Securities Firms Hunting Stock Brokers, Analysts
Securities firms in Vietnam are competing for qualified stock brokers and analysts, who can help clients coin money in the booming market, state media reported Tuesday.
The staff shortage results from the companies frantic search for SSC-certified employees. Some of them are trying to lure staff away from other firms with lucrative offers, while others go the old fashioned route with print advertisements.
Only 300 certified brokers are working for 40 licensed securities companies, said the State Securities Commission (SSC), far short of market demand.
“It is not easy finding good brokers who can work in a high-pressure environment,” said Le Ho Khoi, director of Trang An Securities company.
Sai Gon Securities Incorporation, for example, has not hired many new staff, despite advertising open positions for the last three months.
Brokers have to spend a lot of time under a mountain of work in a stressful environment, which not all people are willing to do, said executives.
Securities regulators have also found companies employing people not properly certified to trade or provide advice on securities.
A stock broker can earn VND10 million (625 USD) a month, considered the industry minimum. However, the financial advantages are being weighed against advancements, with companies offering promotions and senior executive positions to experienced brokers. (VNA)
Vietnamese
