Nhat Viet Securities on the rise, setting challenging goals for 2025

Accordingly, in 2024, VFS's revenue will reach VND 293.67 billion, up 20.1% compared to 2023 and completing 104% of the plan. Profit after tax will reach VND 125.17 billion, completing 101% and growing strongly by 46% compared to 2023.

Specifically in the report, VFS's Proprietary Trading activities reached VND 129.14 billion, + 34yoy; Financial Services revenue reached VND 96.64 billion, + 76yoy; Brokerage revenue reached VND 48.82 billion, + 8yoy. Despite the fierce competition in the stock market with the trend of free transactions from many competitors, VFS still maintains its appeal with the number of newly opened accounts increasing by 26% compared to the end of 2023, affirming the strategy of expanding market share & creating a premise to promote other products/services to the market.

Looking back at 2024, VFS's Board of Directors 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.

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

The 2025 business plan is the highest and most challenging in the Company's history.

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 the Company's history.

The 2025 Shareholders' Meeting marked a successful business year for VFS.

Also within the framework of the congress, the General Meeting of Shareholders approved the plan to pay 8% stock dividends in 2024, after being approved by the State Securities Commission. The company also plans to offer 120 million shares to existing shareholders in 2025, after completing 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.

Thus, in 2025, the Board of Directors and the Board of Management of VFS will continue to plan to increase the charter capital; pay dividends in shares from undistributed profits in 2023 and 2024; complete the application for a derivatives 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 and attract new customers.

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

Within the framework of the meeting, the General Meeting 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 & 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.

Explaining this content, the Board of Directors of the Company aims to operate in a streamlined manner with the most optimal number of members when members have deep expertise in Administration, Information Technology, and Financial Auditing. In addition, the Board of Directors will increase the use of senior experts and professional councils to support decision-making and implement the delegation of proactive and flexible authority to the Executive Board. This is a common trend in management, with the desire to streamline the apparatus, minimize decision-making layers, and separate the strategic management role of the Board of Directors from the executive role of the Board of Directors.