Oct 19, 2026
Full Analysis
Negative
sector sentiment
Vietnam's securities sector index is down 23.46% year-to-date against a 2.77% fall in the VN-Index, with roughly 80% of 43 listed brokers more than 20% below recent peaks. APG leads losses at 61.44%, while only ABW, HCM, VUA and HAC are positive.
Oct 19, 2026
Full Analysis
Positive
strategic partnership
Rong Viet Securities (VDS) has put its hiDragon x AI assistant into production on AWS with partner eCloudvalley, built on Amazon Bedrock and Anthropic's Claude 3.5 Sonnet. The firm reports 46,986 queries across 11,704 sessions in roughly a year, with next-day retention averaging 87.5%, up 4.8 percentage points from the pre-upgrade period.
Oct 18, 2026
Full Analysis
Mixed
earnings beat
Haxaco (HAX) returned to profit with Q3/2026 pre-tax earnings of VND 7B against a VND 24B loss a year earlier, lifting nine-month after-tax profit to VND 41B, or roughly 40x the prior-year figure. Binh Minh Plastics (BMP) held near peak earnings at VND 399B pre-tax, down 9%, while VDSC (VDS) swung to a VND 105B pre-tax loss at the parent-company level.
Oct 17, 2026
Full Analysis
Negative
earnings miss
Chứng khoán Rồng Việt (VDS) swung to a VND 105 billion pre-tax loss in Q3 2026 from a VND 310 billion profit a year earlier, the first hundred-billion loss of the reporting season, taking the nine-month parent-company result to a VND 81 billion loss. The reversal, against a VND 9,900 share price, puts margin lending, proprietary trading and cost control at the centre of the investment case.
Oct 17, 2026
Full Analysis
Negative
earnings miss
Rong Viet Securities (VDS) swung to a Q3/2026 net loss of VND 83.3B, taking the 9-month loss to VND 62.5B, as market-wide trading value fell 22.3% quarter-on-quarter and the company booked higher investment provisions. Lending revenue rose 14.8% year-on-year and the capital adequacy ratio held at 418.4%, while a 10% stock dividend of 27.2 million shares is slated for Q4/2026 to Q1/2027.
Oct 16, 2026
Full Analysis
Negative
earnings miss
Rong Viet Securities (VDS) reported a Q3 2026 pre-tax loss of more than VND 105B, reversing a VND 310B profit a year earlier, after investment revenue fell nearly 90% and the firm booked VND 124.5B in portfolio markdowns. Fellow HNX-listed peer EVS also swung to a VND 52B pre-tax loss, while unlisted NHSV grew profit 3.5x.
Oct 15, 2026
Full Analysis
Mixed
sector sentiment
Vietnam's securities sector rallied on October 15, 2026, with CTS, BSI and VUA hitting ceiling prices, but VCBS forecasts Q3 profit declines for SSI, HCM and VCI. The rally reflects short-term cash rotation rather than a fundamental turnaround, as foreign inflows remain weak despite the market upgrade story.
Oct 12, 2026
Full Analysis
Negative
sector sentiment
Roughly 80% of Vietnam's 43 listed securities stocks have fallen more than 20% from recent peaks, with APG down 62%, VDS and CSI each down 51%, and SHS and VIX down 45%. VPBankS forecasts SSI's Q3/2026 net profit at VND 1,131B, a 23.4% year-on-year decline, as brokerage revenue faces a high base from Q3/2025.
Oct 10, 2026
Full Analysis
Neutral
insider trade
Viet Dragon Securities (VDS) board member Nguyen Thuc Vinh sold 400,000 shares between 22 September and 8 October 2026, halving his holding to 0.148%, while the chairman's wife registered to buy 2 million shares. The company separately approved a 10% stock dividend of 27.2 million shares and cancelled its 2026 ESOP and existing-shareholder offering.
Oct 09, 2026
Full Analysis
Positive
insider trade
Nguyen Thanh Loan, wife of Rong Viet Securities (VDS) Chairman Nguyen Mien Tuan, registered to buy 2 million VDS shares between October 15 and November 13, 2026, lifting her holding from 0.61% to 1.34%. The company separately approved a 27.2 million share dividend at 10:1 and shelved its 2026 ESOP and public offering tranches.
Sep 25, 2026
Full Analysis
Positive
dividend announcement
Rong Viet Securities (VDS, HOSE) will issue 27.2 million shares as a 2025 stock dividend at a 10:1 ratio, valued at VND 272 billion in par value and funded from audited 2025 retained earnings. The board simultaneously suspended its 2026 ESOP and existing-shareholder offering, leaving the VND 4,500 billion charter-capital target dependent on a later 90 million share private placement.
Sep 25, 2026
Full Analysis
Negative
legal action
Vietnam's State Securities Commission fined Rong Viet Securities (VDS) VND 712.5M and DNSE VND 802.5M for margin lending and asset segregation violations. VDS must also halt collateral management services, raising questions about operational controls at both HOSE-listed brokers.
Sep 25, 2026
Full Analysis
Negative
sector sentiment
VISRating flags 14 of 27 Vietnamese securities firms as at risk of missing 2026 profit plans after industry ROAA fell from 5.6% in 2025 to 4.3% in H1 2026. VIX is the worst hit, with cumulative ROAA down nearly 18% and equity investment income falling about VND 300B, while VND, SSI, FTS and VCK have met only 51-74% of full-year targets.
Sep 25, 2026
Full Analysis
Negative
legal action
Rong Viet Securities (VDS) was fined a combined VND 712.5 million by the State Securities Commission for failing to segregate client assets, allowing orders without sufficient funds, and providing unreported financial services. The regulator also ordered the HOSE-listed broker to suspend certain financial services, adding an operational restriction on top of the cash penalty.
Sep 18, 2026
Full Analysis
Positive
sector sentiment
Vietnam formally entered FTSE Russell's Secondary Emerging Market category on 21 September 2026, with 90 Vietnamese names added to the Micro Cap group out of 117 new FTSE GEIS constituents. BSI, FTS, MBS and SHS sit on that list, which the research desk treats as a 12-24 month revaluation watchlist rather than an ETF flow trade.