Several deep and prolonged corrections in the stock market of late have caused many domestic securities companies to face heavy losses, after a phase of continuous profit-making.
The Hồ Chí Minh Stock Exchange has announced the list of 10 leading securities companies in the third quarter of the year, with VPS Securities remaining in top spot with a 16.5 per cent market share.
People Digest: JobHopin gets advisory board member; Koinworks appoints CTO
July 28, 2021
KoinWorks has named Jim Geovedi as its chief technology officer while Vietnam-based HR tech startup JobHopin has roped in an angel investor to its advisory board.
KoinWorks names Jim Geovedi as CTO
Indonesian fintech firm KoinWorks has appointed Jim Geovedi as its chief technology officer, who will lead the company’s technology, data, and engineer teams starting July 2021.
“Jim is not an outsider of KoinWorks, he has been overseeing our growth since the beginning and helping us as tech advisor,” Benedicto Haryono, co-founder and CEO of KoinWorks, said in a statement.
Diversifying local consumer finance
For the first time in a decade, Vietnamâs consumer finance market saw a single-digit growth rate
FE Credit, the biggest consumer finance player in Vietnam and a subsidiary of VPBank, is said to be preparing for its initial public offering (IPO) in the third quarter of 2021.
VPBankâs Board of Directors forecasts that a successful IPO could triple FE Creditâs share price compared to the book value after the equitisation, according to brokerage SSI.
Currently, the Vietnamese market boasts 16 consumer finance companies, of which six are subsidiaries of major local lenders, including HD Saison of HDBank, SHB Finance of SHB, MCredit of MB, and Post and Telecommunication Finance Co., Ltd. (PTF) of SeABank.