The company, chaired by Ms. Nguyen Thanh Phuong, aims to have record profits this year

At the annual meeting on the afternoon of March 30, Ms. Nguyen Thanh Phuong said Vietcap this year “boldly proposed” an ambitious business plan. Specifically, the company estimates revenue of 6,525 billion VND and pre-tax profit of 2,300 billion VND, up 30% and 41% respectively compared to the previous year. If completed, this will be the highest level in nearly 20 years of operation. In the first quarter of the year, Vietcap estimated profit of 400 billion VND, up 13% over the same period and completing about 17% of the target.

Responding to many shareholders’ concerns about the skyrocketing number, Vietcap leaders said the initial profit plan ranged from 1,800 to 2,000 billion VND, an increase of about 20%. However, after discussion, the company presented shareholders with a “brave plan” and was very determined to complete it, according to Vice Chairman of the Board of Directors Dinh Quang Hoan.

The plan was calculated by Vietcap based on forecasts that the stock market will continue to move positively. Commenting on this year’s market, Ms. Nguyen Thanh Phuong said that investors are receiving macroeconomic growth information with excitement. She forecasts that the stock market can maintain its upward momentum thanks to the internal strength of the economy and the return of foreign capital when Vietnam is upgraded from marginal to secondary emerging.

According to Ms. Phuong, the determination to stabilize the macroeconomy and reduce businesses’ dependence on bank loans will create opportunities for the capital market (stocks, bonds) to develop. In addition, efforts from the executive agency to upgrade the stock market, form an international financial center, specify tax regulations for foreign investors… also attract more foreign capital in the long term.

“Securities companies like us still have many opportunities,” Ms. Phuong replied when investors were concerned about difficulties and competitive pressure in the coming time.

Ms. Ton Minh Phuong, General Director of Vietcap, admitted that the war in the Middle East could make this year’s business plan challenging. However, the company has no intention of adjusting or reducing this plan.

To reassure shareholders, management reiterated developments when the stock market was negatively affected by tariff information from President Donald Trump but the company still exceeded its growth target. Specifically, last year, Vietcap recorded revenue of 5,020 billion VND and pre-tax profit of 1,629 billion VND, up 34% and 50% respectively over the same period, and about 15% higher than plan.

In addition to financial targets, Ms. Phuong said the company also set a goal this year to continue to lead in foreign institutional brokerage and maintain the fourth position in brokerage market share on the Ho Chi Minh City floor.

In the context of the brokerage segment being under fierce competitive pressure, Ms. Phuong said investment activities will contribute a larger proportion of revenue and profit, about 30-40%, instead of 25-26% as in previous years. For the lending segment, the company aims to take advantage of cheap capital through foreign syndicated loans.

The company also expects that this year’s initial public offering (IPO), capital mobilization, divestment and merger and acquisition activities will be more exciting. The structure of the deals is expected to be diverse in industries, instead of focusing on securities groups like last year. Currently, the value of IPO deals advised by Vietcap ranges from 400-500 million USD, with many deals currently in the negotiation stage.