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BIDV SECURITIES JOINT STOCK COMPANY

Active

Business ID 0101003060

84-24 / 3935 2722

BIDV SECURITIES JOINT STOCK COMPANY

Active

Business ID 0101003060

84-24 / 3935 2722

BIDV SECURITIES JOINT STOCK COMPANY

Active

Summary

Name:

BIDV SECURITIES JOINT STOCK COMPANY

Business ID (TIN):

0101003060

Date of Registration:

31 Dec 2010

Registered Office:

State Security Commission of Vietnam

Ticker:

BSI

Address:

8th and 9th floors, ThaiHoldings Building, No. 210, Tran Quang Khai Street, Ha Noi City, Vietnam

Phone:

84-24 / 3935 2722

Fax:

(84-24) 2220 0669

Financial Statement:

2013, 2014, 2023

BIDV SECURITIES JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN CHỨNG KHOÁN NGÂN HÀNG ĐẦU TƯ VÀ PHÁT TRIỂN VIỆT NAM – BSC): A Conservative Player with Room to Grow

Legal Identity and Ownership Structure

BIDV SECURITIES JOINT STOCK COMPANY, better known as BSC, is a state-linked securities firm backed by one of Vietnam’s largest banks, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV). BSC is a publicly held joint stock company, listed on the Ho Chi Minh Stock Exchange (HOSE) under the symbol BSI, and registered under Business ID 111/GP-UBCK since December 31, 2010. Its charter capital stands at approximately USD 91.64 million, with BIDV owning a majority 51.96% stake—a controlling share that ensures the company maintains a conservative and risk-averse business approach.

Leadership and Governance

The firm is led by Chairman Doan Anh Sang, with Mr. Do Huy Hoai serving as General Director. The leadership team is competent but has not demonstrated the level of innovation or market aggressiveness seen in firms like VPS, SSI, or even younger entities like VIETCAP. BSC’s management style reflects its state-affiliated structure: risk-averse, methodical, and focused more on long-term preservation than rapid growth or market disruption.

Financial Performance: Moderate but Stable

In 2023, BSC reported total assets of USD 342.07 million and owner’s equity of USD 192.45 million, reflecting a relatively strong capital base. Its operating revenue reached USD 51.72 million, while net income was USD 16.77 million. These numbers are respectable, especially for a firm that prioritizes stability over aggressive expansion.

That said, these figures place BSC in the mid-tier of Vietnam’s securities sector, far behind market leaders in terms of scale and profitability. While firms like SSI and VPS boast hundreds of millions in revenue and significantly higher assets under management, BSC remains more of a legacy player, supported by its banking parent but lacking dynamic growth.

Business Activity: Lack of Transparency and Innovation

While BSC is active in core services like securities brokerage, investment consultancy, and custodial services, its public profile lacks depth. The company does not offer much visibility into its research capabilities, tech platforms, or value-added services—areas where competitors like VNDIRECT or FPTS are actively investing and innovating.

The report also notes that detailed information on BSC’s business activities is unavailable, which could be a red flag for investors looking for transparency and forward-thinking leadership. In an era where digital tools, client education, and fintech innovation are becoming the norm, BSC risks being left behind unless it upgrades its offerings.

Shareholder Confidence and Foreign Investment

In addition to BIDV, PYN Elite Fund of Finland owns 7.13%, which is a positive sign. This foreign institutional investment suggests some level of international confidence in BSC’s long-term financial stability. However, it’s important to note that such investments are likely based on the bank’s backing rather than BSC’s own performance potential.

Objective Analysis

The good: BSC is financially stable, enjoys solid backing from one of Vietnam’s most reputable state-owned banks, and has consistently turned a profit. It is a safe and conservative choice for investors seeking exposure to Vietnam’s financial markets without high risk.

The bad: The company lacks transparency, innovation, and aggressive market presence. Its business strategy appears dated, and its offerings are limited compared to newer, tech-driven players in the industry.

