Dear Shareholders, Clients, and all members of the Rong Viet family,
The year 2017 is considered a successful and memorable year with Rong Viet Securities when it marks the 10-year anniversary of the establishment and development of the Company (April 2007 – April 2017) by recording a significant gain in both revenue and profit. The total revenue reached VND 366 billion and the total net profit reached VND 138 billion, increased by 54% and 125% compared to those of 2016, respectively. As a result, Rong Viet has materialized its target to firmly join the “Hundred Million Profit Club.” This is a result from a rocky journey of Rong Viet over the past 10 years as well as the tireless efforts from all of its employees.
Last year, Rong Viet has completed the process to increase its Charter Capital from VND 700 billion to VND 910 billion, marking another step in its development. The current Charter Capital is 9 times larger than the original Charter Capital of VND 100 billion when the Company was established. However, this is only the beginning of the plan to increase the Capital to VND 1,500 billion in 2020 in order to set a solid financial foundation to enable the Company the ability to participate and provide all products & services on the market, including newly introduced products such as derivatives and covered warrants.
Looking back in its course of history, with the original vision of “becoming one of the best and leading investment banking in Vietnam,” Rong Viet’s Board of Management have always emphasized on building a system of various products & services that can satisfy all needs and demands from clients despite limited resources back then. At the moment, the decision to go with development in broad scales of Rong Viet has started to yield good results. What has been the weakness due to high investment costs, affecting the Company’s operating capital is now one of Rong Viet’s strongest points when the Company is able to withstand and adapt to various changes in the market, especially those “shocks” which are no stranger to the securities market.
That is what Rong Viet has accumulated and achieved over the last 10 years, so what is the Company’s direction and strategy in the next 10 years, or 50 years, even 100 years? While brainstorming, a thought crossed my mind about a special moment in Rong Viet’s Team Building event in the last year, in which the slogan “Rong Viet: Fly up, fly high, fly far” was mentioned.
With the breakthrough in many aspects from business results, capital, and financial capacity to human resources, infrastructure, and client network, I am completely confident that Rong Viet has finally “Fly up”. And now, we shift our focus to materialize the dream to make Rong Viet “Fly high, fly far” in 2018 and the future. We are aware that opportunities, expectations, and challenges will be high, but all it requires is efforts, dedications, creativity, and a solid foundation that has been established. I have a strong belief that Rong Viet will fly high and fly further on its development.
On behalf of Rong Viet’s Board of Directors and all the staffs, I would like to express our greatest gratitude to shareholders, clients, partners, friends, and the authorities who have been confident with Rong Viet on its journey over the past 10 years as well as have recognized the tireless efforts of the whole Rong Viet family. I sincerely hope that you will continue to give us your trust and support by staying with us on our journey in the next 10 years and even further to the everlasting development of Rong Viet.
Wish you all health, happiness, prosperity, and continuity with Rong Viet.
Tran Le Nguyen