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TCBS held its 2026 Annual General Meeting (AGM) in Hanoi on April 25, 2026, marking a milestone since the company listed on HOSE in October 2025. Based on the shareholder qualification check at 14:09, the meeting recorded 112 attending shareholders, representing about 2.1 billion shares, equivalent to 91% of the voting shares. Therefore, the AGM was duly convened.
At the meeting, TCBS management outlined strategic directions amid a global macro environment characterized by persistent inflation, geopolitical tensions, and exchange-rate fluctuations. The company noted that Vietnam’s stock market is expected to benefit from a formal upgrade into the index in September 2026, supported by improved infrastructure, a stronger legal framework, and new products—factors expected to provide a foundation for sustainable growth.
TCBS said its 2026 business plan was built on an assessment of favorable factors and risks, while also incorporating flexible measures to quickly seize opportunities as market conditions change.
Shareholders approved TCBS’s 2026 business plan with revenue target of VND 13,227 billion and pre-tax profit target of VND 7,535 billion. This implies growth of 26% for revenue and 18% for pre-tax profit versus 2025 (excluding a one-off income recorded in Q4 2025), which the company said reflects a “genuine and sustainable growth trajectory.”
In its core business areas, TCBS plans to expand corporate bond issuance and distribution, leveraging the bond channel’s growth amid the State Bank’s cautious credit stance. The company aims to increase the role of bonds in medium- and long-term funding.
TCBS will also maintain brokerage growth through zero-fee trading and margin lending at competitive rates, alongside risk management and capital structure optimization to ensure system safety during market volatility.
For new business areas, TCBS plans to strengthen a diverse and personalized financial product ecosystem tailored to the risk appetite and investment objectives of different client segments. This includes Fundmart, intelligent investment strategy (iTracker), and warrants (CW).
The company also intends to progressively expand into tokenized assets and other structured products as regulatory approvals allow.
In the institutional client segment, TCBS plans to expand its institutional client base by upgrading trading infrastructure, algorithmic trading, API connections for negotiated trading, and One Click Research. The goal is to enhance capacity to serve large capital flows in and outside the country, in preparation for a potential post-upgrade influx of institutional funds.
On technology and customer experience, TCBS said it will expand its high-quality client base by leveraging the financial-banking-insurance ecosystem with Techcombank, TechcomLife, and Techcom General Insurance (TCGI) through 2-in-1 and 3-in-1 account opening programs.
The company also plans to accelerate the transition to an AI-native enterprise model. It expects the deployment of Agentic AI across the system to optimize operations, enhance customer experience, and drive product innovation, supporting long-term growth.
Regarding capital and balance sheet, TCBS said it will focus on strengthening its financial position and liquidity in a still-uncertain global environment. Measures include diversifying funding sources, such as domestic and foreign borrowings and long-term bond issuances. TCBS said abundant and stable funding would help it weather unexpected market volatility and continue expanding its market share in core business lines.
Beyond the business plan, the AGM approved an option to pay 2025 dividends in stock. TCBS is expected to issue ordinary shares with a par value of VND 10,000 per share at a 20% rate, equivalent to a 5:1 ratio (shareholders owning 5 shares on the record date would receive 1 new share).
The source of funds will be undistributed post-tax profits in the audited financial statements as of December 31, 2025. All issued shares will be freely transferable. The issuance is expected to take place within 45 days from the State Securities Commission’s confirmation of receipt of the issuance filing.
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