Vietnam’s leading securities companies are set to convene shareholder meetings at a pivotal moment for the country’s stock market. VPS Securities JSC recently announced its plan to hold an extraordinary general meeting (EGM) for the second time in 2025, with a record date of September 8. The meeting is expected to take place in October, and specific details are yet to be disclosed.
About a week earlier, VNDIRECT Securities Corporation (code: VND) approved a plan to organize an extraordinary general meeting of shareholders in 2025. VNDirect will finalize its shareholder list on September 3, 2025, and further details regarding the timing, venue, and agenda will be announced later.
Similarly, SSI Securities Corporation (code: SSI) has announced a record date of August 20, 2025, for shareholders to exercise their rights to attend an extraordinary general meeting (EGM) in 2025. The corresponding ex-rights date is August 19, 2025.
The EGM is scheduled for September 25, 2025, and SSI will provide detailed information about the content and venue of the meeting in the invitation letter to shareholders.
This series of shareholder meetings comes as the stock market is experiencing its most dynamic phase in history. On August 21, the VN-Index marked its fourth consecutive gaining session, closing at an all-time high of 1,688 points.
Investor enthusiasm has fueled a surge in liquidity since the beginning of August, with trading values regularly reaching VND 40-50 trillion per session and even peaking at VND 85 trillion.
Shares of securities companies have naturally joined the rally. Since the beginning of July, notable gainers include VIX (+170%), MBS (+57%), CTS (+58%), SSI (+50%), and HCM (+33%), with some stocks reaching all-time highs.
In related news, several leading securities companies are gearing up for IPOs. Notably, TCBS plans to offer up to 231.15 million shares, equivalent to 11.1% of its current charter capital, to the public at a starting price of VND 46,800 per share. Following the IPO, TCBS’s market capitalization is expected to reach approximately USD 4.1 billion.
According to sources, VPBank Securities also intends to conduct an IPO in Q4 2025.
In reality, securities stocks are still considered to have significant growth potential, given the compelling narratives surrounding the industry. One such narrative is the anticipated upgrade of Vietnam’s market status by FTSE Russell.
Renowned domestic and foreign institutions predict that Vietnam is highly likely to be promoted to a secondary emerging market by FTSE Russell in their upcoming annual review later this year. This upgrade is expected to attract billions of dollars in foreign capital, fostering the growth of Vietnam’s stock market in terms of scale and liquidity.
In this context, securities companies are poised to be among the direct beneficiaries. Additionally, the emerging digital asset sector in Vietnam, which is gradually being regulated, is also anticipated to offer exciting opportunities for securities companies alongside the traditional stock market.
What Stock Ticker Was the Focus of Prop Trading by Securities Companies on August 21st?
The proprietary trading arms of securities companies continued their net buying streak on the HoSE, with a value of VND 316 billion.
Stock Market Update for August 22: Stocks Set for Volatile Session
The August 21st session witnessed a distinct shift in focus towards large-cap stocks, indicating a clear differentiation in cash flow. With this strategic shift, the stock market session on August 22nd is expected to be full of surprises and unpredictable twists.
The Bank Stock Blues
The domestic stock market ended the week with a significant drop in the VN-Index, the largest decline seen this month, shedding over 42 points. This development comes on the back of a heated rally in previous sessions, particularly in the banking sector.
MBS: Short-Term Adjustment Risks Rise, VN-Index May Retreat Below 1,600 Points by Late August
The market may enter a phase where “the index goes one way, and the portfolio another.” MBS observes this dichotomy amid record-high liquidity and substantial gains in leading stock sectors.
“Sign Up and Invest in TCBS IPO in Just 1 Minute”
For investors eager to seize the opportunity of investing in an initial public offering (IPO) through the iPO feature on TCInvest, it is imperative to be mindful of crucial timelines.
