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May 5, 2026 marks a full year since the new information technology system (KRX) was officially put into operation by the Ho Chi Minh City Stock Exchange (HoSE). The rollout is not only an upgrade of Vietnam’s trading infrastructure, but also a test of each securities firm’s technology capabilities. As trading speed and volume increase, firms have been required to upgrade in a coordinated manner to keep pace.
Market performance has differentiated clearly across firms. Companies relying on third-party platforms have faced challenges adapting to the pace of the new system. By contrast, firms that invested heavily in technology early—such as Pinetree—have further strengthened the advantages of a self-owned core system and leveraged those capabilities after KRX went live.
As a member of Hanwha Investment & Securities Co., Ltd. within the Hanwha Group, Pinetree positions itself as a comprehensive digital securities company by developing and owning its own core securities system.
Pinetree’s core system was designed to Korean standards as early as 2019, making it highly compatible with the architecture of KRX developed by the Korea Exchange. As a result, integration with the KRX system proceeded smoothly and helped deliver a better investor experience.
The self-owned core supports multi-threading and parallel processing of multiple orders, helping maintain stable performance and high speed as trading volumes rise. In addition, a gateway connected directly to the HoSE trading system in Ho Chi Minh City helps reduce latency and improve response times.
This stability is visible not only during normal trading sessions, but also during periods of high market volatility. The core system uses a unified architecture that enables cash and derivative securities to operate simultaneously on a single system, rather than integrating multiple separate systems. With data managed centrally, the platform supports consistent and seamless processing and helps shorten response times.
Because it relies on its own core, Pinetree can proactively develop, test, and deploy new features and products more quickly, instead of waiting for adjustments from a system provider. This is intended to improve flexibility in responding to changing market demands.
The company also emphasizes coordinated customer support, with its customer care team working alongside technical experts and core technology leadership to address issues promptly and keep the investor trading flow smooth.
Financial results for 2025 are presented as evidence of the strategy’s effectiveness. Operating revenue reached over VND 390.9 billion, up 26.1% from 2024. Net profit after tax reached VND 62.9 billion, up 23.4% year over year.
Customer trust is also reflected in a 10.3% growth in trading accounts by year-end 2025, helping Pinetree solidify its position in the Top 22 market share. Applications including Stock123 and PineX are cited as continuing to attract new investors due to their convenience and modern design.
With diversification of investment products and an increasingly mature application ecosystem, Pinetree is expected to continue delivering improvements and benefits for clients. The professional team and the technology platform are described as the main drivers supporting the company’s mission of providing sustainable and prosperous investment opportunities.
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