On March 20, 2025 in Hanoi, Nhat Viet Securities Joint Stock Company (stock code: VFS) held the 2025 General Meeting of Shareholders (GMS). The GMS approved the contents, including the 2025 business plan, the plan to increase charter capital, pay dividends in shares and approve the resignation of two senior personnel in the Board of Directors (BOD).

According to the Board of Directors' report, in 2024, VFS's revenue reached VND 293.67 billion, an increase of 20.1% compared to 2023 and 104% of the plan. Profit after tax was recorded at VND 125.17 billion, 101% of the plan and a strong growth of 46% compared to 2023.

All key business segments achieved positive results, VFS's proprietary trading activities reached VND 129.14 billion, + 34% over the same period; financial services revenue reached VND 96.64 billion, + 76% over the same period; brokerage revenue reached VND 48.82 billion, + 8% over the same period. VFS still maintains its appeal with the number of newly opened accounts increasing by 26% compared to the end of 2023, affirming its strategy of expanding market share & creating a premise to promote other products/services to the market.

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Ms. Nghiem Phuong Nhi - Chairwoman of VFS Board of Directors speaking at the 2025 Shareholders' Meeting

Looking back at 2024, VFS continues to focus on developing in the direction of gradually capturing market share through product/service packages, promoting investment in technology development, digitalizing operations in management, and optimizing the system. In mid-2024, VFS launched the VFS Invest product suite - "fit" & personalized for each investment style, at the same time, the company also completed the Trading 2.0 upgrade to update new utility features on online trading platforms (Web Trading, App Trading); to increase capacity, processing speed, and optimize customer trading experience. VFS has also invested in deploying a new Core Derivative Securities system on the Vgaia 2.0 platform, ready to operate immediately after being approved by the State Securities Commission.

In 2025, VFS maintains a positive view on the stock market. VN-Index is expected to fluctuate within the range of 1,260 - 1,400 points with improved liquidity, about 18 - 20 trillion VND/session when cash flow shifts from investment channels such as deposits, gold... to the stock market. In addition, the expected official operation of the KRX system and the upgrade story will be the driving force to boost the market as well as foreign capital to return after consecutive net selling in 2024.

VFS targets total revenue in 2025 at VND 515,155 billion, an increase of 75% compared to 2024; of which profit after tax is VND 137.98 billion, an increase of 10% compared to 2024. This is a challenging and highest growth rate in VFS's history.

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2025 Shareholders' Meeting marks a successful business year for VFS

Within the framework of the Congress, the Board of Directors submitted to the General Meeting of Shareholders for approval the plan to pay 8% stock dividends in 2024. This figure is expected to be 10% in 2025. In addition, the company also plans to offer 120 million shares to existing shareholders in 2025, after the end of the share issuance to pay dividends in 2023 & 2024. The capital raised from the issuance will be allocated to two main activities: margin loans and proprietary trading.

Orientation in 2025, VFS Board of Directors and General Director continue to plan to increase charter capital; pay dividends in shares from undistributed profits in 2023, 2024; complete application for derivative securities trading license; expand the scale of specialized personnel; expand the brokerage/investment consulting network; prioritize resources in investing in technology development to improve user experience & attract new customers.

Approving the dismissal of two senior personnel in the Board of Directors

Within the framework of the meeting, the Congress unanimously approved the resignation of two senior personnel in the Board of Directors for personal reasons, including Mr. Tran Anh Thang - Permanent Vice Chairman of the Board of Directors and Mr. Nguyen Xuan Diep - Independent Member of the Board of Directors. Accordingly, the VFS Board of Directors in 2025 will continue to operate for the 2024 - 2029 term with 03 personnel: Ms. Nghiem Phuong Nhi - Chairman of the Board of Directors, Ms. Nguyen Thi Lan - Independent Member of the Board of Directors and Mr. Hoang The Hung - Member of the Board of Directors. Mr. Tran Anh Thang will continue to hold the role of General Director of the Company.

Bich Dao