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HD Securities Joint Stock Company (HDS) has announced the candidate proposed for election to its Board of Directors for the 2025–2030 term at the upcoming annual general meeting. The company said Ho Chi Minh City Development Commercial Joint Stock Bank (HDBank), a shareholder holding 29.99% of HDS’s capital, has nominated Mr. Vu Huu Dien to serve as a board member.
Mr. Vu Huu Dien was born in 1972. He graduated with a degree in Finance and Accounting from Ho Chi Minh City University of Finance and Accounting and holds a Master’s degree in Business Administration and Information Systems from Solvay Brussels School of Economics and Management, Belgium.
HDS stated that Mr. Dien has around 25 years of experience in the financial sector, including senior roles at financial institutions, with about four years as Director of Dragon Capital Group. Prior to his nomination to the HDS board, he served as Chairman of the Board and CEO of VPBankS (VPBankS, ticker VPX).
HDS also noted that on March 26, 2026, Mr. Dien submitted his resignation as a Member of the VPBankS board, which was approved at the annual general meeting held on April 20. He is currently the Chairman of the Board of Fintech AI Joint Stock Company.
HD Securities’ 2026 annual general meeting is scheduled for the morning of April 23. At the meeting, HDS will present its 2026 business plan and seek shareholder approval for several strategic proposals.
For 2026, HDS plans to target total revenue of 4,747 billion VND and pre-tax profit of 3,375 billion VND, representing increases of 2.2x and 2.6x, respectively, compared with 2025.
By the end of 2025, HDS reported total revenue of 2,121 billion VND and pre-tax profit of 1,313 billion VND, up 95%. The company proposed no dividend for 2025.
A key item on the agenda is HDS’s plan to seek shareholder approval for an initial public offering (IPO). The company said the plan is intended to support its medium- and long-term development strategy, including increasing charter capital to strengthen financial capacity and expand operations, and to gradually proceed with listing its shares on the stock market.
Under the proposal, HDS plans to issue 164.4 million shares. The offer price will not be lower than the book value. The offering is planned to take place from Q2 to Q4 2026.
Another notable agenda item is the establishment of a securities business arm as a member at the International Finance Center (IFC). HDS said the move aligns with the company’s development direction in the next phase.
The company added that it is also part of a strategy to expand its network and raise brand recognition domestically and internationally. Management said the IFC will serve as a channel to build an ecosystem connecting finance, technology, and intermediaries, linking with financial institutions and foreign investors.
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