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On the afternoon of April 25, Techcombank Securities Joint Stock Company (TCBS) successfully held its first 2026 shareholders’ meeting. During the meeting, TCBS Chairman of the Board Nguyen Xuan Minh shared the company’s strategy for developing tokenized assets and a gold exchange platform.
Mr. Minh said TCBS is among the few companies selected to continue the review and assessment process for tokenized assets. He noted that this is a relatively new field in Vietnam, so regulators will need more time to study and complete the legal framework. “We expect to receive a license this year,” he said.
Mr. Minh emphasized that TCBS is not focusing solely on building a trading exchange. He described tokenized assets as a complete value chain, in which the exchange is only one part of the ecosystem. TCBS plans to develop multiple components of this ecosystem in a synchronized manner.
According to the strategy, TCBS will advise on issuing digitized assets (tokens), including converting real assets into tokens that can be traded on a digital platform. A key focus area is asset custody, where the priority for investors is how assets are stored and the level of safety, including whether custody uses hot or cold wallets—likened to choosing a bank for deposits where safety is always central.
Regarding gold, Mr. Minh said he is personally involved with Techcombank in the process of obtaining a license to operate gold bullion. Once licensed, this is expected to become a new investment product that the bank can offer to customers.
He added that, as the gold market develops, TCBS and related entities could expand into additional products such as tokenizing gold, subdividing investment value instead of buying a full gold bar, and developing gold trading platforms. However, he said these initiatives depend on state policy and the legal framework.
Mr. Minh also noted that globally, gold has been developed into a range of financial products, including derivatives and gold ETFs, which are directions TCBS is interested in and will implement when legal conditions allow.
At the General Meeting, shareholders unanimously supported all proposals submitted by the Board of Directors, including approval of the 2026 business plan.
The plan sets a revenue target of 13,227 billion VND and a pre-tax profit of 7,535 billion VND, corresponding to growth of 26% and 18% respectively from 2025 (after excluding one-off income in Q4-2025). TCBS said this reflects a substantive and sustainable growth orientation.
Under the plan, TCBS will implement strategic priorities in a synchronized manner to reinforce a foundation for sustainable growth, while expanding new business drivers based on technology and market demand.
In addition to the business plan, the meeting approved the plan to pay 2025 dividends in shares. TCBS is expected to issue common shares with a par value of 10,000 VND per share at a 20% rate, corresponding to a rights issue ratio of 5:1 (shareholders owning 5 shares on the record date will receive 1 new share).
The funding will come from undistributed after-tax profits shown in the company’s audited financial statements as of December 31, 2025. All issued shares will be freely transferable.
The expected issuance window is within 45 days from the date the State Securities Commission confirms receipt of full issuance documents for TCBS.
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