On October 13, VIX Securities announced Q3 2025 financial results, reporting revenue of 3,222 billion VND, up 482% year-on-year, and pre-tax profit of 3,048 billion VND, over 9 times higher than 325 billion last year. The growth was mainly driven by proprietary trading, with profits from financial assets reaching 2,751 billion VND, accounting for 85% of revenue. VIX locked in profits from stocks like VSC, BSR, HAH, and plans to invest 2,000 billion VND in VPBank Securities’ IPO. Dragon Capital also plans to invest 1,350 billion VND. This interest from institutions highlights the attractiveness of this major IPO following FTSE Russell’s market upgrade. VPBank Securities aims to sell 375 million shares and expect to raise over 12,712 billion VND, with a projected P/E of 14.3 times for 2025. The company reported 3,260 billion VND profit and aims to be the top margin lender by 2030.
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