Vietnam's leading broker VNDirect fined for tax violations
VNDirect Securities Joint Stock Company (HoSE: VND) was retroactively taxed and fined for tax violations by the Hanoi Tax Department.
The total sum of VND651 million ($25,950) includes tax arrears for 2021, 2022 and 2023; fines for administrative violations; and late tax payment interest.
The broker received the Tax Department's decision on January 21, according to the Ho Chi Minh City Stock Exchange (HoSE).
VNDirect said it had fully paid the sum to the state budget on the same day.
Logo of VNDirect. Photo courtesy of the company.
VnDirect posted a net profit of VND251 billion ($9.94 million) in Q4, down 69.3% year-on-year and the lowest since Q2/2023. Its operating revenue declined by 37% to VND1.21 trillion ($47.98 million).
In 2024, VND earned net profit of VND1.71 trillion ($68 million) and operating revenue of VND5.32 trillion ($210.75 million), down 15% and 19% from 2023, respectively.
As of end-2024, VnDirect’s total assets reached VND4.29 trillion ($1.75 billion), up 6.1% from early 2024. Its charter capital stood at VND12.17 trillion (492.2 million)
For the whole year of 2024, the company's operating revenue will reach 5,324 billion VND, down 19% compared to 2023. Pre-tax profit will be 2,088 billion VND (down 15.8%), net profit will be 1,718 billion VND (down 15%).
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