SSI Chairman Nguyen Duy Hung: There is no reason to adjust the business plan.

On April 18, SSI Securities Corporation held its annual general meeting of shareholders. SSI forecasts that 2025 will be a year of many opportunities for the Vietnamese stock market. Circular 68, which will be implemented from the end of 2024, will partly remove barriers for foreign investors, which is an important premise for FTSE Russell to consider upgrading Vietnam to an emerging market in the upcoming September review.

However, in addition to the great potential that needs to be exploited, the stock market still has risks, most notably the net selling pressure of foreign investors. In 2024, foreign investors net sold more than VND 92,000 billion in the stock market, and in the first months of 2025, this trend has shown no signs of cooling down.

SSI remains optimistic, aiming for 20% profit growth in 2025

PHOTO: Contributor

SSI Securities Company aims to maintain its position as the leading financial institution in Vietnam in the 2025-2030 period, expanding its operations to a multi-functional financial group, providing a full range of modern financial services. Specifically, the business target is VND 9,695 billion in revenue, up 11%, and pre-tax profit of VND 4,252 billion, up 20% compared to the results in 2024. This plan is based on the scenario that the VN-Index fluctuates between 1,450 - 1,500 points, with an average liquidity of VND 19,500 billion/session.

SSI Chairman Nguyen Duy Hung shared that the plan was made at the end of last year, before there were fluctuations in the stock market. But looking back at the numbers from the end of 2024, foreign investors have withdrawn a lot. The government has taken many strong steps to promote the private sector. With those conditions, there is no reason to adjust the business plan. If there are no too terrible fluctuations. SSI is one of the companies that puts risk management at the highest level. For more than 20 years, SSI has not suffered any consequences after strong fluctuations. I dare not affirm that we will not be affected, but we will try and I believe that we will complete the plan.

A notable content is the proposal to continue implementing plans to offer and issue shares from 2024. Accordingly, SSI plans to offer privately in 2025 - 2026. The charter capital after the offering will be increased to more than VND 20,779 billion. The proceeds from the offering will be used to supplement capital for margin trading activities, underwriting, investment in deposit certificates, valuable papers, etc.

Source: https://thanhnien.vn/chu-tich-ssi-nguyen-duy-hung-khong-co-ly-do-gi-de-dieu-chinh-ke-hoach-kinh-doanh-185250418140106389.htm