In the announcement just released today (October 5), the Commission Securities The State Securities Commission (SSC) said that recently a number of businesses have set up trading app websites such as Passion Invest Finhay Tikop Infina Savenow BUFF… uses communication tools to promote its products and services to mobilize capital from investors in the form of business cooperation contracts.
App websites This shows signs of fund management and portfolio management activities invest in securities without being licensed by the State Securities Commission for management and supervision in accordance with the law on securities.
According to the State Securities Commission, investors may face risks when a dispute occurs without authorization. Securities laws protect your rights and interests. The State Securities Commission recommends that investors be cautious when conducting stock investment transactions on these trading apps. At the same time, the securities management agency also emphasized that “investors are responsible for risks that may arise”.
Among the names listed above by the State Securities Commission are some The unit is quite familiar with the domestic investor community. For example, Passion Investment where expert La Giang Trung is the General Director. This unit provides collaborative products Kinh business with a minimum capital of 300 million VND for most individual investors; Subjects are institutional or individual customers with large capital, money managed through separate accounts from 50 billion VND.
Passion Investment often has periodic investment performance reports to investors and the average annual profit for the 6-year period from 2016 to the end of 2021 of business cooperation products is said to reach an average rate of 52 92%/year, up to… 101% in 2021 alone. .
With Finhay, this personal finance application allows investors to participate with amounts from only 10,000 VND to 50,000 VND with products such as gold deposit securities investment trust. Finhay affirms that it does not offer any invitation to invest in a specific financial product, but only provides a technology platform including a website system and mobile applications (Finhay application) to help. Users can access financial products and manage personal finances in a simple way.
Finhay users’ assets are transferred to Thien Viet Fund Management Joint Stock Company through Finhay according to portfolio management contract. Founded in 2017 and with up to 27 million users earlier this year, Finhay Vietnam acquired Vina Securities Company and continued to spend an additional 200 billion VND to buy an additional 20 million shares of Vina Securities in early October. this to increase ownership to 97 83% of charter capital of Vina Securities.
Tiikop introduces itself as a fintech application under Techlab Technology Joint Stock Company with a vision of becoming a technology platform Leading financial institutions in Vietnam are deeply involved in the digital transformation process that is taking place and will take place strongly in the near future. After users deposit money (from only 50,000 VND) and choose an investment package, this money will automatically go to Vietnam’s leading financial investment funds according to the correct ratio of the selected investment structure.</p >
Infina is an investment and accumulation platform owned by RealStake company in Singapore and has a branch in Vietnam oriented towards the technology company model, that is, using technology to create breakthroughs. to the market to bring benefits to investors (similar to Grab Uber in the passenger transport industry or AirBnB in the hotel industry). This application currently offers investment products in securities, fund certificates, deposit certificates and accumulation; real estate general investment product.
BUFF is an application developed by BUFF Fintech Joint Stock Company, established in mid-2021, allowing users to deposit money (term or non-term). term) allocated to products such as stocks, bonds, ETFs, open-ended fund certificates, bills, and the asset management unit is Tan Viet Fund Management Joint Stock Company.
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