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With Vietnam’s securities market expected to receive a major capital boost following an official upgrade, several brokerage firms have set 2026 business targets focused on higher revenue, stronger profitability and expanded market share.
Techcom Securities (TCBS, ticker: TCX) held its 2026 annual general meeting on April 25. The meeting approved a 2026 target total revenue of 13,227 billion dong and pre-tax profit of 7,535 billion dong, up 17% and 6% respectively versus 2025 results. If achieved, TCBS would record the third consecutive year of new highs in both revenue and profit.
TCBS expects the Vietnamese stock market to benefit from the official upgrade in September 2026, alongside improvements in technical infrastructure, the legal framework and new products. The firm said its 2026 plan is built on an assessment of favorable factors and risks, with flexible scenarios to adapt to changing business conditions.
VPBank Securities (VPBankS, ticker: VPX) set a 2026 revenue target of 11,074 billion dong, up 39% from the previous year, and pre-tax profit of 6,453 billion dong, up 44%.
The company also aims to increase brokerage market share from 3.2% to 5% on the HoSE this year. In margin lending, average outstanding loans are expected to rise from nearly 19,775 billion dong in 2025 to around 49,485 billion dong in 2026.
By 2030, VPBankS aims to become Vietnam’s top securities company in total assets and pre-tax profit, while targeting second place in brokerage market share and investment banking. To support this, the firm maintains a plan based on a 32% annual CAGR and a cost-to-income ratio (CIR) of 23–25%.
SSI’s 2026 annual general meeting on April 23 approved a consolidated revenue plan of 15,660 billion dong and pre-tax profit of 5,838 billion dong. Compared with 2025 results, the revenue target is up 21% and profit up 15%. SSI said that if the targets are met, it would be the highest profit since inception.
SSI’s plan is based on an expectation that the VN-Index will fluctuate around 1,800 points, with market liquidity averaging about 28,500 billion dong per session.
VPS Securities (ticker: VCK) plans 2026 revenue of 11,500 billion dong and pre-tax profit of 5,750 billion dong, up 39% and 29% respectively from the record level achieved in 2025.
The company’s plan is built on the expectation that Vietnam’s stock market will be upgraded by FTSE Russell in September, which it said is expected to attract 5–6 billion USD of foreign capital and improve prospects for the following years.
VPS currently holds HoSE brokerage market share above 15% in the latest quarter and has about 1.6 million individual clients, a segment accounting for 85–90% of total market trading. VPS said this large client base provides a direct advantage as liquidity increases.
At the annual general meeting on April 15, VPS chairman Nguyen Lâm Dũng said the 5,750 billion dong pre-tax profit target is feasible, and the company also hopes to exceed its plan in 2026.
MB Securities (MBS) is targeting a third consecutive year of profits. The company aims for 2026 revenue of 4,675 billion dong and pre-tax profit of 1,850 billion dong, up 28% and 31% respectively from the prior year. MBS also set a brokerage market share target of at least 6%.
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