22.04.2025
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.
CEO Trinh Hoai Giang presented at the AGM
Dividend plan
HSC plans to pay the second cash dividend for 2024 at 4% of par value, totaling approximately VND288 billion. The record date is set for May 14, 2025, with payment scheduled for June 6, 2025.
The AGM also approved the 2025 dividend plan, with the payout ratio expected to not exceed 80% of after-tax profit, equivalent to approximately VND700 per share.
The HSC’s 2025 AGM concluded successfully, with all resolutions approved. With a clear strategy and robust foundation, HSC remains a trusted financial institution and the preferred partner for investors in Vietnam’s capital market.
On 2 October 2026, Johan Nyvene, Chairman of HSC, joined “𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦: 𝐑𝐢𝐬𝐢𝐧𝐠 𝐭𝐨 𝐚 𝐍𝐞𝐰 𝐄𝐫𝐚”, held as part of The 31st Asia Securities Forum Annual General Meeting in Hanoi.
HSC has been recognized in the PRIVATE 100 – Top 100 Largest Private Taxpayers in Vietnam, and ranked among the Top 5 securities companies with the largest contributions to the State budget nationwide.
HSC announced its financial results for the second quarter of 2026, reporting total revenue of VND 1,172 billion, up 39% year-on-year. For the first six months of 2026, total revenue reached VND 2,452 billion while profit before tax amounted to VND 704 billion, representing year-on-year increases of 44% and 35%, respectively.