Specifically, the Board of Directors will present to shareholders the 2025 business plan with a target of VND 1,500 billion in pre-tax profit and VND 1,200 billion in after-tax profit, an increase of 84% and 81%, respectively, compared to the 2024 performance.
Previously, VIX had set ambitious targets for 2024 with a pre-tax profit of VND 1,320 billion and an after-tax profit of VND 1,056 billion. However, the actual results achieved only 62% and 63% of the plan, respectively.
According to the Company, although the VN-Index recorded an increase of 136 points in the year, the market mainly went through a distribution phase, characterized by three notable features: large-cap stocks experienced significant declines, affecting investor sentiment; foreign investors net sold; and a clear divergence between stock groups. These factors were the main reasons for the underwhelming financial performance.
Source: VietstockFinance
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Based on the total undistributed after-tax profit as of December 31, 2024, VIX plans to pay a 2024 dividend in shares with a ratio of 5%, equivalent to a total value of over VND 729 billion.
Accordingly, the Company will issue nearly 73 million shares, increasing its charter capital from over VND 14,585 billion to over VND 15,314 billion. The issuance is expected to take place in the late second quarter to early third quarter of 2025.
The General Meeting will consider the dismissal of Thai Hoang Long from the position of Member of the Board of Directors upon his resignation, and elect one additional member to the Board of Directors for the 2021 – 2026 term.
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Previously, Mr. Thai Hoang Long served as Chairman of the Board of Directors of VIX from April 15, 2023, to September 27, 2024, when the Board of Directors passed a decision on his dismissal. Simultaneously, Board member Nguyen Tuan Dung was appointed to oversee the Board of Directors in his place.
According to the decision of the VIX Board of Directors, the dismissal of Mr. Thai Hoang Long‘s membership in the Board of Directors will be presented at the upcoming General Meeting of Shareholders for approval and will officially take effect after being accepted by the General Meeting.
It is known that Mr. Thai Hoang Long, born in 1970, holds a Master’s degree in Business Administration and has extensive experience in finance and securities. Prior to joining VIX, he served as General Director of Nhat Viet Securities and Deputy General Director of VietinBank Securities.
– 18:16 02/05/2025
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