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Q1 2026 profits for Vietnam’s brokerage sector showed a clear rebound from the same period last year. The total pre-tax profit of 79 brokerage companies tracked by the report exceeded 9,642 billion VND in the first quarter, up about 21% year-on-year.
Many leading firms posted strong gains, while smaller and mid-sized players recorded faster growth. The profit leaders were led by SSI Securities, which reported pre-tax profit of 1,593 billion VND, up 52% year-on-year. VPS (VCK) followed with 1,547 billion VND, up 68%.
Techcombank Securities (TCBS) also delivered solid results with 1,458.4 billion VND, up 11%. VNDirect and VPBankS were next in the top five, posting 681 billion VND and 515 billion VND respectively, with both rising by more than 40%.
In the next group, Vietcap (VCI), MBS, HSC and ACBS maintained positive growth, though the pace was less pronounced. Growth ranged from single-digit rates to roughly 20–30%.
The leading group not only preserved scale but also leveraged the market’s positive momentum in Q1 to improve earnings.
Several smaller firms grew by multiples. ORS posted 42.2 billion VND in pre-tax profit, more than 20 times the 2 billion VND recorded in Q1 2025. Other firms including NH Vietnam (NHSV), Public Vietnam (PGSV), and Wall Street Securities (WSS) also reported gains ranging from several times to hundreds of percent.
HD posted over 350 billion VND in profit, up around 260% year-on-year.
Q1 2026 also saw dramatic reversals from losses to profits for some companies. VTG recorded 49.6 billion VND in profit after a loss of 10 billion VND in Q1 2025. BMS nearly 45 billion VND after a 14 billion VND loss in the prior year’s quarter.
On the downside, EVS remained the largest loser, with nearly 200 billion VND in losses in Q1 2026, reversing a profit in the same period last year. APS posted a loss of 37.6 billion VND. VDSC turned from a 22 billion VND profit into a 30.6 billion VND loss. ASEANSC posted a loss of 31 billion VND, while TVB recorded a loss of 19.8 billion VND despite a prior-year profit of about 33 billion.
Overall, Q1 2026 presents a more positive picture for the brokerage sector, with most firms growing versus the same period. However, the gap between leading and smaller players widened, suggesting continued dispersion in upcoming quarters amid fierce competition and high dependence on market liquidity.
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