Successful Capital Increase
Since the beginning of the year, market participants have witnessed a race to increase the charter capital of securities companies, aiming to seize opportunities in the potential Vietnamese stock market. So far, VIX Securities has been the fastest enterprise to reach this goal.
On September 20, VIX Securities announced information on the results of its equity issuance and offering to existing shareholders to increase capital. As a result, after completing four rounds of equity issuance and offerings, VIX Securities’ charter capital increased from VND 6,694 billion to VND 14,585 billion, becoming one of the companies with the largest charter capital in the Vietnamese stock market and one of the largest securities companies in terms of scale.
With a successful capital increase, VIX Securities now has the necessary resources to seize market opportunities. The new capital can help the company strengthen its core business activities, including investment (proprietary trading) and margin lending, meeting the needs of its ever-growing customer base.
Technological Breakthrough
In recent years, the competition among securities companies in brokerage activities has traditionally relied on factors such as the reach of their brokerage team network, the quality of investment advisory services, the diversity of capital sources and financial products, and the convenience of trading software. However, these traditional competitive factors are gradually changing. The application of AI is expected to be the most critical factor in supporting brokerage and investment advisory activities, creating a unique and long-term competitive advantage for a securities company.
This is why, along with enhancing its financial capacity, VIX has also heavily invested in technology with the strategic goal of becoming a securities company that is strong in capital and advanced in technology, meeting the increasingly high demands of its clients.
As early as mid-2023, VIX Securities grasped the investment trend globally and signed a strategic cooperation agreement with DATX Vietnam to promote the application of artificial intelligence (AI) in providing superior products and services to its customers.
By the end of January 2024, VIX introduced a completely new securities trading system, Xpower, implemented on both WebTrading and MobileTrading platforms, enabling customers to manage their assets and make investments conveniently, quickly, and efficiently.
Additionally, with the desire to help its clients take more positive steps in accessing Big Data, VIX Securities introduced the AI trading feature integrated into its online trading platform. Notable conveniences include the Market Status Clock, a tool that allows investors to monitor the real-time market risk status and indicates market risk trends over different time frames, enabling investors to make timely buy/sell decisions.
Moreover, VIX’s Xpower securities trading system has adopted the Advanced Charting version of TradingView – the most advanced and powerful charting library trusted by many securities companies worldwide for its effectiveness and reliability in providing investors and professional analysts with a comprehensive and accurate view of the financial market. Advanced Charting enhances data analysis capabilities and facilitates smart investment strategies, supporting customers in making more accurate investment decisions, optimizing profits, and minimizing risks.
It can be said that with the preparation of both capital and technology, VIX has been strengthening its competitive position in the Vietnamese stock market, ready to deliver optimal products and services to its clients.
Changes in Senior Management
According to a recent announcement, VIX Securities has approved the removal of Mr. Thai Hoang Long from the position of Chairman of the Board of Directors due to personal reasons. The removal of Mr. Long’s Directorship will be approved at the upcoming General Meeting of Shareholders and will take effect at the time of the approval. In the meantime, Mr. Nguyen Tuan Dung, a member of the Board of Directors, has been assigned to oversee the Board of Directors of the Company from September 27, 2024.
