At the event, Mr. Nguyen Lam Dung emphasized the immense potential of Vietnam’s stock market in the future. He highlighted several favorable macroeconomic factors, including a young and tech-savvy population. Statistics reveal that Vietnam has 86 million monthly social media users, 143 million mobile subscriptions, and 64 million individuals aged 18 and above. However, as of September 2025, there are only 11 million securities accounts, with approximately 8 million unique accounts, many of which remain inactive.
According to VPS’s leadership, one of the key drivers of the stock market is the government’s desire to develop a robust capital market. This is evident in countries like Japan, which adjusted tax policies to encourage young people to open securities accounts, and India, which aims to introduce solutions for citizens to invest $3 monthly in the stock market.
In mature markets such as the US and Europe, stock market participation rates range from 30% to 40% of the population. Taiwan boasts one of the highest participation rates globally, at 75%.
Vietnam’s market saw a trading volume of $44 billion in August, the highest in Southeast Asia. Mr. Dung stressed, “The growth potential of the stock market is enormous, with millions still unaware of financial investment opportunities.”
Mr. Dung also acknowledged the efforts of the Government, Ministry of Finance, and State Securities Commission in upgrading Vietnam’s stock market to Secondary Emerging status according to FTSE Russell standards. This upgrade places Vietnam on the global investment map, attracting multi-billion-dollar funds.
The Ministry of Finance and SSC have implemented various policies to promote market products, including shortening IPO timelines and allowing FDI companies to list, with applications accepted in the coming months. Technological advancements, such as the KRX system, will enable market expansion and support new products and policies, including forward stock sales and midday trading.
Mr. Nguyen Lam Dung, Chairman and CEO of VPS, speaking at the event
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VPS’s Three Pillars for Seizing Opportunities
When asked about VPS’s strategy to capitalize on these opportunities, Mr. Dung outlined three key pillars. First, the company will continue expanding its existing business segments, combining modern technology with high-quality brokers. This includes ongoing recruitment and training of brokers.
Second, VPS plans to invest over $100 million in technology infrastructure over the next three years, doubling its tech personnel from 200 to 400, focusing on data and artificial intelligence.
Third, the company aims to diversify its products and services. With the market upgrade, VPS will explore services for institutional clients. Following the recent approval of the Crypto Asset Law, VPS will collaborate with crypto exchanges to create new investor products. Additionally, through blockchain technology, VPS seeks to fractionalize large investments, such as real estate, making them accessible to smaller investors.
Lastly, VPS will strengthen partnerships to expand its customer base and develop cross-selling products.
Adopting the VCK Stock Code
A highlight of the event was VPS’s announcement of its planned stock code, VCK, in anticipation of its upcoming IPO and listing. This is part of a capital increase strategy approved by the 2025 Extraordinary Shareholders’ Meeting, which includes issuing 710 million bonus shares, IPOing up to 202.31 million shares, and privately placing 161.85 million shares. Upon completion, the total shares will increase from 570 million to 1.64 billion, raising the charter capital from VND 5.7 trillion to over VND 16.4 trillion, nearly tripling its size.
 VPS announces its planned stock code, VCK
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In other recent developments, VPS’s Board of Directors revised its 2025 business plan, increasing net revenue from VND 8.5 trillion to VND 8.8 trillion (up 3.5%), pre-tax profit from VND 3.5 trillion to VND 4.4 trillion (up 25%), and after-tax profit from VND 2.8 trillion to VND 3.5 trillion (up 25%).
According to updated investor materials as of September 29, VPS estimates a nine-month after-tax profit of over VND 2.5 trillion. With a reported after-tax margin of 42.8%, the corresponding net revenue is approximately VND 5.9 trillion, achieving 67% and 72% of the revised revenue and profit targets, respectively.
– 16:28 12/10/2025
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