Information about the Company
Viet Dragon Securities Corporation (VDSC) is one of the leading securities firms in Vietnam, operating in all securities-related businesses. VDSC has established the vision to become a leading financial institution in Vietnam by 2030. This vision is concretised into the mission to 5 main targeted groups: customers, employees, shareholders, financial market and Vietnam economy, and the community.
To build a longstanding cultural foundation, VDSC has 6 core values that each member of the company must comprehend which are aspiration and ambition; credibility and customer-centric; diligence and consideration; discipline and professionalism; innovation and creativity; acceleration and power.
Corporate Culture & Initiatives
VDSC wishes to build a humane and dynamic working environment and corporate culture, attracting capable and enthusiastic personnel to cooperate and work, to grow, to develop careers and create a prosperous future. VDSC has invested and implemented many internal and external activities to strengthen cohesion, solidarity and to “ignite fire” for employees such as team building events, sports clubs and competitions, year-end parties, Women's Day celebrations, etc.
In addition to contributing to the development of the stock market, VDSC also shares responsibility with the community and society through corporate social responsibility (CSR) activities. Highlights of these activities are long-lasting annual programmes, namely "Accompanying to School - Realising Dreams" for poor children and "Spring with Love” to spread warmth on Tet holiday every new year. Additionally, it also partakes in philanthropic activities such as donations to build roads and bridges in rural areas.
Be proactive in every activity to create the highest growth value for stake holders and keep in mind the contribution responsibility to Vietnamese securites market
Growth Initiatives
With the 2021's orientation of "Building foundation - Embracing future" - set from the beginning of the year, VDSC has actively strengthened its inner capability, perfected its business model in accordance with the new development strategy and boosted digital transformation projects to launch. The encouraging results were also gained from successfully capturing and taking advantage of opportunities from the blooming of Vietnam's stock market in 2021. Owing to that, all business segments of VDSC grew significantly, both in terms of scale and efficiency.
Regarding challenges, VDSC's operation and risk management has been put under pressure by the fluctuation and risk of the sharp decline of stocks. The wave of foreign securities companies joining the domestic market with strong capital, management experience and advanced technology has increased the competition and reshaped the market.
However, with the strength of its deep market understanding over the last 15 years, VDSC has tailored and provided suitable products and services to bring the best efficiency to customers and made good use of investment opportunities to realise the company's growth targets. In order to do this, one of VDSC's initiatives is targeting niche markets to fully take advantage of its strengths.
Achievements & Impact
VDSC currently has a head office in Ho Chi Minh city and 3 branches located in Hanoi, Nha Trang and Can Tho city. As of September 30, 2021, VDSC had a total of 353 employees, of which 128 were newly recruited from the beginning of the year (36.2% of the total employees). The company acquired 51% of Viet Dragon Fund Management Company in preparation for the wealth management business to expand the business operation.
In the first 9 months of 2021, VDSC recorded total revenue of approximately VND 761 billion, which was 193% higher than the same period last year and completed 144% of 2021 plan. Within which, business segments of brokerage, investment banking and investment all completed and exceeded target of Fiscal Year 2021. Earnings after tax (EAT) was VND 320 billion, which increased by 539% year-over-year (YoY) and completed 222% of the 2021 target. This is the highest profit that VDSC has ever achieved since its establishment. Recently, VDSC was also listed in PROFIT500 rankings as one of most profitable enterprises in Vietnam in 2021.
VDSC has built the development strategy for 2021 – 2025 on the basis of assessing and identifying the strengths and weaknesses of the firm. At the same time, VDSC will also build a solid foundation with an efficient business model, quality staff, diversified product portfolio, services, facilities, excellent operating systems and effective risk management. VDSC has supported employees to complete professional courses and examinations to increase the number of employees having practicing certificates for the company.
Future Direction
2021 is the year that VDSC turns 15 on the journey to build and develop, the year for the new phase of 2021-2030. VDSC's mission for the new development phase will be to create an ecosystem of finance and investment for the enterprise communities and investors in Vietnam by being creative, providing financial solutions, tools and suitable investment product, so as to bring the best results to clients. Starting 2021, VDSC has to make a significant effort to build solid foundation on the ground of extensive and powerful digital transformation to actively seize and build a bright future for the company from brand new development opportunities of the nation, economy and Vietnam’s stock market.
