VIX Securities Discloses 1.17% Stake in VPBank (VPB)

Overview

VIX Securities (HoSE: VIX) has appeared on VPBank’s (HoSE: VPB) updated list of shareholders holding 1% or more of charter capital, with nearly 117 million VPB shares, or 1.17% of the bank. The disclosure follows four weeks in which securities firms’ proprietary desks net-bought close to VND 2,800 billion of VPB, making the stock the most heavily accumulated by that investor group in September 2026.

Key Facts

• VIX holds nearly 117 million VPB shares, equivalent to 1.17% of VPBank’s charter capital, per the bank’s updated shareholder list under the 2024 Law on Credit Institutions.
• Proprietary desks net-bought more than 111 million VPB shares between 8 September and 8 October 2026, worth close to VND 2,800 billion.
• VPB recorded 17 consecutive sessions of net proprietary buying from 8 September to 30 September 2026 and was the most net-bought stock by that group during September.
• VIX’s charter capital stood at nearly VND 26,000 billion at end-September; its FVTPL financial asset portfolio reached more than VND 20,800 billion at end-Q2 2026, including nearly VND 16,200 billion in listed equities.
• VPB closed at VND 23,450 per share on 8 October 2026, up more than 21% from its late-July low.
• Reuters reported that Sumitomo Mitsui Banking Corporation is negotiating to raise its VPBank stake from 15% to around 20%, with completion targeted for this year.

What Happened

VPBank updated its list of shareholders owning 1% or more of charter capital in line with the 2024 Law on Credit Institutions. The new list adds VIX Securities, a broker founded in 2007 whose proprietary equity book is the largest among Vietnamese securities firms, as a qualifying shareholder with nearly 117 million VPB shares, or 1.17% of the bank.

The filing caps a month of aggressive accumulation. From 8 September to 8 October 2026, proprietary trading desks at securities companies net-bought more than 111 million VPB shares for close to VND 2,800 billion. Between 8 September and 30 September alone, VPB logged 17 straight sessions of net proprietary buying and ranked as the group’s heaviest net purchase of the month. VPB closed at VND 23,450 on 8 October, outperforming a softer broader market.

Market Context

VPB trades on the HoSE and has risen more than 21% from its late-July low, closing at VND 23,450 on 8 October 2026, while VIX closed at VND 11,300 on the same date. The buying has coincided with positive first-half results and sell-side expectations that VPBank will lead private banks on third-quarter 2026 profit, with MBS, VCBS, TCBS, VDSC and SSI all flagging that view. The stock’s move also reflects a broader market theme of proprietary desks rotating into large-cap bank shares.

Strategic Significance

For long-term investors, the VIX disclosure matters less as a standalone position than as confirmation that institutional money is treating VPB as a core bank holding. VIX’s proprietary book is the largest in the brokerage sector, so its entry signals conviction rather than a tactical trade. The more consequential variable remains the reported SMBC negotiation to lift its stake from 15% to around 20%, which would tighten the foreign strategic shareholder relationship, support capital planning, and reduce free float. Together, the two developments frame VPB as a bank whose ownership structure is being actively reshaped by institutional capital.

What to Watch

• VPBank’s third-quarter 2026 earnings release and whether profit confirms the sell-side consensus of private-bank leadership.
• Further disclosures from VIX or other proprietary desks on VPB holdings, including any change to the 1.17% position.
• Progress on the reported SMBC negotiation, including any regulatory filing on foreign ownership limits or pricing.
• VPBank’s capital-raising plans tied to the strategic shareholder discussions.
• Daily proprietary trading data for VPB to see whether net buying persists or reverses after the 21% run-up.