Q1/2025 financial highlights

According to the recently published separate financial statements, RongViet recorded total revenue of VND 169.1 billion in Q1 2025, down 40.4% compared to the same period last year. Total expenses reached VND 147.5 billion. Accordingly, RongViet reported profit before tax of VND 21.6 billion and profit after tax of VND 17.9 billion in the first quarter of 2025. With a full-year target of VND 1,080 billion in revenue and VND 288 billion in after-tax profit, RongViet has completed 15.7% and 6.2% of the separate business plan for 2025, respectively. 

Although brokerage activities experienced a decline compared to Q1 2024, lending activities remained a bright spot, contributing VND 93.9 billion to RongViet’s total Q1 revenue, representing a 2.3% increase over the same period last year. 

Revenue from investment activities declined year-on-year but improved compared to the previous quarter. With a prudent, disciplined investment strategy and strong risk management focus, RongViet expects its investment portfolio to achieve positive growth, prioritizing companies with solid fundamentals, high growth potential, reasonable valuations, and positive business narratives. 

RongViet maintains a positive outlook for the Vietnam stock market in 2025, recognizing both challenges and opportunities driven by economic growth, ongoing reform policies, the implementation of the KRX trading system, and potential market reclassification. RongViet will continue to closely monitor market developments and capitalize on opportunities to achieve the 2025 business targets as entrusted by the General Meeting of Shareholders. 

As of March 31, 2025, RongViet’s total assets exceeded VND 6,315 billion, with shareholders’ equity surpassing VND 2,810 billion, marking a 1.4% increase compared to the end of 2024. Financial indicators such as the debt-to-equity ratio (1.25 times), margin lending-to-equity ratio (1.08 times), and financial safety ratio (536.4%) continue to be maintained at safe levels, significantly exceeding regulatory requirements. 

During Q1/2025, RongViet also launched several customer incentive programs and new products. Notably, the “Breakthrough” Combo for new customers opening accounts at RongViet offers an attractive margin lending rate of just 6.88% per annum, along with free basic equity trading for six months. The program is available until June 30, 2025. 

 

In addition, RongViet Asset Management (VDAM) has successfully completed the initial public offering (IPO) of the RongViet Prosperity Investment Fund (RVPIF), attracting participation from 564 investors and raising more than VND 58.4 billion. 

RVPIF is an equity investment fund that focuses on listed companies with strong financial foundations, efficient business models, and long-term growth potential. 

The launch of the RVPIF open-ended fund is expected to further enhance RongViet’s investment product ecosystem, while offering more diverse options and improved access to capital markets for retail investors. 

In line with the “Putting Clients at the Centre”, RongViet will continue to invest in, research, develop, and enhance a diverse and comprehensive ecosystem of financial and investment products and services on digital platforms. 

At the same time, RongViet will accelerate the application of technology and drive digital transformation across management and business operations, aiming to optimize performance and strengthen competitiveness in the market. 

Strengthening Financial Capacity: Capital Increase & Bond Issuance 

 

As Vietnam’s market approaches upgraded classification, liquidity improves, and leverage demand rises, RongViet views capital enhancement as vital to increasing its financial capacity and competitiveness while capturing market opportunities . 

At the recent AGM, shareholders approved the issuance of up to 77 million VND shares to raise charter capital to 3,200 billion VND in 2025. In Phase 1, 24.3 million VND shares will be issued as a stock dividend for 2024, plus 4.7 million VND  shares under the ESOP (1.93%) at 10,000 VND /share. In Phase 2, up to 48 million shares will be privately placed to strategic and/or professional securities investors.

 

Also in Q1/2025, RongViet continued to reinforce credibility and trust among both domestic and international clients and investors by successfully issuing a separate bond tranche worth VND 500 billion, with a fixed interest rate of 8.2% per annum, to supplement capital for business activities. 

Previously, in 2024, RongViet had issued four bond tranches with a total value exceeding VND 3,089 billion, achieving a success rate of 99.6%. 

With a strong commitment to delivering the best value to clients, partners, shareholders, employees, and the wider community, RongViet will continue to make every effort to maximize resources, enhance operational efficiency, and pursue the goal of sustainable development. 

 

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Read more:

Separate Financial Statements for Q1 2025 Separate Earning Release Q1 2025