VPBank Securities Company (VPBankS) announced Vu Huu Dien's resignation last week and plans to elect an additional board member soon.

Born in 1972, Dien served as chairman of the board of directors at VPBankS from 7/2024 to mid-9/2025. He then transitioned to vice chairman to comply with regulations prohibiting chairmen of public companies from simultaneously holding the chief executive officer position. Before joining VPBankS, he was the portfolio director at Dragon Capital.

Dien made a significant impact at VPBankS through its initial public offering (IPO) and subsequent listing on the Ho Chi Minh Stock Exchange. In his capacity as chief executive officer, he frequently engaged with both domestic and international investors at roadshows, addressing their inquiries. He stepped down as chief executive officer in mid-12/2025, approximately one month after the IPO was completed.

Vu Huu Dien. Photo: VPBankS 2024 Annual Report

Last year, VPBankS reported revenue exceeding 7,960 billion VND and a pre-tax profit of 4,475 billion VND, marking increases of nearly 220% and 267% respectively compared to the same period. The company acquired about 685,000 new securities accounts, bringing its cumulative total to 1.1 million, which represents approximately 10% of the entire market.

For this year, VPBankS projects revenue to reach 11,074 billion VND and pre-tax profit to hit 6,453 billion VND, reflecting anticipated increases of 39% and 44% respectively from last year. The leadership aims to boost its brokerage market share on the Ho Chi Minh Stock Exchange from 3.2% to 5%, while increasing the average outstanding loan balance for the year from approximately 20,000 billion VND to nearly 49,500 billion VND.

On the stock exchange, VPBankS shares (ticker: VCK) are currently trading around 34,000 VND, corresponding to a market capitalization of over 82,500 billion VND.

Phuong Dong