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Viet Dragon Securities Corporation (VDSC)
Information about the Company
Viet Dragon Securities Corporation (VDSC) is one of the leading securities firms in Vietnam, operating in all securities-related businesses. VDSC has established the vision to become a leading financial institution in Vietnam by 2030. This vision is concretised into the mission to 5 main targeted groups: customers, employees, shareholders, financial market and Vietnam economy, and the community.
To build a longstanding cultural foundation, VDSC has 6 core values that each member of the company must comprehend which are aspiration and ambition; credibility and customer-centric; diligence and consideration; discipline and professionalism; innovation and creativity; acceleration and power.
Corporate Culture & Initiatives
VDSC wishes to build a humane and dynamic working environment and corporate culture, attracting capable and enthusiastic personnel to cooperate and work, to grow, to develop careers and create a prosperous future. VDSC has invested and implemented many internal and external activities to strengthen cohesion, solidarity and to “ignite fire” for employees such as team building events, sports clubs and competitions, year-end parties, Women's Day celebrations, etc.
In addition to contributing to the development of the stock market, VDSC also shares responsibility with the community and society through corporate social responsibility (CSR) activities. Highlights of these activities are long-lasting annual programmes, namely "Accompanying to School - Realising Dreams" for poor children and "Spring with Love” to spread warmth on Tet holiday every new year. Additionally, it also partakes in philanthropic activities such as donations to build roads and bridges in rural areas.
Be proactive in every activity to create the highest growth value for stake holders and keep in mind the contribution responsibility to Vietnamese securites market
Growth Initiatives
With the 2021's orientation of "Building foundation - Embracing future" - set from the beginning of the year, VDSC has actively strengthened its inner capability, perfected its business model in accordance with the new development strategy and boosted digital transformation projects to launch. The encouraging results were also gained from successfully capturing and taking advantage of opportunities from the blooming of Vietnam's stock market in 2021. Owing to that, all business segments of VDSC grew significantly, both in terms of scale and efficiency.
Regarding challenges, VDSC's operation and risk management has been put under pressure by the fluctuation and risk of the sharp decline of stocks. The wave of foreign securities companies joining the domestic market with strong capital, management experience and advanced technology has increased the competition and reshaped the market.
However, with the strength of its deep market understanding over the last 15 years, VDSC has tailored and provided suitable products and services to bring the best efficiency to customers and made good use of investment opportunities to realise the company's growth targets. In order to do this, one of VDSC's initiatives is targeting niche markets to fully take advantage of its strengths.
Achievements & Impact
VDSC currently has a head office in Ho Chi Minh city and 3 branches located in Hanoi, Nha Trang and Can Tho city. As of September 30, 2021, VDSC had a total of 353 employees, of which 128 were newly recruited from the beginning of the year (36.2% of the total employees). The company acquired 51% of Viet Dragon Fund Management Company in preparation for the wealth management business to expand the business operation.
In the first 9 months of 2021, VDSC recorded total revenue of approximately VND 761 billion, which was 193% higher than the same period last year and completed 144% of 2021 plan. Within which, business segments of brokerage, investment banking and investment all completed and exceeded target of Fiscal Year 2021. Earnings after tax (EAT) was VND 320 billion, which increased by 539% year-over-year (YoY) and completed 222% of the 2021 target. This is the highest profit that VDSC has ever achieved since its establishment. Recently, VDSC was also listed in PROFIT500 rankings as one of most profitable enterprises in Vietnam in 2021.
VDSC has built the development strategy for 2021 – 2025 on the basis of assessing and identifying the strengths and weaknesses of the firm. At the same time, VDSC will also build a solid foundation with an efficient business model, quality staff, diversified product portfolio, services, facilities, excellent operating systems and effective risk management. VDSC has supported employees to complete professional courses and examinations to increase the number of employees having practicing certificates for the company.
Future Direction
2021 is the year that VDSC turns 15 on the journey to build and develop, the year for the new phase of 2021-2030. VDSC's mission for the new development phase will be to create an ecosystem of finance and investment for the enterprise communities and investors in Vietnam by being creative, providing financial solutions, tools and suitable investment product, so as to bring the best results to clients. Starting 2021, VDSC has to make a significant effort to build solid foundation on the ground of extensive and powerful digital transformation to actively seize and build a bright future for the company from brand new development opportunities of the nation, economy and Vietnam’s stock market.