
VPS Securities Joint Stock Company (VCK), formerly known as Vietnam Joint Stock Commercial Bank for Non-State Enterprises, was established in 2006. The main business areas of the company include: investment banking services, securities brokerage, proprietary trading. With its core business as an investment bank, VCK provides a range of professional advisory services in equity, market debt, mergers and acquisitions (M&A) and corporate restructuring. VCK is currently the securities brokerage company with the largest market share in stock brokerage, fund certificates and warrants at hose, HNX and Upcom markets. In 2025, the revenue from securities brokerage operations will be equivalent to VND 3,770.45 billion, an increase of 18. 32% YoY. Margin/Equity at 76.59%, down 30.86%. Profit before tax is equivalent to VND 4,471.41 billion, an increase of 41.78%. The return on equity (ROE) was at 17.81%, down 6.94%. On December 16, 2025, VCK officially traded on the Ho Chi Minh City Stock Exchange (hose).
VCK currently has a market capitalization of roughly VND 67.447 billion, placing it in the large-cap group on the Vietnamese stock market. Its current P/E of 15,9x is 17% below its own 2-year average (19,2x), suggesting the stock is trading cheaper than its historical norm. P/B stands at 2,1x, 44% below its multi-year average of 3,8x. Return on equity (ROE) is at 15,6%, down from 22,6% the year before. Its debt-to-equity ratio of 0,3x is low, reflecting a conservative capital structure. In 2025, revenue grew 127% year-on-year while after-tax profit grew 68%.
This note is generated automatically from the stock's real financial data, for reference only — not investment advice.
Unit: VND billion. Growth (%) vs. previous period.
Unit: VND billion. Year-end values; current year uses latest session.
Unit: x. Financial debt over shareholders' equity.
Data aggregated from cafef.vn and VNDirect, for reference only, not investment advice.