Achieving 2024 Revenue and Profit Targets

According to the Q4/2024 separate financial report, RongViet recorded revenue of VND 160 billion. Unfavorable market conditions and low liquidity during the final quarter of the year led to a significant decline in revenue from brokerage and proprietary trading compared to the same period last year. At the same time, rising expenses resulted in an after-tax loss of VND 20.6 billion for Q4/2024.

In 2024, Vietnam’s stock market faced multiple challenges as the VN-Index mostly fluctuated within a narrow range of 1,200 – 1,300 points. Market liquidity declined sharply in the second half of the year, while foreign investors recorded a historic net selling value of over VND 93 trillion. However, guided by the strategic direction “Releasing inner strengths & Achieving higher stand” from the beginning of the year, RongViet effectively seized market opportunities and still delivered relatively positive full-year business results.

For the full year 2024, RongViet achieved impressive revenue of VND 1,003.2 billion, up 23.8% compared to 2023, fulfilling 104.3% of the annual plan. Total expenses reached VND 653.1 billion, an increase of 62.5% year-on-year. Pre-tax profit and after-tax profit were VND 350.1 billion and VND 285.7 billion, respectively, equivalent to 98.6% and 100.3% of the separate targets set for the parent company. Notably, gross profit from investment activities reached VND 302.4 billion, far exceeding the plan with a completion rate of 161.7%.

As of the end of 2024, RongViet’s total assets and equity grew strongly by 20.3% and 15.9% year-on-year, reaching VND 6,361 billion and VND 2,772 billion, respectively. These figures mark the highest levels in RongViet’s 18-year history. Return on equity (ROEa) and return on assets (ROAa) reached 11.07% and 4.90%, respectively, while earnings per share (EPS) amounted to VND 1,176—ranking RongViet among the most efficient securities firms in 2024.

RongViet maintained financial ratios at safe levels, significantly above regulatory requirements. As of December 31, 2024, the financial safety ratio stood at 506% (minimum required: 180%), the debt-to-equity ratio was 1.29 times (maximum allowed: 5 times), and the margin loan-to-equity ratio was 0.93 times (maximum allowed: 2 times).

Additionally, RongViet Asset Management (VDAM) posted revenue of VND 21.3 billion and after-tax profit of VND 1.1 billion, achieving 102% and 17% of the annual targets, respectively. Notably, RongViet Investment Fund (RVIF) recorded a NAV growth rate of 16.6%. Two wealth management advisory portfolios, RongViet Growth and RongViet Wealth—posted returns of 26.2% and 30.5%, respectively, outperforming the VN-Index.

"RongViet for the Greener Vietnam" - Tree-Planting Ceremony in Phan Thiet

Milestones of 18 Years of Growth

Over the past 18 years of establishment and development, RongViet has gradually affirmed a strong reputation and solid position in Vietnam’s stock market with many remarkable milestones.

In 2024, RongViet successfully raised charter capital from VND 2,100 billion to VND 2,430 billion and completed four private bond issuances with total capital raised exceeding VND 3,089 billion. VDS stock price also posted impressive growth during the year, boosting RongViet’s market capitalization to over VND 5,000 billion—a 41% increase from the beginning of the year.

According to recently published independent credit ratings at the beginning of 2025, RongViet received ratings on par with industry standards from reputable agencies such as Moody’s and Saigon Ratings, with a “Stable” outlook. These results reflect RongViet’s persistent efforts to enhance operational efficiency, accelerate digital transformation, and maintain agility in business management and governance.

With a customer-centric philosophy, RongViet continually improves and launches new features, services, and promotional programs to enhance the investment experience and effectiveness for clients.

At the same time, RongViet emphasizes sustainable development through joint efforts with employees to build a prosperous future, contribute positively to Vietnam’s stock market, and share the outcomes of growth with the wider community.

Team Building 2024 held in Hue

For employees, RongViet places strong focus on building a dynamic and appealing work environment, implementing top-tier welfare policies such as the 2024 ESOP share issuance, and expanding team-building activities, training, and professional development programs. RongViet also upholds compliance, corporate social responsibility, and business ethics while fulfilling all obligations to government authorities.

"Accompanying to School - Realizing Dreams" 14th Annual Program in Soc Trang Province

Throughout the past year, RongViet conducted multiple charity and community sponsorship programs with a total budget of over VND 3 billion. In addition to annual activities supporting disadvantaged students in remote areas and helping families celebrate Lunar New Year, in 2024 RongViet also joined hands to support northern provinces affected by Typhoon Yagi, launched tree-planting initiatives, awarded scholarships, organized real-world stock market contests for university students, and held financial literacy workshops for parents and students across different age groups.

RongViet received the Award at the Vietnam Listed Company Awards

RongViet’s efforts have been recognized through numerous prestigious domestic and international awards, including: Outstanding Financial Brokerage Services and other accolades at the Vietnam Wealth Advisors Summit 2024; HR Asia Award for Best Companies to Work for in Asia for the third consecutive year; Global Banking & Finance Award for Excellence in Innovation - Investment Analysis Vietnam 2024; Top 10 Annual Reports (Finance Group) and Top 10 Best Corporate Governance (Mid-cap Group) at the 2024 Listed Companies Awards; and Outstanding M&A Advisory Organization 2023–2024.