Outstanding business performance 

In Q3 2025, the Vietnamese stock market continued its positive momentum, reaching new highs in both index levels and liquidity. The VN-Index increased by 20.8% to 1,661.7 points, while average daily trading value across the market reached VND 44.1 trillion per session. On several trading days, market liquidity even surged to VND 70–80 trillion.

By closely following its business strategy and effectively capturing market opportunities, RongViet Securities achieved impressive results with both revenue and profit growing significantly year-on-year. Total revenue in Q3 2025 more than doubled compared to Q3 2024, reaching over VND 466 billion. Expenses remained well controlled, increasing by only nearly 10% to VND 157 billion.

As a result, profit before tax reached VND 310 billion and profit after tax amounted to VND 249 billion, up 244% and 233% respectively compared to the same period last year. This marks the highest quarterly profit ever recorded since RongViet's establishment.

The main growth driver came from proprietary trading activities, which generated revenue of VND 250 billion, 9.5 times higher than the previous quarter and 254% higher than Q3 2024. Brokerage business also delivered strong growth, with Q3 2025 revenue doubling compared to both the previous quarter and Q3 2024, reaching VND 82 billion.

Revenue from margin lending continued to remain stable and contributed more than VND 110 billion, up nearly 15% from the previous quarter and 7% year-on-year. As of September 30, 2025, RongViet's margin loan balance reached a new record of VND 3,678 billion, equivalent to 1.2 times shareholders' equity, demonstrating substantial room for further growth while remaining well within the regulatory limit of 2.0 times.

For the first nine months of 2025, RongViet recorded total revenue of VND 818 billion and profit after tax of VND 260 billion, completing 76% and 90% of its full-year targets, respectively. These positive results reflect an optimistic outlook and provide a solid foundation for the company to exceed its 2025 business plan.

Rong Viet Asset Management Corporation (VDAM), a subsidiary in which RongViet holds a 58% ownership stake, also completed an increase of charter capital to VND 150 billion and achieved encouraging business results during the quarter. VDAM reported Q3 2025 revenue of VND 5.3 billion and profit after tax of nearly VND 4.4 billion. As a result, cumulative revenue for the first nine months of 2025 reached VND 11.6 billion, while profit after tax totaled VND 0.7 billion. The RongViet Prosperity Investment Fund (RVPIF), managed by VDAM, achieved a NAV growth rate of 18.5% after more than six months of operation since completing its IPO in March this year.

Strengthening financial capacity and improving operational efficiency 

Following the completion of its stock dividend issuance in Q2 2025, RongViet issued an additional 4.7 million ESOP shares during Q3, increasing charter capital to VND 2,720 billion. The company also announced a private placement plan of 48 million shares to professional securities investors at a price of VND 18,000 per share. Upon completion, RongViet could raise an additional VND 864 billion and increase charter capital to VND 3,200 billion, further strengthening financial capacity and providing additional resources for lending activities, proprietary trading/underwriting, and participation in the bond market.

In parallel, RongViet continued mobilizing capital through private corporate bond issuances. Since the beginning of 2025, the company has successfully completed three bond issuances with a total actual value exceeding VND 1,959 billion. It is currently offering its fourth bond issuance with a fixed interest rate of 8.0% per annum, targeting an additional VND 1,000 billion in funding.

As of the end of Q3 2025, RongViet's total assets reached VND 7,675 billion, while shareholders' equity stood at nearly VND 3,093 billion, representing increases of 20.6% and 11.6% respectively compared to the beginning of the year. These figures continue to represent the highest levels since the company commenced operations.

Operational efficiency improved significantly, with average ROAa and ROEa over the most recent four quarters reaching 3.5% and 8.1%, respectively. Earnings per share (EPS) reached VND 954 for the first nine months of 2025, while book value per share (BVPS) as of September 30, 2025 was VND 11,370. Financial safety indicators remained stable and secure, with the debt-to-equity ratio at 1.48 times and the financial safety ratio at 398.3%.

Supported by favorable market conditions, VDS shares rose strongly by 55.7% during Q3 2025 and closed the quarter at VND 22,350 per share, bringing RongViet's market capitalization to nearly VND 6,080 billion. The quarter also witnessed VDS shares breaking through their historical peak, accompanied by a record trading volume exceeding 12 million shares per session.

Milestones on the sustainable development journey

Alongside its strong business performance, RongViet continued to leave a meaningful mark through various community initiatives in Q3 2025, reinforcing its position and commitment to sustainable development. The company's brand reputation and achievements were further recognized with its fourth consecutive HR Asia Best Companies to Work for in Asia award (2025), along with multiple outstanding achievements at VWAS 2025.

RongViet Securities was honored with multiple awards at VWAS 2025

Following its customer-centric strategy, RongViet continues to enhance its product and service ecosystem to improve the investment experience for clients. A notable development is the integration of the hiDragon virtual assistant directly into the smartDragon platform, enabling investors to conveniently access stock information, monitor market developments, and receive support for faster investment decision-making. The iDragon trading application has also been upgraded with mutual fund trading functionality, providing customers with additional safe and sustainable investment options. Meanwhile, the eduDragon online learning platform continues to introduce new educational content free of charge. Most recently, RongViet launched an upgraded corporate website featuring a modern design, streamlined interface, and enhanced functionality to further improve customer experience and strengthen brand identity.

For the community, the company successfully organized the 15th edition of the “Accompanying Students to School – Nurturing Dreams” program for ethnic minority students in mountainous areas of Gia Lai Province. At the same time, the annual tree-planting initiative “RongViet – For a Greener Vietnam” expanded its green hillside project with more than 600 crape myrtle trees planted in the Ong Hoang Tower area of Phu Thuy Ward, Lam Dong Province (formerly Phan Thiet City).

The second edition of the “RongViet – For a Greener Vietnam” program was organized in Lam Dong Province

As a pioneer in promoting financial literacy, RongViet continued organizing the third season of the RongViet Invest real-stock investment competition for university students nationwide. The company also supported 56 students from disadvantaged backgrounds with strong academic performance through the second edition of the “RongViet – Nurturing Dreams” scholarship program, with a total value of VND 500 million.

In the final quarter of the year, RongViet will continue to follow the strategic direction of “Strong Foundation – Secure Future” to strengthen internal capabilities, optimize operational efficiency, and capture market opportunities, with the goal of exceeding its 2025 business plan.

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Read more:

Q3 2025 Separate Financial Statements Q3 2025 Earnings Release (Separate)