BSI

VPS (VCK) leads Vietnamese securities firms with Q2 2026 pretax profit of VND 1,378B (+57% YoY), while BSI, KBSV, and VTG also report gains. SmartInvest (AAS) and VSC saw sharp declines. The mixed results reflect divergent performance among mid- and small-cap brokers amid higher market activity.

BSI plans to issue 24.53 million shares as a 10% stock dividend (10:1) with a record date of June 16, 2026, funded from retained earnings. The move will increase charter capital from VND 2,453.6B to VND 2,699B. The announcement follows strong Q1/2026 results where revenue rose 106.7% YoY and pre-tax profit increased 17%.

BSI plans a 10% stock dividend for 2025, issuing 24.53 million shares to increase charter capital from VND 2,453.6 billion to VND 2,699 billion. The dividend is funded from retained earnings, with issuance expected in 2026 pending regulatory approval. Q1/2026 pretax profit rose 17% YoY to VND 117 billion.

BSI faces VND 780M in fines from the SSC for multiple compliance failures, including failure to segregate client assets and improper lending. The regulator also issued new guidance requiring all securities companies to monitor and restrict brokers' investment recommendations on social media platforms, signaling a broader regulatory clampdown.

BIDV Securities (BSI) approved a 2026 pre-tax profit target of 700 billion VND, representing a 13.6% increase from over 616 billion VND in 2025, alongside a plan to more than double its charter capital to over 11 trillion VND by 2026-2027. The capital increase is intended to fund a comprehensive digital transformation strategy focused on integrating with parent BIDV's ecosystem and developing a unified trading platform.

MBS, HCM, and PSI are among several Vietnamese securities firms nearly exhausting their margin lending capacity as demand surges. Rising funding costs are outpacing lending rates, compressing net interest margins and pressuring profitability. The capital race favors firms with strong bank or institutional backers, such as SSI and BSI.