The announcement was made by SSI Securities Corporation on the morning of 21/7. The appointment is for a term of 3 years.

Nguyen Duc Thong. Photo: SSI

Nguyen Duc Thong. Photo: SSI

In a press release, Nguyen Duy Hung, Chairman of the Board of Directors of SSI, expressed his confidence that "the combination of global expertise and understanding of the Vietnamese market will help the new CEO lead the company into a breakthrough phase of development." Hung stated this was a strategic choice and expressed his willingness to directly support the new CEO.

Thong joined SSI 6 years ago and has held various key positions, including Director of Derivatives Trading, Director of a Business Unit, and Assistant to the Chairman of the Board of Directors. In early 3/2024, he was appointed Deputy CEO. He is a graduate of Cambridge University (UK) and has worked for years at major financial institutions like Goldman Sachs and Morgan Stanley.

Nguyen Hong Nam, the outgoing CEO, will remain a member of the company's Board of Directors.

SSI's Q2 financial report shows parent company revenue of approximately 2,910 billion VND and pre-tax profit of 1,143 billion VND. For the first half of the year, the company's revenue reached 5,015 billion VND and pre-tax profit reached 2,161 billion VND, increasing 20.4% and 11.3% year-on-year, respectively. The company had total assets of 90,978 billion VND and equity of 27,687 billion VND at the end of Q2.

This year, SSI aims for revenue of 9,695 billion VND and pre-tax profit of 4,252 billion VND, up 11% and 20% year-on-year, respectively. This plan is based on a VN-Index scenario fluctuating between 1,450 and 1,500 points with average liquidity of 19,500 billion VND per session.

SSI's brokerage market share saw the largest increase in the first half of this year, gaining 1.29 percentage points to reach 10.47%. They are currently second in market share rankings, significantly closing the gap with the leading company, VPS.

Phuong Dong