Expected capital increase to nearly VND 2,500 billion
On April 18, 2025, BIDV Securities Joint Stock Company (BSC, code BSI) held an annual general meeting of shareholders in 2025, the meeting approved a business plan with a pre-tax profit target of VND 560 billion, an increase of 9% compared to the results in 2024. The company also plans to issue more than 22.3 million shares to pay dividends, thereby increasing its charter capital to nearly VND 2,500 billion.
In 2024, BSC recorded pre-tax profit of VND 515.68 billion, mainly from brokerage activities, collateral lending and self-investment. The return on equity (ROE) rate reached 8.5%/year. Total assets as of the end of the year reached VND 10,315 billion, up 24% compared to the end of 2023.
The customer platform continues to expand, with nearly 19,000 newly opened accounts, accounting for 2.34% of the stock brokerage market share in the whole market. BSC's available capital safety ratio reached 680%, in the good group according to the State Securities Commission.
In the first quarter of 2025, BSC's pre-tax profit reached VND100.4 billion, completing 18% of the annual plan. Of which, deposit lending activities account for 67%, investment activities account for 31%, showing the orientation of focusing on two core business segments.
Issuing more than 22 million shares to share 10% dividends
In the context of many fluctuations in the global economy, BSC has set a cautious growth strategy in 2025. The company will continue to improve its financial capacity, expand foreign loans to serve business operations, and boost growth in core segments such as brokerage, self-ms and financial services.
BSC also aims to expand the scale of profitable assets through increasing outstanding loans and investment portfolios, on the basis of ensuring effective risk management. In addition, the company will continue to promote digital transformation and develop a digital product ecosystem to improve customer experience and create long-term competitive advantages.
BSC's Board of Directors has submitted and approved by shareholders a stock issuance plan to pay a dividend in 2024 at a rate of 10%. After this issuance of more than 22.3 million shares, BSC's charter capital will increase from VND 2,230 billion to VND 2,453 billion. This additional capital will help the company improve its financial capacity, serve its growth goals and expand its operations in the coming time.
Preparing to catch the upgrading wave
Responding to shareholders' questions at the meeting, Mr. Nguyen Duy Vien, General Director of BSC, commented that the possibility of the Vietnamese stock market being upgraded has never been so close. From a personal perspective, BSC representative believes that the upgrading time frame may only be calculated as a few months - expected this year or early next year.
Recognizing this opportunity, BSC has been preparing for the past three years, focusing on three pillars: technology, products and people.
In terms of technology, BSC has invested in comprehensive upgrading of both hardware and software, ensuring a stable operating system in the conditions of a sharp increase in trading volume after upgrading. In addition, the company has closely coordinated with technology partners to transfer the KRX system - a new transaction platform from Korea - to integrate into practical operations. In particular, in the past year, BSC has sent many working groups to study at Hana Securities (Korea) - a system transfer partner - to ensure full and standard reception of technical processes.
Regarding products, the KRX system will allow the implementation of modern financial instruments such as day-to-day transactions (T+0), counterfeit sales, securities lending, etc. Therefore, BSC has proactively rebuilt internal processes and prepared resources to integrate these products as soon as they can be deployed.
Regarding human resources, BSC organizes systematic training and reviews the entire operating system. With support from Hana - a strategic shareholder with technological strengths - many products and software solutions are expected to be delivered free of charge to BSC, helping the company accelerate digital transformation in the field of brokerage and risk management.
In the private investment sector, BSC representative said that the bond portfolio currently accounts for about 60-70% of equity. Of which, most of them are bank bonds with high safety levels. Corporate bonds only account for about VND300 billion and are all bonds of class A enterprises with good liquidity. The company's investment viewpoint is to prioritize safety, accept lower yields to ensure stability in the context of many risks in the macro.
