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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 14 sources · 1 days · First seen 21 days ago · Last updated 21 days ago

Vietnam's record corporate earnings surge 2026

Overview

Following the May 2025 launch of the KRX‑operated trading platform, Vietnam’s broker‑dealers collectively paid about 14.3 trillion VND in taxes for 2025 – a rise of roughly 26 % year‑on‑year. The top fifteen firms, including ten private houses, three state‑bank subsidiaries and two Korean‑owned groups, supplied the bulk of the contribution, with market leader VPS alone accounting for 2.848 trillion VND (nearly one‑fifth).

In the same period, state‑owned oil‑refining company BSR posted a historic H1 2026 revenue of ~100,900 billion VND, 45 % higher than the previous year. The surge was driven by Brent crude averaging $93.5 per barrel, about 30 % above 2025, and by the Dung Quat refinery operating at 124 % of design capacity and processing over 4.05 million tonnes of products. BSR’s contribution to the state budget rose to 5.871 trillion VND, and the firm set a full‑year revenue target exceeding 154 trillion VND, though after‑tax profit is projected to fall 58 % YoY.

These data points reinforce a broader pattern of record corporate earnings across Vietnam’s financial and industrial sectors in 2026, reflecting the impact of market‑infrastructure reforms, favorable commodity prices and continued state‑driven operational efficiency.

Entities

Vietnam securities firms · Nguyễn Việt Thắng · KRX · Dung Quát refinery · Vietnam

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 6 SOURCES] On 5 May 2025 Vietnam launched a new trading platform operated by KRX, connecting exchanges, the central depository and the clearing house.
[● 6 SOURCES] Fifteen leading securities firms reported a tax contribution of about 14.300 trillion VND for 2025, an increase of roughly 2.946 trillion VND (≈26 %) over 2024.
[● 6 SOURCES] The top‑15 group includes ten private firms, three state‑bank subsidiaries (MBS, VCBS, BSC) and two Korean‑owned firms (KIS, Mirae Asset).
[● 6 SOURCES] VPS contributed 2.848 trillion VND, about 20 % of the total tax contribution.
[● 6 SOURCES] VPS held a market‑leading brokerage share of about 15.95 % on the Ho Chi Minh City Stock Exchange in 2025.
[● 6 SOURCES] The KRX platform's launch lifted daily trading volume to over 639 million shares, easing previous order‑flow congestion.

Timeline

21 days ago

[BUSINESS] 4 sources
BSR refinery in Vietnam posts record 100,900 billion VND revenue for H1 2026
Vietnam's BSR refinery posted a record 100,900 billion VND revenue in the first half of 2026, with production at 124 % capacity and Brent prices up 30 % YoY.
21 days ago

[BUSINESS] 12 sources
Vietnam's top securities firms pay record 14.3 trillion VND in taxes
Vietnam's new KRX platform debuted on 5 May 2025; 15 securities firms paid a record 14.3 trillion VND in taxes, with VPS contributing 2.8 trillion VND and holding a 15.9 % market share.

Sources

afamily.vn · autopro.com.vn · biz.cafef.vn · cafebiz.vn · cafef.vn · erzsebetter.hu · genk.vn · kienthuc.net.vn · lubicsszilvi.webnode.hu · m.thanhnien.vn · soha.vn · tienphong.vn · tuoitre.vn · vietnamplus.vn

This summary has been updated 2 times: see revision history