECURITIES CORPORATION recorded remarkable financial results. The company’s total assets increased to USD 2.81 billion, marking a 32.85% year-over-year growth. Operating revenue reached USD 283.2 million, showing a healthy increase of 12.83%. Net income rose significantly to USD 89.28 million, while owner’s equity climbed to USD 927.84 million. These figures reflect SSI’s financial stability, continued growth, and commanding presence in Vietnam’s financial landscape.

Controversies and Public Perception
Despite its accomplishments, SSI SECURITIES CORPORATION is not without criticism. The company has faced scrutiny from market observers and retail investors due to its perceived aggressive market behavior and alleged opacity in governance. Concerns over shareholder influence and transparency have triggered public discussion, making SSI both admired for its scale and questioned for its practices. However, no formal legal issues have been officially confirmed, and the firm remains in full operation.

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Conclusion: SSI’s Influence and the Road Ahead
SSI SECURITIES CORPORATION continues to be a cornerstone of Vietnam’s capital markets. Its financial achievements, extensive services, and market leadership make it a central figure in the investment industry. Yet, with its dominant role comes intense scrutiny and responsibility. As Vietnam’s economy becomes more sophisticated and transparent, SSI’s ability to maintain its reputation while adapting to regulatory expectations will be key to its long-term legacy in the financial world.