AsemconnectVietnam - Rong Viet Securities (code VDS) has just announced its Q4 Financial Report and 2024 business results (separate) with total revenue of over VND1,003 billion, after-tax profit of VND285.7 billion, completing 104% and 100% of the annual business plan, respectively.

Completing the 2024 revenue and profit plan
According to the published Q4/2024 Financial Report (separate), Rong Viet recorded revenue of VND160 billion. Unfavorable market developments and low liquidity in the last quarter of the year caused Rong Viet's brokerage and proprietary investment revenue to decrease significantly compared to the same period last year. At the same time, increased costs led to a negative profit after tax in Q4/2024 of VND20.6 billion.
In 2024, the Vietnamese stock market faces many challenges when the VN-Index fluctuates in a narrow range of 1,200 - 1,300 points most of the time, market liquidity drops sharply in the second half of the year and foreign investors net sell a record of more than VND93,000 billion. However, with the orientation from the beginning of the year of "Promoting internal strength - Enhancing position", Rong Viet has taken advantage of opportunities in the market and still achieved relatively positive business results for the whole year. Accumulated in 2024, Rong Viet achieved impressive revenue of VND1,003.2 billion, up 23.8% compared to 2023 and completing 104.3% of the yearly plan. Total costs recorded VND653.1 billion, up 62.5% compared to the previous year. Pre-tax and after-tax profits reached VND350.1 billion and VND285.7 billion, respectively, equivalent to 98.6% and 100.3% of the parent company's individual plan. Of which, gross profit from investment activities reached VND302.4 billion, far exceeding the set plan with a completion rate of 161.7%.
At the end of 2024, Rong Viet's total assets and equity both increased sharply by 20.3% and 15.9% compared to the end of the previous year, reaching VND6,361 billion and VND2,772 billion, respectively. This is also the highest level in Rong Viet's 18-year history of operation. The company's ROEa and ROAa ratios are 11.07% and 4.90% respectively; EPS reaches VND1,176/share, belonging to the group of securities companies with high operating efficiency in 2024.
Rong Viet's financial indicators are always maintained at a safe level and are many times higher than the regulations. Specifically, as of December 31, 2024, the financial safety ratio reached 506% (minimum 180%), the debt/equity ratio was 1.29 times (maximum 5 times) and the margin loan/equity ratio was 0.93 times (maximum 2 times).
In addition, Rong Viet Fund Management Company (VDAM) achieved revenue of VND21.3 billion and profit after tax of VND1.1 billion, respectively completing 102% and 17% of the yearly plan. Notably, RongViet Active Investment Fund (RVIF) achieved NAV growth of 16.6%, two asset management consulting service portfolios (wealthDragon), RongViet Growth and RongViet Wealth, achieved performance of 26.2% and 30.5%, respectively, and surpassing the growth of VN-Index in the past year.
18-year mark of "Steady growth"
After 18 years of establishment and development, RongViet has gradually affirmed its reputation and position in the Vietnamese stock market with many impressive milestones.
In 2024, RongViet successfully increased its charter capital from VND2,100 billion to VND2,430 billion and issued 4 separate corporate bond tranches with a total mobilized capital of more than VND3,089 billion. VDS stock price also had impressive growth in the past year, bringing the capitalization value of Rong Viet to more than VND5,000 billion, up 41% compared to the beginning of the year.
According to the independent credit rating results just announced in early 2025, Rong Viet was ranked by prestigious organizations such as Moody's and Saigon Ratings on par with the rating of the Securities industry, with the same outlook as "Stable". This result reflects Rong Viet's continuous efforts in improving operational efficiency, promoting the application of digital transformation and flexibility in business management and operations.
With the motto "Taking customers as the center", Rong Viet continuously improves and launches many new features, products and services along with incentive programs to support improving the experience and investment efficiency of customers.
At the same time, Rong Viet promotes the goal of sustainable development through efforts to create a prosperous future with employees, actively contributing to the development of the Vietnamese stock market and sharing the results of development with the community and society.
For employees, Rong Viet always focuses on building a dynamic and attractive working environment, implementing the best welfare policies, including the issuance of ESOP shares in 2024, along with team bonding activities, strengthening training and development. Rong Viet also promotes compliance and social responsibility, business ethics, and fulfilling corporate obligations to state agencies.
For employees, Rong Viet always focuses on building a dynamic and attractive working environment, implementing the best welfare policies, including issuing ESOP shares in 2024, along with team building activities, enhancing training and development. Rong Viet also promotes compliance and social responsibility, business ethics, and fulfilling corporate obligations to state agencies.
In the past year, Rong Viet has implemented many charity programs, sponsoring the community and society with a total budget of more than VND3 billion. In addition to annual programs for students in remote areas with difficult circumstances or helping people celebrate Tet, in 2024, Rong Viet will also join hands to support people in the North affected by Typhoon Yagi, implement tree planting programs, award scholarships, and organize practical stock competitions for students, educational workshops on financial management for parents and students of all levels... Rong Viet's efforts are recognized through many prestigious awards at home and abroad such as: Outstanding financial brokerage service and other awards at the Vietnam Financial Advisors Summit 2024, HR Asia Award - Best Workplace in Asia for the 3rd consecutive year, Global Banking & Finance Award for Outstanding Innovative Investment Analysis Platform 2024; Top 10 Best Annual Reports (Finance Group) and Top 10 Best Corporate Governance Enterprises (Mid-cap Group) at the Listed Company Poll 2024; Typical M&A consulting organization 2023 – 2024,…
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Source: VITIC/Tinnhanhchungkhoan