AsemconnectVietnam - Techcombank Securities Joint Stock Company (TCBS - stock code TCX) has just announced its Annual General Meeting (AGM) documents, outlining a plan to maintain double-digit growth while expanding its digital financial ecosystem. The meeting is scheduled to take place on April 25th at the Almaz International Conference Center, Hoa Hong Street, Vinhomes Riverside Urban Area, Phuc Loi Ward, Hanoi.

Accordingly, despite the uncertain macroeconomic environment in 2026, TCBS still aims for high growth, with projected revenue of VND13,227 billion, a 26% increase, and pre-tax profit of VND7,535 billion, an 18% increase compared to 2025 (excluding unusual circumstances). The expectation of market upgrade in September 2026 is seen as a medium-term supporting factor, although accompanied by short-term fluctuations in cash flow and investor sentiment.
In parallel with its business plan, TCBS plans to continue increasing capital through stock dividends and an ESOP program, thereby raising its charter capital to over VND27,700 billion. Specifically, TCBS plans to issue over 556,000 ESOP shares, equivalent to only 0.0241% of outstanding shares, at par value of VND10,000 per share. ESOP shares will be restricted from transfer for one year.
To realize its growth targets, TCBS continues to focus on its core business pillars while expanding its digital financial services ecosystem.
In the capital market segment, the company aims to accelerate the issuance and distribution of corporate bonds. Simultaneously, the product strategy is expanding towards diversification and personalization, from fund certificates and automated portfolios to warrants, while also researching new products such as digital assets and gold when legal conditions permit.
In the brokerage and margin trading segment, TCBS continues to maintain its zero-fee policy, combining flexible loan packages and personalized interest rates for each customer group and stock code, aiming to maintain a competitive advantage in an increasingly fragmented market.
Notably, the company continues to pursue a "no broker" model, focusing on technology platforms, algorithmic trading, API connectivity, and digital investment tools, instead of relying on traditional brokerage teams.
In the customer segment, TCBS aims to expand its high-quality customer base by leveraging the financial-banking-insurance ecosystem, while upgrading its infrastructure to attract domestic and foreign institutional capital, anticipating trends after its upgrade to market status.
In the long term, the company stated it is researching a digital investment banking model, digitizing the entire value chain from IPOs and M&A to bond issuance, aiming for a central role in capital flows in the market.
In 2025, TCBS recorded total revenue of VND11,217 billion, exceeding the plan by 20% and increasing by 47% compared to the previous year. Pre-tax profit reached VND7,109 billion, an increase of 48% and completing 123% of the target.
Notably, 2025 also marks a turning point as TCBS officially IPOs and lists on the HOSE, with subscription volume exceeding 2.5 times, raising over VND10,000 billion.
After listing, the company's total assets reached over VND80,632 billion, an increase of 51% compared to the end of the previous year, making TCBS the securities company with the largest market capitalization.
Another notable point is the shift in the growth model, with 60% of new accounts opening directly through TCBS, rather than relying on the parent bank's ecosystem. By the end of 2025, the company had surpassed 1.2 million customers, while margin lending reached over VND43 trillion, accounting for over 11% of the market share.
N.Nga
Source: VITIC/Tinnhanhchungkhoan