More and more difficulties have been burdening
securities companies as the stock market continues falling and
investors have left trading floors for new business. Securities
companies nowadays have to do extra jobs in order to earn more money,
which can help them survive the difficult period.


Encouraging investors to find more… investors


The falling stock market has led to deserted trading
floors, which has put securities companies in a difficult situation. In
order to lure more investors, some securities companies have encouraged
their existing clients to lure other investors to trading floors. If
the existing clients can attract more investors, they will get
attractive commissions.


FPT
Securities Company informed, on its website, that it offers the
attractive commission of 25-30% of the total transaction fees of the
clients that the existing investors invite. If the existing clients can
invite many more investors, they can nominate themselves to become a
professional broker of FPTS and enjoy many other attractive benefits.


Hoang Gia Securities Company has also informed that
once an investor invites another investor to open a transaction account
at Hoang Gia, he will get 7% of the total transaction fees of the new
investor.


The Director of a securities company said that
securities companies now have to manage themselves in order to survive
the current difficulties, and they need to do everything they can to
get more services, which can bring about turnover.


Serving as order receiving agents for gold trading floors


The said director said that a securities company
spends at least VND1.5-2.5 billion a month to run the company. This
means that they will lose if they rely on the brokerage fees, which
have become smaller and smaller due to the falling stock market.


Therefore, a lot of securities companies have become the order receiving agents for gold trading floors to earn extra money.


Nam Viet Securities Company has joined forces with AGC
to open AGV gold trading floor, APEC Securities Company has joined
forces with Wall Street to open APECT-Wall street trading floor.


To date, VGB has cooperated with 22 securities
companies to set up order receiving agents. VGB is now negotiating with
six more securities companies to open more agents that will receive
investors’ orders for the transaction centre.


Johan Nyvene, General Director of HSC Securities Company, said that his company has accepted becoming an agent for VGB.


“The cooperation between gold trading floors and
securities companies will bring benefits to both VGB and securities
companies,” said Tran Xuan Hai, VGB General Director. VGB will have
more investors, while securities companies can get more income while
they do not have to spend more money on material facilities and
employees.