Investment Considerations and Risk Assessment with VBI

Given BSC’s mixed profile, investors are advised to obtain a comprehensive and unbiased view through VANGUARD BUSINESS INFORMATION LLC (VBI). VBI’s independent risk assessment services help identify not only financial strengths but also governance limitations and operational blind spots. Visit https://www.vnbis.com to explore reports on BSC and its peers for more informed decision-making.

Conclusion: Safe, Solid—but Stagnant?

BIDV SECURITIES JOINT STOCK COMPANY remains a reliable but unremarkable player in Vietnam’s securities landscape. Backed by a powerful parent bank, it offers financial safety and steady returns. However, in a market evolving rapidly with digital disruption and customer-centric innovation, BSC must either adapt or risk fading into irrelevance. Investors seeking conservative options may find it suitable—but for those looking for growth, agility, and innovation, other firms may be better suited.

Legal Profile

English Name:

BIDV SECURITIES JOINT STOCK COMPANY

Vietnamese Name:

CONG TY CO PHAN CHUNG KHOAN NGAN HANG DAU TU VA PHAT TRIEN VIET NAM

Short Name:

BSC

Business ID (TIN):

0101003060

Date of Registration:

31 Dec 2010

Registered Office:

State Security Commission of Vietnam

Ticker:

BSI

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ DOAN A.S

+ DO H.H

+ NGO T.P.L

+ LE Q.H

+ TRAN M.H

+ PHAM T.T

+ LE N.L

+ HOANG T.H

+ NGUYEN T.S

Address:

8th and 9th floors, ThaiHoldings Building, No. 210, Tran Quang Khai Street, Ha Noi City, Vietnam

Phone:

84-24 / 3935 2722

Fax:

(84-24) 2220 0669

Branch:

9th Floor, No. 146 Nguyen Cong Tru Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

6612 Security and commodity contracts brokerage

NACE:

66.12 Security and commodity contracts brokerage

Industry Sales Growth

CAGR (2019 - 2023)

YoY (2023)

Companies by industry

Company distribution and propportions

352

0.0121%

Key Industry Players

Top 10 companies in security and commodity contracts brokerage industry

red capital asset management joint stock company huu nghi fund management joint stock company fides (vietnam) fund management jsc kbs joint stock company. hochiminh stock exchange saigon capital gia cat loi commodity trading joint stock company saigon futures joint stock company southeast asia commodities trading corporation shark

Payment History

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Financial Performance

Assets	-72.56%
Owner’s Equity	-74.79%
Working Capital	-75.00%
Net Worth	59.85%
Sales	-94.21%
Operating income	-78.52%
EBIT	38.82%
Gross Profit Margin	72.16%
Debt to EBITDA	-26.10%

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Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

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EBT

EBITDA

Working Capital

Tangible Net Worth

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Historical Information

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Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About BIDV SECURITIES JOINT STOCK COMPANY

When did BIDV SECURITIES JSC start operating?

BIDV SECURITIES JSC was started in 31 Dec 2010

What industry does BIDV SECURITIES JSC operate in?

BIDV SECURITIES JSC is operating in "Security and commodity contracts brokerage" industry

How can I contact BIDV SECURITIES JSC?

BIDV SECURITIES JSC phone numbers is 84-24 / 3935 2722

What adverse news is there about BIDV SECURITIES JSC?

BIDV SECURITIES JSC’s has no negative news

What is stock symbol of BIDV SECURITIES JSC?

BIDV SECURITIES JSC’s stock symbol is BSI

Where is the location of BIDV SECURITIES JSC?

BIDV SECURITIES JSC is located at 8th and 9th floors, ThaiHoldings Building, No. 210, Tran Quang Khai Street, Ha Noi City, Vietnam

What is BIDV SECURITIES JSC’s business registration?

BIDV SECURITIES JSC business registration is 0101003060

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BIDV SECURITIES JOINT STOCK COMPANY