On April 22, 2025, Ho Chi Minh City Securities Corporation (HSC, HOSE: HCM) successfully held its 2025 Annual General Meeting (AGM) in a virtual format. The AGM approved key business matters and the strategic plan for the year.
Business plan
For 2025, HSC targets revenue of VND4,438 billion and pre-tax profit of VND1,602 billion, representing increases of 34% and 24% YoY, respectively. Growth is expected across all core business segments:

• Securities brokerage: Revenue is projected at VND908 billion, up 7% YoY. Growth will be driven by client acquisition initiatives, attractive incentive schemes for the sales force, and continued digitalization to enhance client experience.

• Margin lending: Revenue is expected to reach VND2,368 billion, an increase of 38% YoY, reflecting continued demand growth. In tandem with loan book expansion, HSC will reinforce risk management through automated credit scoring systems, early warning and screening mechanisms, and continuous monitoring of collateral quality.

• Proprietary trading: HSC will maintain a prudent proprietary trading model focused on market-making, warrant issuance, hedging strategies, and client facilitation. Revenue from this segment is projected at VND983 billion.

• Financial advisory: HSC has strengthened both its advisory team and transaction pipeline to capture market opportunities in 2025. Financial advisory revenue is forecasted at VND156 billion.

The business plan is based on an average daily market trading value of VND20 trillion, with domestic investors accounting for 88% of total market activity.

Financial position
Total assets are projected to exceed VND39 trillion by year-end 2025, up 25% YoY. New capital will be allocated primarily to expand margin lending and proprietary trading, with a focus on market-making and portfolio positioning in anticipation of a market recovery.