CEO Vu Huu Dien: VPX Strategically Times Its IPO, Setting High Expectations for 2026

At the listing decision ceremony and the official stock trading debut on HOSE on the morning of December 11th, Mr. Vu Huu Dien, CEO of VPBank Securities JSC (VPBankS, HOSE: VPX), shared several noteworthy insights.

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CEO Vu Huu Dien delivers a speech at the listing ceremony and the official trading day of VPX shares – Photo: Huy Khai

VPX to Offer High-Quality Investment Opportunities

According to VPBankS CEO, the current timing for listing on the HOSE is ideal, following the company’s highly successful business phase. The bank anticipates maintaining an average growth rate of 32% annually over the next 3–5 years, building on its established foundation.

External conditions are also favorable, with the stock market showing robust growth and an expected upgrade in September 2026. New mechanisms and products, such as midday trading and T+0 settlement, introduced after the successful KRX system launch in May, will further enhance market attractiveness for international capital.

“In recent years, new listings have been limited, making the addition of new securities like VPX crucial for attracting foreign investment. This listing will provide both domestic and international investors with a high-quality stock option,” emphasized Mr. Dien.

The CEO also credited regulatory reforms for expediting VPX’s listing on HOSE.

By linking IPOs with listings, the process has been significantly streamlined, reducing the post-IPO listing time from 90 to just 30 days.

Mr. Dien highlighted VPBankS’s fortune in being the first to implement this integrated IPO-listing model. Despite conducting roadshows in four major financial hubs—Singapore, Bangkok, Hong Kong, and London—the bank completed its IPO within two months. Simultaneously, listing preparations were made, and HOSE approval was secured less than 30 days post-IPO.

“This innovation is a significant boost for companies seeking listings, as the entire process can now be completed in approximately three months,” Mr. Dien noted.

VPBankS CEO Vu Huu Dien (holding the gavel) inaugurates VPX’s first trading session on HOSE – Photo: Huy Khai

Promising Outlook for the Stock Market in 2026

Following a positive 2025 and the successful VPX listing, CEO Vu Huu Dien looks forward to 2026 with optimism.

Globally, economic conditions are expected to improve as the U.S. Federal Reserve continues to cut interest rates, easing pressure on the Vietnamese dong.

Domestically, Vietnam’s strong macroeconomic foundation supports ambitious government targets. Financial, monetary, public investment, and foreign investment policies, along with consumer stimulus measures, are in place to drive growth.

The stock market’s fundamentals remain solid, with listed companies’ after-tax profits growing at around 20% annually, expected to rise further in 2026. Despite the VN-Index’s strong performance, many quality stocks remain attractively priced.

Thus, 2026 is projected to be a positive year. New trading products will enhance liquidity and attract international capital, especially with the market upgrade in September 2026.

Mr. Dien views the upgrade as a key step to attract global institutional investors, from passive to active funds. Increased foreign capital will benefit both the market and listed companies, encouraging more IPOs and listings.

The government is also considering allowing high-quality FDI enterprises to list, further diversifying market offerings.

According to the VPBankS CEO, a broader range of quality securities will attract large international funds, which require a sizable and diverse market for participation.

VPX Shares Begin Trading on HOSE

Huy Khai

– 15:24 11/12/2025

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