In its latest announcement, VTG Securities Joint Stock Company (VTGS) disclosed a resolution by its Board of Directors regarding a change in chairmanship.
Specifically, the Board approved the dismissal of Ms. Nguyen Thi Thanh Thuy from her position as Chairwoman and the appointment of Mr. Thai Hoang Long as the new Chairman. The decision takes effect from the date VTGS receives approval from the State Securities Commission regarding the change in legal representative.
According to sources, Mr. Thai Hoang Long (born in 1970) previously served as the General Director of Nhat Viet Securities, Deputy General Director of VietinBank Securities (CTS), and most recently, held positions at VIX Securities. In October 2022, he was appointed as Deputy General Director of VIX Securities, and in April 2023, he became the Chairman of VIX’s Board of Directors. In September 2024, he submitted his resignation from this position, which was approved.
At the 2025 Annual General Meeting of VTG Securities held in June 2025, shareholders elected Mr. Thai Hoang Long to the Board of Directors. Prior to this, he was introduced as a senior advisor to the company.
A Complete Overhaul and a Massive Capital Increase
VTG Securities, formerly known as Vietnam Trust Securities Joint Stock Company (VTSS), underwent a name change in December 2024 as per a decision by the Ministry of Finance to adjust its business license.
In July 2025, the company conducted a rights issue, increasing its charter capital from VND 138 billion to VND 3,036 billion, a 22-fold increase. The list of major shareholders includes TIN Global Pte Ltd with a 49% stake (approximately 148.8 million shares), Minh Thanh Tourism Joint Stock Company with a 20.62% stake (over 62.1 million shares), and TNP Capital Joint Stock Company with a 14.84% stake (over 45 million shares).
Regarding its business performance, VTGS reported a post-tax loss of over VND 20 billion in the first six months of the year, compared to a profit of nearly VND 25 billion in the same period last year. For the full year 2025, VTGS targets a revenue of over VND 81 billion and a pre-tax profit of VND 32 billion, representing increases of 2,490% and 135%, respectively, compared to 2024. The company still has a long way to go to achieve profitability this year.
A Former VIX Member Appointed as VTGS Chairman
On August 15th, VTG Securities JSC (VTGS) announced an unexpected change in leadership. The company relieved Ms. Nguyen Thi Thanh Thuy of her duties as Chairman and appointed Mr. Thai Hoang Long as the new Chairman. This decision takes effect immediately upon the company’s receipt of approval from the State Securities Commission regarding the change in legal representative.
“Lizen Seeks to Raise $100 Million via Equity Offering at a 15% Discount to Expand Global Footprint.”
Lizen is set to offer a strategic investment opportunity with a private placement of 100 million shares, priced at a 15% discount to the market rate. With this move, the company aims to raise 1,000 billion VND to fuel its ambitious growth strategy. The funds will be utilized to retire debt, invest in state-of-the-art equipment, expand its global footprint, and venture into large-scale PPP projects. This proactive approach positions Lizen for significant advancement, as it fortifies its financial standing and seizes opportunities for expansion and innovation.
Valuing the Stock Market: Capital Increases Remain Vital Despite Premium Pricing
The stockbroking industry is riding a wave of success, with the Vietnamese stock market reaching unprecedented heights. While the valuation of stockbroking firms is no longer a bargain, capital increases remain pivotal for companies to compete and ride the wave of market upgrades and digital asset initiatives.
“SSI Securities seeks to borrow up to $770 million from VietinBank”
SSI Secures a Credit Facility and Guarantee of up to VND 18,000 Billion at VietinBank’s Hanoi Branch.
The Great Novaland Staff Shuffle
Mrs. Pham Thi Hong Nhung has been appointed as a Member of the Board of Directors of Novaland for a five-year term, effective August 7, 2025.
