Vietnamese securities firms report capital shifts and governance changes

Techcombank Securities (TCBS) has approved a plan to issue nearly 555 million shares to pay a 20% dividend in late 2026. This move is expected to increase the company's charter capital from approximately 27,744 billion VND to 33,293 billion VND. TCBS reported record quarterly pre-tax profits of 2,097 billion VND in Q2 2026, driven largely by margin lending and proprietary trading.

In contrast, SBB Securities (SBBS) is reporting to the State Securities Commission after its equity fell below the minimum regulatory requirement of 85 billion VND. The decline to 83.74 billion VND as of July 31, 2026, was attributed to market revaluations of investment portfolios and ongoing impacts from previous legal provisions. SBBS is currently implementing a capital increase plan to rectify the situation.

Meanwhile, SMC Trading Investment Joint Stock Company is proposing to cancel its 2026 ESOP issuance plan. The company is also seeking shareholder approval to restructure debt and bonds through share swaps, alongside a transition in corporate governance from a Supervisory Board to an Audit Committee reporting to the Board of Directors.