Tien Phong Securities Corporation (TPS), one of the latest organizations to join the Vietnamese financial market, has been recognized as the “Fastest Capital Market Service Provider” and for their “Best Corporate Bond Offering” in The Global Economics Awards – Vietnam 2022.
The Vietnamese financial market has grown exponentially in the last decade and emerged as one of the most attractive markets for regional and worldwide investment alongside its domestic funds. Therefore, the Vietnamese securities market also follows suit with speedy growth in both quantity and quality. Vietnam’s economy is still striving to keep up its development after facing the repercussions of the COVID-19 pandemic. In the context of the world being heavily affected by the pandemic, Tien Phong Securities Corporation has overcome adversity to achieve an impressive growth rate by exceeding the business targets approved by the General Meeting of Shareholders. As a result, the firm has grown to emerge as a strong securities firm in Vietnam.
TPS – Boosting Vietnam’s Economy via The Fiscal Sector
In terms of business results, following the high growth momentum in 2021, revenue and profit are estimated to explode in 2022 constantly. In 2021, TPS recorded a record profit of nearly VND 211 billion, an increase of 136% compared to 2020 – this is also the highest number since its establishment.
The company has effectively exploited the advantages of TPBank’s ecosystem whilst the financial consulting segment continues to be its core business. The firm has maintained its brand presence in the market by making colossal contributions to the revenue and profit of the company. The firm strives to fabricate a dynamic momentum by promoting the brokerage, depository business, securities services, etc.
Outstanding bond issuance agency and advisory services in 2021 helped TPS rise from the 6th to the 2nd position in terms of bond brokerage market share on the Ho Chi Minh Stock Exchange, with the total market share of TPS reaching 19.08%, up from 2.62% within one year.
TPS’s financial scenery has many bright spots that vastly improve the balance sheet and business results. In 2021, TPS doubled its charter capital to VND 2,000 billion and successfully issued another VND 1,000 billion of corporate bonds. In addition, the firm created a premise for the brand to expand its consulting and brokerage activities, margin trading lending, proprietary trading, and long-term capital sources. The brand also strives to meet its development blueprints for years to come. Substantial investment in technology is one of the driving forces behind the strong development of TPS.
TPS has made breakthrough developments after more than two years of successful restructuring and unwavering aspiration to emerge as one of the leading securities companies in Vietnam. The firm boasts an efficient model for a sustainable business operation and brings the best benefits to shareholders and consumers alike. TPS will be steadfast on the chosen path for enhanced sustainable development by gradually bringing itself to the pinnacle of the securities companies in Vietnamese geography.
In general, TPS products and services bring the best experiences to an expanded array of consumers. Customer service quality is an essential factor that TPS always cares about and progresses daily so that customers always have the best experience at TPS. Moreover, substantial investment in technology is one of the driving forces behind the strong development of TPS. The company has successfully implemented trading support platforms for customers, namely, ITRADE, EKYC, TPS Mobile App, Pro Webtrade, etc. TPS has also implemented several utilities such as Top-up Money, Authorized Collecting Payment 24/7, etc. As a premise for developing one of the best platforms for financial products, the firm has developed unique online trading systems.
Above all that, TPS has harnessed several digital technologies for seamless customer journeys. The firm is determined to be a digital technology pioneer in the finance sector and has entered the fast and effective phase of digital transformation – digital innovation. In general, Tien Phong Securities Corporation‘s products and services compete with several market players by bringing the best experiences to customers. TPS accelerates digital transformation with several projects and investments to drive the digital reinvention of the company, which has spurred digital innovation and enhanced customer experience across omnichannel touchpoints.
In 2021, Tien Phong Securities Corporation served and met the diverse needs of individual customers, which boosted subscription volume by nearly 113% in the year 2020. As a result, the total transaction value was recorded at a high peak, up 6.6 times over the previous year, bringing the firm to a more significant position in the Vietnamese financial industry.
Through different and unique business strategies and technological investment, Tien Phong Securities Corporation proudly secured the position of the “Fastest Capital Market Service Provider” and the “Best Corporate Bond Offering” in Vietnam at The Global Economics Awards 2022.
The firm continues to fabricate and improve existing products and services by incorporating new technologies, collecting & analyzing data, and researching new insights & trends to better serve consumers by creating seamless customer journeys within TPS’ ecosystem. Hence, it provides its clients and business associates with the highest standards of professional service and unmatched performance in the sale of privately held businesses, mergers & acquisitions, business valuations, appraisals, brokerage, and business consulting. Members of the TPS team have been carefully recruited and selected for their high level of achievement in a wide range of industries and professions. As a result, TPS is represented by outstanding, experienced, and knowledgeable professionals who will provide financial, strategic, and tactical implementation to accomplish successful transactions.
The “magical touch” is that TPS accelerates business growth by offering various tailor-made products and services for diverse customer segments and providing the best business consulting services.
The firm has built up professionalism, gained trust from customers, and has emerged as a fast-growing, strong, and practical financial service provider. This has added to its successes and aided TPS in building solid foundations to reap more positive results in the forthcoming coming years.