According to the Ho Chi Minh City Stock Exchange (HoSE), VPBank Securities JSC (VPBankS – stock code: VPX) has entered the top 10 firms with the highest brokerage market share by value, capturing 3.21% in Q4/2025.
This achievement is remarkable as VPBankS has operated under its new brand for less than four years, while all other top 10 firms have over a decade of market presence.
Simultaneously, VPBankS climbed to the 6th position in brokerage market share on the Hanoi Stock Exchange (HNX), reaching 4.75%, a four-rank improvement from the previous quarter. The company also maintained its top 10 position in UPCoM and derivatives market share.
Top 10 brokerage firms by market share value at HoSE in Q4/2025. (Image: HoSE)
Previously, VPBankS achieved several milestones in brokerage market share and securities account numbers. In Q3/2025, VPBankS entered the top 10 firms by brokerage revenue, according to financial reports. By mid-November, VPBankS reached 1 million securities accounts, approximately 10% of Vietnam’s total.
VPBankS’s robust brokerage growth is reflected in its margin lending performance. At a recent investor conference, its margin debt reached VND 29 trillion by late November and VND 32 trillion by mid-December, over three times the year’s start.
Under its 2026–2030 strategy, VPBankS aims to become a top 2 brokerage firm on HoSE by 2030, leading in margin lending, total assets, and pre-tax profit.
VPBankS offers a diverse product range, including stocks, bonds, derivatives, fund certificates, model portfolios, and covered warrants, meeting all client needs. With top-tier equity, VPBankS provides competitive margin lending rates and high limits.
On November 12, VPBankS completed a record IPO, raising nearly VND 12.713 trillion, increasing equity to VND 33 trillion. Within 30 days, 1.875 billion VPX shares were listed on HoSE. This IPO strengthened VPBankS’s capital base, boosting key areas like margin lending and investment banking.
VPBankS Surges Ahead, Securing Top 10 Market Share on HOSE Amidst Fierce Competition
VPBank Securities (VPBankS) has achieved a remarkable milestone by entering the top 10 market share of HoSE brokers for the first time, securing the 9th position in Q4/2025. This breakthrough highlights the company’s exceptional growth trajectory and its ability to execute ambitious post-IPO and listing strategies, all within just four years of operation.
Extended Deadline for Stock Transfer from HNX to HoSE Until End of 2026
According to Circular 139/2025, the deadline for listed organizations to complete the transfer of their shares from HNX to HoSE has been extended by one year, with the new cutoff date set for December 31, 2026.









































