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Specifically, 2,311,308,021 shares of TCX were listed with a reference price of VND 46,800 per share, fluctuating within a ±20% range. This brought the market capitalization of TCX to over VND 108,000 billion (approximately USD 4.2 billion) during its first trading session.
At the ceremony, TCBS received the Listing Decision and conducted the bell-ringing ceremony to mark the first trading session on the HOSE. The event was attended by representatives from the Ho Chi Minh City Stock Exchange (HOSE), the leadership of Techcombank, TCBS executives, shareholders, and prominent investors.
Established in 2008, TCBS was one of the first securities companies in Vietnam to adopt a unique business model, eschewing traditional brokerage methods in favor of investing heavily in technology, data, and user experience. The “zero broker” strategy has positioned TCBS as a pioneer in applying the phy-gital distribution model, combining the digital platform TCInvest with the physical ecosystem of its parent bank, Techcombank, to deliver a seamless digital investment experience for customers.
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Left: Ms. Trần Anh Đào, Deputy CEO of HOSE – Right: Mr. Nguyễn Xuân Minh, Chairman of TCBS
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In recent years, TCBS has achieved remarkable growth. Since the launch of its 5-year WealthTech strategy in 2021, the company has aimed to become the “Maestro of Vietnam’s Capital Flow.” TCBS has made significant strides with innovative initiatives: in 2021, it introduced a 100% online free lucky number account opening feature, attracting over 30% of new accounts during the COVID-19 lockdown; in 2022, it became the first securities company to apply blockchain technology in corporate bond management, setting a new standard for transaction data transparency in Vietnam; and in 2023, it pioneered unlimited free stock trading for investors.
Over the past two years, TCBS has solidified its leadership in the international capital market by successfully raising unsecured syndicated loans totaling over USD 991 million (VND 25,378 billion) by 2025—a record in Vietnam’s securities industry. This achievement not only underscores TCBS’s financial strength and credibility but also reflects international institutions’ confidence in its WealthTech model.
After more than a decade of growth, TCBS maintains its leadership in operational efficiency, with one of the lowest cost-to-income ratios (CIR) in the market, while sustaining steady profit growth. In 2024, pre-tax profit reached VND 4,802 billion. In the first nine months of 2025, pre-tax profit was VND 5,067 billion, achieving nearly 90% of the annual target. With equity of over VND 42,400 billion and charter capital of VND 23,113 billion—the largest in the industry—TCBS is among Vietnam’s most financially robust securities companies.
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In September 2025, TCBS made headlines with its initial public offering (IPO). Over 575 million shares were subscribed by investors, 2.5 times the offered amount, attracting more than 26,000 investors, including 78 prestigious financial institutions and funds with total subscriptions exceeding USD 500 million. Notably, 90% of subscriptions were made online via the iPO feature on TCInvest, showcasing TCBS’s technological prowess in digitizing the entire IPO process.
Remarkably, TCX was approved for listing just 30 days after the IPO results were announced. This was one of the first listings under Decree 245/2025/NĐ-CP, highlighting TCBS’s swift execution, high compliance standards, and strong collaboration with regulators and the exchange.
Mr. Nguyễn Xuân Minh, Chairman of TCBS
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Mr. Nguyễn Xuân Minh, Chairman of TCBS, shared: “We extend our deepest gratitude to the State Securities Commission, the Ho Chi Minh City Stock Exchange, and all regulatory bodies for their dedicated and professional support. Today, TCBS is proud to join the HOSE family, standing alongside Vietnam’s leading enterprises—the ‘big brothers’ who have laid a strong foundation for the sustainable growth of the stock market.
We also thank our shareholders, partners, and especially our parent bank, Techcombank, for their unwavering support throughout our journey. With Techcombank’s guidance, TCBS has achieved its current success.
Today’s listing is not just a milestone but the beginning of a new growth phase. TCBS will continue to expand its scale and profitability, meeting the expectations of domestic and international investors. As we conclude our 5-year strategy in 2025, we embark on a new 5-year plan, venturing into emerging areas like digital assets, digital gold, peer-to-peer lending, and crowdfunding. Our guiding principle is to create differentiation—in thought, technology, and people—to lead not only in securities but also in building a sustainable, regional-scale wealth management market. We look forward to continued support from all stakeholders to elevate Vietnam’s position in the region.
Ms. Hoàng Thị Hoa, Senior Securities Specialist at Dragon Capital Vietnam, commented: “TCBS is a leading securities company and a highly successful startup in Vietnam. It has established a standardized operating system, effectively serving investors, and has solidified its position as the market leader in bonds while making significant strides in equities. We commend TCBS’s high-quality workforce, forward-thinking strategy, and adoption of new technologies like blockchain. Today’s listing on HOSE marks a significant milestone, signaling the return of large-scale IPOs and attracting both domestic and international investors. This underscores the growing appeal of Vietnam’s stock market. We hope TCBS will continue to innovate, serving not only domestic investors but also international ones, enabling global comparisons and fostering a more competitive, attractive, and transparent investment environment.”
About Techcom Securities Joint Stock Company (TCBS)
TCBS, a subsidiary of Techcombank, has been the most profitable securities company in Vietnam for six consecutive years (2019–2024). Beyond its diverse investment products and financial solutions, TCBS boasts a large IT workforce and is a pioneer in WealthTech, aiming to become a global leader in financial technology. In 2025, FiinRatings assigned TCBS an inaugural issuer credit rating of AA- (Very Good) with a “Stable” outlook—the highest among rated securities companies.
Recently, TCBS announced a 2024 dividend plan of 5% in cash and 20% in shares, demonstrating its robust financial foundation and commitment to delivering stable, long-term value to shareholders. The dividend will be paid from undistributed after-tax profits as per the 2025 audited financial statements, with a record date of October 30, 2025.
Website: https://www.tcbs.com.vn
Contact: Kim Ngân
– 12:30 21/10/2025
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