AsemconnectVietnam - Vietnam's stock market is experiencing many positive changes, and it is expected that there will be strong changes in both scale and quality of development.

That opportunity is creating motivation for VIX Securities (Ck code: VIX) to "renew itself" to take advantage of the opportunities the stock market brings. In particular, increasing financial potential and investing in technological changes will be the two main pillars for VIX to aim to become a leading securities company in terms of both scale and operational efficiency.
Ready capital for big playground
Vietnam's stock market is continuing to show positive growth despite the continuous, unpredictable impacts of global macro and geopolitical factors since the Covid-19 pandemic. Along with the relative stability in scores, the market capitalization scale maintains an increasing momentum over the years. From the beginning of the year until now, on HOSE alone, the capitalization value of listed stocks has increased by 12.8%, equivalent to nearly 50.3% of GDP in 2023. Liquidity on HOSE still remains above 20,000 billion VND/session and more than 25,000 billion VND/session throughout the market.
Not only that, the quality of market development is continuously improved when discipline is maintained, helping the market increase openness, transparency and move towards more sustainable development. Thanks to that, the number of new securities accounts continuously set a record, reaching nearly 8 million accounts by May 2024.
However, many experts agree that the Vietnamese stock market still has a lot of potential for development, especially showing many very positive signals for a new period with the support of many macro factors such as: the Government's market development policy; macroeconomic recovery; health of listed companies; or expectation of upgrade; New technology system operating...
Faced with that market context, recently, many securities companies have launched plans to take advantage of business development opportunities that the stock market brings. At VIX Securities Joint Stock Company (Ck code: VIX), the Board of Directors is also determined to act, setting a strategic goal of becoming a strong and professional securities company, the top choice of investors and ranked among the top securities companies in the market in terms of scale and operational efficiency.
Profit expectations will set a new record
In 2024, VIX Securities plans a pre-tax profit of VND1,320 billion, an increase of 10% over the same period and an expected profit after tax of VND1,056 billion, an increase of 9% compared to 2023 performance. If completed According to this plan, this will be VIX's highest business result since the company began disclosing information in 2013. At the end of the first quarter of 2024, VIX reported a pre-tax profit of nearly VND202 billion, 17 times higher in the same period; Profit after tax is VND162 billion, more than 15 times higher."
Turning policy into action, at the 2024 Annual General Meeting of Shareholders, VIX shareholders officially approved the plan to increase charter capital. After completing the procedures and being fully licensed, VIX's charter capital will reach nearly VND14,600 billion. This new charter capital level can help VIX quickly rank among the top securities companies with the highest charter capital on the market. Currently, VIX is implementing procedures to increase capital and is expected to issue from the third quarter to the fourth quarter of 2024 when approved by the management agency.
A representative of VIX Securities said that along with the capital increase plan, the Company is promoting brokerage activities by providing specialized solutions for customers; Promote margin lending with the goal of increasing the revenue proportion of the brokerage segment.
“Vietnam's stock market has entered a new phase and will reach new heights. Therefore, many securities companies and VIX are making preparations to welcome new opportunities, in which financial potential is strength, while meeting a variety of customer needs and benefits for customers and shareholders in the future" - VIX leadership representative shared.
Invest big in technology - build big roads for the future
With new opportunities in the market, especially "welcoming the upgrade wave", VIX not only prepares large financial potential, but also invests heavily to upgrade technology infrastructure, ensuring supply diverse and professional services for domestic and foreign customers.
The VIX Board of Directors determined that the opportunity is greater but the competition of securities companies in brokerage activities will also increase. Therefore, in addition to traditional factors such as: coverage of the brokerage team network; quality of investment consulting activities; convenience of trading software; diversity of products and services... the application of artificial intelligence (AI) may be the most key point in supporting brokerage and investment consulting activities, and creating a competitive advantage of a securities company.
With the desire to bring customers unlimited experiences of trading utilities and provide a safe investment platform with outstanding processing speed, VIX has continuously improved its processing, storage, and storage capacity, system security and incorporating AI in stock trading. In particular, VIX has cooperated with FSS Financial Software Solutions Joint Stock Company to deploy XPower - a completely new stock trading system. XPower can bring superior utilities to customers such as: increased order processing speed, additional transaction utilities, and is the basis for integrating new products and services in the future.
Xpower is deployed synchronously on both platforms, WebTrading and MobileTrading, to help customers manage assets and make investments conveniently, quickly and effectively. Besides, with the desire to help customers make more positive changes in accessing Big data, VIX launches additional AI trading features integrated on the online trading platform: https: //xpower.vixs.vn/priceboard.
The advantage of strong financial resources, effective business operations and investment orientation for information technology and AI applications will be the foundation for VIX to continue to develop, improve competitiveness, and increase customers file, creating motivation for sustainable business activities. Because in the digital era, businesses with financial potential and the ability to focus on technology investment, combined with traditional business models, will have an advantage in a volatile business environment, especially in Vietnam stock market.
N.Nga
Source: VITIC/stockbiz