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A Vietnam securities retail services assessment ranked TCBS, DNSE and VPS as the top three for 2026. It studied 75 securities firms and evaluated 45, examining market share growth, trading platforms, costs, investor support and service improvements.
VietnamBiz’s Research and Ratings Division announced its 2026 assessment of retail brokerage services on November 12. TCBS, DNSE and VPS took the top three places overall. The assessment covered 45 securities firms and found marked differences in trading tools, margin lending risk alerts and investor education.
SGI Capital says Vietnam’s margin debt reached a record 457.5 trillion dong at the end of the third quarter. It warns that some shareholders have moved borrowed funds out of the stock market, raising the risk of defaults and forced share sales that could affect other margin accounts.
Vietnamese securities firm Kafi has applied to offer 125 million shares to the public, aiming to raise VND 1.875 trillion. The application awaits regulatory review. Kafi plans to seek a Ho Chi Minh Stock Exchange listing after the offering and targets VND 3 trillion in profit by 2030.
Rong Viet Securities (VDSC) forecasts that after-tax profits of companies listed on the Ho Chi Minh Stock Exchange will rise about 24% year on year in the fourth quarter of 2026, led by nonfinancial companies and insurers. Third-quarter after-tax profits rose 50.1%, but trading activity continued to shrink and foreign investors were net sellers for three consecutive months.
After two consecutive monthly declines in the VN-Index, SSI Research says lower valuations, seasonal patterns, and changes in interest and exchange rates could help the market form a short-term bottom in November. Thin trading, continued foreign net selling, and slower earnings growth remain constraints.
