AsemconnectVietnam - Shareholders directly questioned the Board of Directors of Vietcap Securities JSC (VCI) about the information on the market that VCI is the consulting unit to sell 32.5% of STB's capital at VAMC, is it correct or not? Ms. Nguyen Thanh Phuong, Chairwoman of VCI's Board of Directors, said that VCI did not participate in consulting on this deal.

The Vietcap Securities JSC (VCI) Shareholders' Meeting held this afternoon approved all the reports submitted to the meeting.
In 2024, operating revenue will be VND3,695 billion, up 49.5% compared to 2023, exceeding 47% of the plan, pre-tax profit will be VND1,089 billion, up 91%, exceeding 55.6%. Margin loans reached VND11,222 billion by the end of 2024, up 40% compared to the end of 2023. ROE recorded in 2024 was 14.8% on average (after excluding the difference in fair value asset valuation from equity and additional equity from the private placement at the end of November 2024), among the market leaders
In 2025, VCI plans to achieve revenue of VND4,325 billion, up 15% compared to 2024. Pre-tax profit reached VND1,420 billion, up 30%. The company plans to pay dividends at a rate of 5-10%, authorizing the Board of Directors to decide on the payment level and form of payment depending on the actual situation.
According to Ms. Nguyen Thanh Phuong, Chairwoman of VCI Board of Directors, the goal is to continue to firmly maintain the position of Top 5 securities companies with the largest brokerage market share on HOSE in general and the leading position in the brokerage market share for institutional clients. At the same time, increase the scale of margin lending and securities investment activities to optimize capital resources. If the proposed plan is completed, Vietcap will have the highest revenue figure in its history of operation. At the same time, pre-tax profit also reached a 4-year high and the second highest in VCI's operating history, just lower than the VND1,851 billion figure in 2021.
The 2025 business plan is based on the fact that the world and Vietnam's macro economy is expected to have many variables, continue to develop complicatedly and the VN-Index will fluctuate around 1,400 points by the end of 2025.
In particular, in the brokerage segment, VCI's target of No. 1 market share of institutional customers (30%) continues to be maintained. For individual customers, more focus will be placed on the individual customer segment, making breakthrough changes revolving around two pillars. Including, First, building the most trusted brand in the Vietnamese securities industry. Vietcap will develop a financial product ecosystem that fully meets the diverse needs of customers, including stocks, bonds, derivatives, deposit products and wealth management.
Second, focus on digital transformation. In making decisions, we will take advantage of big data analysis to increase accuracy and efficiency. In terms of operations, Vietcap aims to automate and upgrade many operational processes from the front office (the block that directly contacts customers) to the back office.
In the capital business segment, VCI aims to take advantage of cheap capital through foreign syndicated loans to serve margin lending activities. Vietcap considers margin lending activities as a supplementary service to meet customer needs, rather than being the focus of the business model. The decision to invest more capital in this activity comes from the actual needs of customers.
In the IB segment, from 2024, Vietcap is providing consulting services including IPO, M&A transactions, restructuring and divestment for a portfolio of deals, covering a variety of industries such as retail & consumer, education, industry, and freight. The company said it is working hard to complete a number of large deals and record revenue in 2025.
At the same time, VCI is expanding its customer base in both breadth (especially new industries that the Government has put into focus for development in the coming period) and depth (expanding the type of consulting services provided to each type of customer).
VCI's General Meeting of Shareholders approved the plan to issue more than 4.5 million shares under the 2025 Employee Stock Option Program (ESOP), equivalent to 0.627% of current charter capital, expected to be implemented in 2025.
The subjects eligible to buy shares are officers and employees who have signed an official labor contract with Vietcap Securities Joint Stock Company, meeting the standards of employees participating in the 2025 ESOP Program and approved by the Board of Directors in the list of participants in the 2025 ESOP Program
The issued shares will be restricted from transfer for 1 year from the end date of the issuance, corresponding to the end date of collecting money to buy shares from employees.
With an issuance price of VND 12,000/share, the Company can collect more than VND54 billion, all of which will be used to supplement working capital and reduce debt.
N.Nga
Source: VITIC/Tinnhanhchungkhoan