Market’s Loan Balance Reaches a Record 300 Trillion Prior to VN-Index Surge of 120 Points

As of the end of Q2 2025, the loan balance at securities companies reached a record of approximately 300 trillion VND, an increase of 20 trillion from Q1. The margin loans accounted for about 292 trillion VND. Leading securities firms like SSI, VPBankS, TCBS, and VIX reported significant increases in their loan balances, with SSI at the forefront. Despite the growth, SSI has yet to surpass TCBS, although the gap is narrowing. However, some companies such as HSC, Mirae Asset, VNDirect, and VPS experienced declines in loan balances due to lending capacity limits. The market shows a clear differentiation in lending activity. Towards the end of June, thanks to economic conditions, the VN-Index rose by 120 points, largely driven by strong foreign buying. There are predictions that Vietnam may be upgraded by FTSE to emerging market status, which would spur growth.