Profits from securities soar to unprecedented records, with some individuals barely keeping up
In the second quarter of 202x, the Vietnamese securities market witnessed a significant surge in profits, with several companies posting impressive results. However, the record-breaking performance of VIX Securities remains unclear, as no specific data related to VIX Securities could be found.
Market-Wide Growth
Despite the lack of VIX Securities' data, the overall market showed signs of robust growth. Total profits for the 37 listed firms approximated $308 million in Q2, marking a 26% increase year-on-year. This growth can be attributed to favourable market conditions, which significantly boosted all revenue segments for various companies.
One such company is VIX, whose Q2 profit surpassed its full-year record profit of $38.6 million set in 2023. The surge in profits was driven by gains from financial assets, lending income, and proprietary trading. VIX reported gains from financial assets of around $68 million, more than seven times the figure from the corresponding period last year. Lending income also surged, with VIX having $371 million in outstanding margin loans by the end of Q2, up nearly $140 million in just six months.
Declines in Some Companies
While many companies thrived, others struggled. Notable declines were seen in Tien Phong Securities, EVS Securities, and SBS Securities, which slipped into the red during Q2. HSC and VCI, both in the Top 5 by market share on Ho Chi Minh Stock Exchange in Q2, saw profits decline by over 30%. HSC's operational revenue was roughly flat on-year, with Q2 operating revenue at around $43 million, down by about $800,000. VCI's revenue surged by 26% in Q2, but it reported a proprietary trading loss of approximately $520,000. VCI's post-tax profit dropped by 34% in Q2, standing at $7.36 million.
Foreign Investor Activity
Foreign investor activity also played a crucial role in the market's performance. July marked the most active month for foreign capital inflows since the outset of the year, with net purchases from foreign investors reaching the highest level since early 2023. The return of foreign capital, especially from institutional investors, has been fuelled by growing optimism over a potential market status reclassification from 'frontier' to 'emerging' status.
The strong performance of emerging markets, improving trade dynamics, and easing geopolitical tensions contributed to overall equity market gains in Q2 2025. The S&P 500 rebounded nearly 11% after initial volatility, influenced by tariff policy reversals and stimulus efforts in other regions.
Despite the lack of specific data on VIX Securities, the overall trend in the Vietnamese securities market suggests a promising environment for growth and investment. Further research and data will be necessary to understand the factors contributing to VIX Securities' record-breaking profits in Q2 202x.
Investors might find the Vietnamese securities market an attractive destination for investing, considering the robust growth seen in Q2 202x, where total profits for 37 listed firms amounted to approximately $308 million, marking a 26% year-on-year increase. However, the substantial profit growth of VIX Securities remains unclear, as no specific data related to VIX Securities could be found, despite being a significant player in the business sector, as demonstrated by its Q2 profit surpassing its full-year record profit of $38.6 million set in 2023.
