AsemconnectVietnam - VPBankS has just announced the Resolution of the General Meeting of Shareholders on raising the 2025 profit plan from VND2,003 billion to VND4,450 billion, the second highest plan in the securities industry, and at the same time announced the IPO plan of up to 25% of capital.

VPBank Securities Joint Stock Company (VPBankS) has just announced the Resolution of the General Meeting of Shareholders (GMS) on adjusting the 2025 business plan.
Specifically, VPBankS' total revenue according to the plan is adjusted from VND4,552 billion to VND7,117 billion, equivalent to an increase of 58%. Of which, the revenue plan from listed securities increases by 23% to VND2,589 billion; revenue from bond issuance consultancy increases by 4 times, nearly VND843 billion; Revenue from bond trading and other activities is expected to reach VND3,745 billion, up 68%.
Revenue targets increased sharply while total costs are expected to increase by only 7%. Therefore, the pre-tax profit plan for 2025 increased by 122%, from VND2,003 billion to VND4,450 billion. With the newly updated plan, VPBankS is the securities company with the second highest profit target in the industry. Compared to the results of 2024, the profit plan for 2025 is about 4 times higher.
VPBankS is the only securities company in the financial ecosystem of Vietnam Prosperity Joint Stock Commercial Bank (VPBank, code VPB - HOSE). With the support of its parent bank VPBank, VPBankS increased its charter capital to VND15,000 billion in the first year of operation under the new brand, the largest in the market at that time.
VPBankS' outstanding margin loans as of the end of June 2025 reached nearly VND18,000 billion, doubling in just 6 months. However, with strong capital potential, VPBankS still has a limit of nearly VND19,000 billion for margin loans in the context that many securities companies have reached the prescribed limit. This will be one of the driving forces for VPBankS to continue growing in the future.
VPBanks' advantage is that it belongs to the VPBank financial ecosystem with a scale of more than 30 million customers and a distinct expanded ecosystem including banking - consumer credit - securities - insurance, giving VPBankS the ability to connect and effectively exploit resources, creating distinct advantages. This resonance opens up a large development space, helping the company increase coverage, optimize costs and enhance the experience for investors.
Another important highlight is that VPBankS chose its own path of building a financial technology company instead of the traditional securities model, investing heavily in technology infrastructure, applying artificial intelligence (AI) to serve hundreds of thousands of customers at the same time and launching new products such as StockGuru - the first securities investment consulting assistant in Vietnam applying Agentic AI technology.
With the philosophy of becoming a "Michelin restaurant", VPBankS meets a variety of customer needs, including: stocks, bonds, derivatives, fund certificates, sample investment portfolios, etc.
After 3 years of operation, VPBankS has recorded outstanding growth. In 2022, the Company reported a pre-tax profit of VND542 billion, 81 times higher than in 2021. In 2023, VPBankS's business activities continued to accelerate, joining the "club of securities companies reporting profits of thousands of billions" with a profit of VND1,255 billion, becoming one of the important pieces of the VPBank financial ecosystem.
In the first half of 2025, the breakthrough was even stronger when the Company reported a record pre-tax profit of nearly VND900 billion, an increase of 80% over the same period last year, entering the top 5 of the industry. Total assets reached nearly VND51,000 billion with equity of nearly VND18,200 billion, in the top 3 and top 4 of the whole market.
Along with adjusting the profit target, VPBankS also announced its plan to offer shares to the public for the first time (IPO) and register to list shares on HOSE or UPCoM, depending on the offering results. According to the offering plan, VPBankS plans to issue up to 25% of the total outstanding shares to domestic and foreign individuals and organizations in need, equivalent to 375 million shares. After the offering, the maximum number of shares will reach 1.875 billion units, equivalent to a charter capital of VND18,750 billion - the third largest in the industry. The Company's Board of Directors is authorized to decide on the offering price, ensuring that it is not lower than the book value according to the audited 2025 semi-annual financial report of VND12,130/share. The expected offering period is from the third quarter of 2025 to the second quarter of 2026, after the State Securities Commission issues a certificate of registration for public offering of shares.
According to the capital use plan, 30% of the proceeds from the offering will be used to supplement capital for investment and securities trading activities, the remaining 70% will be used to supplement capital for margin lending activities and other legal business activities of the company. VPBankS's General Meeting of Shareholders has also just passed a resolution to increase the maximum foreign ownership ratio to 100%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan