Ten securities firms report Q1 pretax profits up by multiples, with near-2000% surge led by Tiên Phong Securities (ORS)

Profit growth by multiples surged across Vietnam’s securities sector in the first quarter of 2026, with several firms reporting sharp year-on-year increases in pretax profit—though many started from relatively low bases.

Top performers in Q1 2026

The standout was Tiên Phong Securities (ORS), whose pretax profit reached 42 billion VND, up 1,961% from 2 billion VND in the year-ago period. ORS reported revenue of 270 billion VND. The company attributed the improvement to operating efficiency gains from cost control, reducing expenses by 71%, which supported a higher profit margin.

Vietnam Bank Securities (NHSV) also posted a strong jump, with 22 billion VND in pretax profit versus 3 billion VND in the same period last year, up 700%. Public Vietnam Bank Securities (PGSV) recorded 12 billion VND in pretax profit, up 550% compared with Q1 2025. Wall Street Securities (WSS) achieved 12 billion VND in pretax profit, up 321% from 3 billion VND.

Other notable increases

Several other firms reported substantial percentage growth. HD Securities (HDS) posted 352 billion VND in pretax profit, up 259% from 98 billion VND, the highest figure among the group cited. Petrochemical Securities (PSI) reported 32 billion VND in profit, up 221% from 10 billion VND. Funan Securities (FNS) earned 8 billion VND, up 239% from 2 billion VND last year.

Remaining firms in the group

In the remaining set of companies, HVS Vietnam (HVS) earned 1 billion VND, up 170% from a low base of 0.5 billion VND. Guotai Junan Securities (GTJA) earned 14 billion VND, up 163% year-on-year. Capital Securities (CASC) earned 7 billion VND, up 122%.

Company outlook and implications

Looking ahead, Tiên Phong Securities (ORS) set growth targets for 2026, projecting revenue of 2,250 billion VND (up 50%), pretax profit of 428 billion VND, and net profit of 343 billion VND, which the company said would correspond to around 190% growth.

While the sector’s increases are measured in multiples, the article notes that many firms began from low bases, which can amplify percentage growth. It also highlights that absolute profit levels have not yet been described as particularly remarkable.