Completing the 2024 business plan

In 2024 Vietnam’s economy and stock market continued a solid recovery despite complex global and domestic macro-economic conditions. Government reforms eased key bottlenecks and moved the market closer to an upgrade in classification, while average daily trading turnover reached VND 21.1 trillion, up 19% from 2023. 

Guided by the theme “Releasing inner strengths – Achieving higher stand” RongViet leveraged internal capabilities and market opportunities to achieve impressive results, marking “18 Years – Steadfast Growth.” Consolidated revenue reached VND 1,041.4 billion (106% of plan) and pre-tax profit VND 355.6 billion, equal to 99% of plan. After-tax profit came to VND 291.2 billion (101% of plan). 

Total assets and shareholders’ equity grew by 20.3% and 16.1%, respectively, to record highs of VND 6,395 billion and VND 2,808 billion. Key safety ratios remained robust: debt-to-equity 1.28× (versus the 5× cap), short-term debt-to-short-term assets 0.58× (below the 1× cap) and a financial safety ratio of 516.7% (2.9× the 180% requirement). Return on equity was 11.14%, return on assets 4.97%, and EPS VND 1,192, placing RongViet among the industry’s most efficient brokers. 

Marking 2024 with remarkable milestones

In 2024, RongViet increased charter capital from VND 2,100 billion to VND 2,430 billion and raised more than VND 3.089 billion from four separate corporate-bond issuances. VDS shares also posted impressive gains, lifting RongViet’s market capitalisation to VND 5.079 billion, up 41% from the start of 2024.

Mr. Nguyen Mien Tuan, Chairman of the Board of Directors, presented the report to the General Meeting 

Alongside the impressive business results, RongViet further fortified the firm’s foundations in 2024 by completing business-support, operations-support, control, and risk-management systems that dovetail with a comprehensive digital-transformation drive. True to the "Client-Centric" credo, RongViet has continually upgraded and rolled out new features, products, services, and promotional programmes to elevate clients’ experience and investment performance. 

During the past year, RongViet embedded electronic-contract and digital-signature technology (eContract – eSign) into the account-opening workflow, enabling investors to begin trading more quickly and conveniently. RongViet also kept upgrading the suite of investment-support platforms and tools, including the iDragon trading app, the smartDragon optimisation platform for equity investing, the hiDragon virtual investment assistant, and the comprehensive eduDragon securities-training system. 

At the same time, RongViet officially issued and began executing a sustainable-development strategy aligned with ESG (Environmental, Social, Governance) standards through 2030. The roadmap features meaningful initiatives that, together with employees, build a prosperous future, make positive contributions to Vietnam’s securities market and share the fruits of growth with the wider community. In 2024 alone, RongViet devoted more than 3 billion VND to a wide range of charitable and community-sponsorship programmes. 

RongViet’s steadfast efforts throughout 2024 attracted a wave of domestic and international accolades: the company secured a place in the Top 10 Best Annual Reports (Finance Group) and the Top 10 Best Corporate Governance (Mid-cap Group), earned the “Best Companies to Work for in Asia” honour for a third consecutive year, received Global Banking & Finance’s award for smartDragon - Excellence in Innovation Investment Analysis Vietnam 2024, was recognised for the sixth year running as the Outstanding M&A Advisor at the Vietnam M&A Forum, and collected multiple distinctions at the Vietnam Wealth Advisors Summit 2024. These acknowledgements underscore broad market recognition of RongViet’s commitment to transparency, innovation and people-centric growth.

At the 18-year milestone, these accomplishments further cement RongViet’s reputation and standing in Vietnam’s securities market. They provide a solid springboard for RongViet to keep growing sustainably while pursuing the mission of “Form Prosperous Future”. 

2025 Orientation: “Solid Foundation – Prosperous Future”

After 18 years of growth, RongViet has built a solid foundation, assembling a well-rounded, methodical ecosystem of talent, products, processes, technology, network, infrastructure and clients. This comprehensive platform underpins an efficient business model and has earned RongViet a respected position and reputation in Vietnam’s financial market. 

In 2025, as Vietnam’s stock market moves up to emerging-market status and the country enters a new era of vigorous expansion, RongViet is charting the course under the banner “Solid Foundation – Prosperous Future.” The motto captures the Company’s confidence, steadiness, readiness, and determination to rise even higher. 

In the base-case outlook, RongViet expects the VN-Index to move within a band of 1,220–1,486 points, accompanied by average daily turnover of VND 22–24 trillion. On that premise, RongViet’s consolidated 2025 business plan calls for revenue of VND 1,106 billion and expenses of VND 738 billion - year-on-year increases of 6.2% and 7.6%, respectively. Planned profit before tax is VND 368 billion and profit after tax is VND 294 billion, representing a modest rise from 2024. Operations will continue to revolve around five core pillars: brokerage, lending, investment banking, proprietary trading, and asset management (via subsidiary RongViet Asset Management - VDAM). 

Unit: VND billion

Business will continue to centre on five pillars: brokerage, lending, investment banking, investment and asset management (via RongViet Asset Management). Key 2025 priorities include strengthening capital and governance, upgrading human-resource quality, leveraging the branch network, forming strategic partnerships, and enhancing a transparent, socially responsible brand. Digitalisation will be intensified to boost efficiency and competitiveness, always keeping the customer at the core.

Staying true to our client-centric philosophy, RongViet will continue to invest in, research, develop, and refine a wide-ranging, digitally powered ecosystem of financial and investment products and services packed with useful features. At the same time, RongViet will step up technology adoption and digital transformation across management and business operations to optimise efficiency and sharpen our competitive edge. 

Share-Issue plan to lift charter capital to VND 3,200 billion 

One of the standout resolutions adopted at the General Meeting of Shareholders was RongViet’s plan to issue up to 77 million shares, raising charter capital to ₫3,200 billion in 2025. 

Specifically, during Phase 1, RongViet will issue 24.3 million shares as the 2024 stock dividend and 4.7 million ESOP shares (1.93% of outstanding shares) at VND 10,000 per share. Phase 2 calls for a private placement of up to 48 million shares offered to strategic investors and/or professional securities investors. 

The private share placement will give RongViet greater flexibility in deploying financial resources, ease pressure on borrowings, strengthen its competitive position, and enable it to seize investment opportunities more effectively. The proceeds will bolster working capital for margin lending and advance-payment services, proprietary trading and underwriting, and active participation in the bond market. 

In addition to the charter-capital plan, the shareholders also approved setting aside 1% of separate after-tax profit (about VND 2.9 billion) for the Charity Fund and 2% (more than VND 5.7 billion) for the Bonus and Welfare Fund. 

All remaining proposals and reports were approved by the AGM, including the 2024 profit-distribution plan and the proposed distribution for 2025; the 2024 remuneration report for the Board of Directors and Supervisory Board and the 2025 remuneration plan; the listing of RongViet’s public bonds issued for the 2025–2026 period; the appointment of the auditor for the 2025 financial statements; amendments to the Company’s Charter; and other related matters.