In Q1 2025, VIX Securities recorded a revenue of 979.7 billion VND, a 2.7-fold increase compared to last year. The after-tax profit reached 372.3 billion VND, 2.3 times higher than the same period. This is a breakthrough result compared to other securities companies that reported declining profits or losses. All core business areas of VIX showed growth, with earnings from financial assets recognized through profit/loss (FVTPL) at 784.5 billion VND, a 3.8-fold increase, accounting for 80% of total revenue. The margin lending segment also performed strong, with profits of 160.7 billion VND, up 40%. Despite the challenges in the Vietnamese stock market due to tariff shocks, VIX has promising prospects due to political and economic reforms supporting growth. The Vietnamese government aims for an 8% GDP growth in 2025 and anticipates market upgrades in 2025, potentially attracting significant capital inflows.
Leave a Reply