BIDV Securities (BSI) Targets 700B VND 2026 Profit, Plans to Double Capital to 11T VND

Overview

BIDV Securities Joint Stock Company (BSC, ticker: BSI) held its 2026 Annual General Meeting of Shareholders (AGM) on April 22, 2026, approving a pre-tax profit target of 700 billion VND for 2026 and a strategic plan to more than double its charter capital to over 11 trillion VND by 2026-2027. The move is central to the company’s 2026-2030 strategy focused on digitalization and financial capacity building to enhance its competitive position in Vietnam’s securities market.

Key Facts

• Approved 2026 pre-tax profit target: 700 billion VND, up from over 616 billion VND in 2025.
• Plan to raise charter capital to over 11 trillion VND during the 2026-2027 period, more than doubling from the current 5,500 billion VND.
• Approved a 10% stock dividend for 2025 and plans to maintain a 10% dividend for 2026, payable in cash and/or stock.
• Maintain a minimum usable capital ratio of 260% as part of its financial safety targets.
• Total assets as of 2025 exceeded 16,600 billion VND, with equity of 5,500 billion VND.
• The AGM also approved a 10:1 stock dividend issuance plan, expected to raise charter capital to nearly 2,700 billion VND.
• The company’s 2026-2030 strategy is built on three pillars: Finance, Technology, and Products.

What Happened

According to the company’s AGM materials, BIDV Securities (BSC) successfully convened its 2026 Annual General Meeting of Shareholders on the morning of April 22, 2026. The meeting passed the business plan for 2026, including the pre-tax profit target of 700 billion VND, and approved the development strategy for the 2026-2030 period. A key component of the strategy is a plan to raise the scale of owner’s equity to over 11 trillion VND during 2026-2027 to expand operations and enhance market competitiveness.

The AGM also approved other significant resolutions. These included a 10% stock dividend payment for 2025 and an intention to maintain a 10% dividend for 2026, with flexible payment in cash and/or stock. The company emphasized that its growth orientation is built on a prudent basis, suitable for a market context with potential volatility, while ensuring operational efficiency and financial safety. The meeting also completed the election of the Board of Directors and Supervisory Board for the 2026-2031 term.

Market Context

BSI shares trade on the Ho Chi Minh Stock Exchange (HOSE). The stock closed at 37,000 VND on April 10, 2026, down 0.54% on the day with a volume of 314,400 shares. The announcement of ambitious profit and capital expansion targets comes as the company reports consecutive years of stable growth, with 2025 pre-tax profit exceeding 616 billion VND. The securities sector in Vietnam is highly competitive, with firms increasingly investing in technology and scale to capture market share.

Strategic Significance

The capital expansion plan to over 11 trillion VND is not merely a balance sheet exercise but is directly tied to executing a digital-first strategy. The company aims to become a securities firm providing a comprehensive, integrated financial product and service ecosystem on a single digital platform. This strategy seeks to fully leverage the customer ecosystem of BSC and its strategic shareholders, notably its parent bank BIDV. Deep integration into BIDV’s digital ecosystem and the development of a unified trading platform using artificial intelligence for customer personalization are concrete steps to differentiate its service offering and build a sustainable competitive moat.

What to Watch

• Execution of the capital increase plan to reach the over 11 trillion VND target by 2026-2027.
• Quarterly earnings reports, starting with Q1 2026, to track progress toward the 700 billion VND annual profit target.
• Details on the implementation of the 10% dividend for 2026 and whether it will be paid in cash, stock, or a combination.
• Operational metrics related to the digital transformation, such as growth in digital platform users or contribution of digital services to revenue.
• Regulatory filings related to the planned stock dividend issuance to raise charter capital to nearly 2,700 billion VND.