VDSC Annual General Meeting: Q1 2025 Estimated to Achieve 15% of Annual Revenue Plan, Chairman Discusses “Shock” from U.S. Tariffs

On May 3, 2025, Viet Dragon Securities Corporation (VDSC) held its annual general meeting, presenting a plan for 2025 with estimated revenues of VND 1,106 billion and pre-tax profits of VND 368 billion, including a plan to issue a maximum of 77 million shares to increase charter capital to VND 3,200 billion. In Q1 2025, VDSC is estimated to achieve 15% of its revenue target due to the impact of U.S. tariff policies. Chairman Nguyen Mien Tuan stated that VDSC’s growth targets are more modest compared to other securities firms. The company focuses on brokerage, lending, and asset management activities. The meeting also approved allocating 1% of profits to a charity fund and 2% to a reward fund. In 2024, VDSC recorded revenues of VND 1,041 billion, 6% more than planned. The Chairman noted market volatility and a lack of strategic investors as significant pressures for the firm.