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[BUSINESS] · Vietnam · 12 sources

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Vietnam's top securities firms pay record 14.3 trillion VND in taxes

On 5 May 2025 Vietnam launched a new trading platform operated by KRX, linking the exchanges, the central depository and the clearing house. The upgrade removed previous order‑flow bottlenecks and saw liquidity of more than 639 million shares on the first day.

Fifteen leading securities firms together reported a tax contribution of about 14.300 trillion VND for 2025, up roughly 2.946 trillion VND (≈26 %) from the year before. The group is composed of ten privately‑owned firms, three subsidiaries of state‑owned banks (MBS, VCBS and BSC) and two firms owned by Korean financial groups KIS and Mirae Asset. VPS alone paid 2.848 trillion VND, nearly 20 % of the total, and retained its market‑leading brokerage share of about 15.95 % on the Ho Chi Minh City Stock Exchange in 2025.

Entities

KIS · KIS (Korea Investment & Securities) · KRX · Mirae Asset · VPS · VPS (Vietcom Securities) · Vietnam · Vietnam securities firms

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