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Viet Capital Discovery Investment Fund has registered to sell all 135,000 shares of Vietcap Securities JSC (VCI) as part of portfolio rebalancing. The transaction is expected to take place between May 6 and June 1, 2026. If the sale is completed, the fund will no longer hold any VCI shares.
Ms. Nguyen Thanh Phuong, chairwoman of Vietcap’s board, is also chairwoman of Viet Capital Discovery Investment Fund. She holds 30.8 million shares, representing 2.68% of VCI’s capital.
In Q1 2026, Vietcap recorded operating revenue of more than 1,400 billion VND, up 65% year-on-year. In the revenue structure, gains from FVTPL assets contributed the largest amount, over 500 billion VND, up 42% year-on-year. Gains from AFS assets reached 127 billion VND, more than 2.3 times. Brokerage revenue also rose sharply to nearly 340 billion VND, up 2.3 times year-on-year. Profits from lending and receivables reached nearly 415 billion VND, up 61%.
Operating costs increased sharply versus the same period, doubling to 632 billion VND, mainly due to losses on FVTPL assets and higher brokerage costs. Vietcap also faced pressure from financing costs, which rose nearly 90% to 346 billion VND.
As a result, Vietcap posted net profit after tax of nearly 341 billion VND, up 16% year-on-year.
As of March 31, 2026, Vietcap’s total assets stood at nearly 37.1 trillion VND, up 3% from the beginning of the year. Loans accounted for more than 16.6 trillion VND, AFS assets for more than 13.0 trillion VND, and the FVTPL portfolio for more than 2.5 trillion VND.
Within the AFS portfolio, Vietcap invested in several stocks including FPT, IDP, KDH, MBB, MCH, MWG, and TDM. Compared with the start of the year, the company increased exposure to MCH, MWG, and MBB, while reducing exposure to STB.
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