Ms. Ton Minh Phuong, the New CEO of Vietcap Securities
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On October 30, Vietcap Securities announced significant changes in its senior leadership. Notably, Mr. To Hai stepped down as CEO and legal representative. Succeeding him is Ms. Ton Minh Phuong, currently the Executive Director of the Investment Banking Division. This change takes effect on November 18, 2025, with a five-year term.
In his resignation letter, Mr. To Hai cited “personal reasons” for leaving the CEO position, emphasizing that his resignation would be effective upon board approval. Despite stepping down, Mr. Hai remains a Board Member and holds nearly 18% of the company’s shares, making him Vietcap’s largest shareholder.
This transition marks a pivotal generational shift. Mr. To Hai has led Vietcap since 2007, shaping it into one of Vietnam’s leading private securities firms over nearly two decades as CEO.
From left: Vietcap Chairwoman Nguyen Thanh Phuong, new CEO Ton Minh Phuong, and Mr. To Hai
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Ms. Ton Minh Phuong’s appointment is a notable milestone, as Vietcap now joins the rare ranks of securities firms with both a female Chairwoman and CEO. Previously, Ms. Nguyen Thanh Phuong, the Board Chairwoman, has been a prominent figure in finance, closely associated with Vietcap since its inception.
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On the same day, October 30, Vietcap appointed Mr. Tuan Nhan, Executive Director of the Brokerage and Institutional Securities Trading Division, as Deputy CEO for a five-year term starting November 18, 2025. Concurrently, the company approved the resignation of Mr. Dinh Quang Hoan as Deputy CEO, effective November 3, 2025.
Notably, just days earlier on October 15, Vietcap’s Board appointed Mr. Dinh Quang Hoan as Standing Vice Chairman for the 2021-2026 term.
In Q3 2025, Vietcap reported a net profit of over VND 420 billion, double that of the same period last year, driven by strong contributions from brokerage and margin lending. In the first nine months, the company achieved nearly VND 900 billion in net profit, a 30% increase year-on-year, fulfilling 76% of its annual plan.
| Vietcap’s Quarterly Business Results (2023-2025) |
On the Ho Chi Minh City Stock Exchange (HOSE), VCI shares traded at VND 37,250 per share on October 31. While maintaining an 8% year-on-year increase, the stock faces short-term pressure, dropping over 14% in the past month. Average daily liquidity stands at nearly 9.2 million shares.
| VCI Stock Price Performance Over the Past Year |
– 10:52 31/10/2025
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