VPS Securities affirms top position, 9-month profit exceeds full-year plan

VPS Securities JSC has once again affirmed its first position in Vietnam’s brokerage market, with nine-month pre-tax profit surpassing its full-year target, thanks to a consistent strategy of focusing on the retail market, not involving proprietary trading, and heavily investing in technology.

The Ho Chi Minh City Stock Exchange (HoSE) has just released its list of the top 10 securities companies by market share in stock, fund certificate, and covered warrant brokerage in Q3/2025.

The top 10 firms on the HoSE include VPS Securities, SSI, TCBS, Vietcap, HSC, MBS, VNDirect, Mirae Asset, VCBS, and KIS Vietnam, which together account for 69.05% of total market share.

VPS led the ranking with a 17.05% market share, up 1.68 percentage points from the previous quarter. This is the broker's highest level in the past four quarters.

SSI followed with 11.82% and TCBS ranked third at 7.75%. The next group - Vietcap, HSC, MBS, and VNDirect - recorded market shares between 5.4% and 6.4%. The remaining three, Mirae Asset, VCBS, and KIS Vietnam, each held around 2.8-3%.

Over the past five years, VPS Securities has maintained its leading market share across all three exchanges - HoSE, HNX, and UPCoM.

In the derivatives market, VPS holds nearly half of total market share, far ahead of its competitors. The company currently serves more than 1.6 million trading accounts, representing about 15% of all securities accounts in Vietnam.

Nine-Month pre-tax profit surpasses full-year target

VPS’s dominant market position has significantly boosted its business results, especially amid the strong performance of Vietnam’s stock market in Q3/2025.

According to available data, VPS recorded a pre-tax profit of nearly VND1,400 billion ($53.11 million) in Q3/2025, up 70.1% year-on-year, with a net profit margin of approximately 24.2%.

For the first nine months of 2025, cumulative pre-tax profit reached VND3,192 billion ($121.08 million), exceeding 2024’s full-year figure by 1.2%.

This strong result stems from the company’s consistent strategy - focusing on the retail market, not involving proprietary trading, and investing aggressively in technology.

VPS has long been Vietnam’s most tech-driven securities firm, and it plans to invest $150 million in IT development over the next three years.

Its improved profitability and leading market position are creating strong momentum as VPS moves forward with its IPO and stock market listing plans.

At its extraordinary general meeting of shareholders (EGM) on September 29, VPS shareholders approved three capital increase plans: issuing 710 million bonus shares at a 1:1.2 ratio; conducting a private placement of 161.85 million shares to professional investors; and IPOing up to 202.3 million shares, equivalent to 15.81% of charter capital after the bonus share issuance.

Upon completion of all three plans, VPS’s charter capital will rise from VND5.7 trillion to VND16,442 billion ($623.67 million). The company will also initiate procedures to list its shares on the HoSE.