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At the annual general meeting, discussions about crypto assets attracted attention from many shareholders, especially younger investors. In response, SSI’s Chairman of the Board, Nguyen Duy Hung, said the company continues to monitor the trend but is not rushing to implement.
According to Hung, the current legal framework has changed significantly compared with a year ago, as regulations related to crypto assets are being finalized and increasingly align with the securities model. However, SSI believes the market still has many unclear points, particularly regarding business viability and investor safety.
“We haven't clearly seen where the opportunities are, nor can we imagine a specific development model,” Hung said. This is why the company has not completed the dossier to participate in the next steps within the sandbox framework.
Nevertheless, the SSI leader affirmed that this is not a retreat. “We will certainly participate in this market, not letting ourselves fall behind other companies,” he emphasized.
Hung said that when entering any new field, SSI sets three principles: comply with the law, ensure the interests of the business, and ensure the interests of shareholders.
Shareholders also asked about SSI reducing margin loan debt in the last two quarters and whether this was a defensive strategy.
In response, Hung said each company has its own approach to risk management. “Leading is not as important as effective management,” he said, implying that margin adjustments should be part of the overall risk control and business performance strategy, not just chasing growth in scale.
The decline in margin debt was therefore described as a measured adjustment in line with the company’s risk appetite amid a volatile market.
This year, SSI targets consolidated revenue of VND 15,660 billion, up 19%, and pre-tax profit of VND 5,838 billion, up 15%.
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