VPS Securities Joint Stock Company remained the largest brokerage by trading value on the Ho Chi Minh City Stock Exchange in both the fourth quarter of 2025 and full-year 2025, according to a release from the exchange.
In the fourth quarter of 2025, VPS accounted for 14.28 percent of total brokerage transaction value.
SSI Securities Corporation ranked second with 12.50 percent, followed by Techcombank Securities Joint Stock Company with 9.00 percent.
Ho Chi Minh City Securities Joint Stock Company placed fourth with 6.74 percent, while Vietcap Securities Joint Stock Company held a 6.39 percent share.
MB Securities Joint Stock Company recorded a market share of 5.11 percent in the quarter, ahead of VNDIRECT Securities Joint Stock Company at 4.62 percent.
KIS Vietnam Securities Joint Stock Company reported 3.46 percent, VPBANK Securities Joint Stock Company 3.21 percent, and Mirae Asset Securities Joint Stock Company (Vietnam) 2.82 percent, completing the top 10.
For full-year 2025, VPS expanded its lead, posting a market share of 15.95 percent. SSI Securities ranked second with 11.53 percent, while Techcombank Securities placed third with 7.99 percent. Vietcap Securities and Ho Chi Minh City Securities followed with market shares of 6.55 percent and 6.52 percent, respectively.
VNDIRECT Securities Joint Stock Company and MB Securities Joint Stock Company were tied at 5.37 percent each for the year.
Mirae Asset Securities Joint Stock Company (Vietnam) held 3.20 percent, KIS Vietnam Securities Joint Stock Company 3.13 percent, and Vietnam Foreign Trade Commercial Bank Securities Company Limited 2.80 percent.
The figures cover brokerage transaction values recorded on the Ho Chi Minh City Stock Exchange during 2025.
Table of brokerage market share / Q1 – Q4 2025
| # | Company | Q1 | Q2 | Q3 | Q4 | MoM | 2025 |
| 1 | VPS Securities Joint Stock Company | 16.67% | 15.37% | 17.05% | 14.28% | -2.77% | 15.95% |
| 2 | SSI Securities Corporation | 10.09% | 10.85% | 11.82% | 12.50% | 0.68% | 11.53% |
| 3 | Techcom Securities Joint Stock Company | 7.48% | 7.45% | 7.75% | 9.00% | 1.25% | 7.99% |
| 4 | Ho Chi Minh City Securities Corporation | 6.61% | 6.69% | 6.25% | 6.74% | 0.49% | 6.55% |
| 5 | Vietcap Securities Joint Stock Company | 6.78% | 6.84% | 6.43% | 6.39% | -0.04% | 6.52% |
| 6 | MB Securities Joint Stock Company | 5.23% | 5.39% | 5.61% | 5.11% | -0.50% | 5.37% |
| 7 | VNDIRECT Securities Joint Stock Company | 5.43% | 6.36% | 5.42% | 4.62% | -0.80% | 5.37% |
| 8 | KIS Vietnam Securities Joint Stock Company | 3.20% | 3.13% | 2.87% | 3.46% | 0.59% | 3.20% |
| 9 | Joint Stock Commercial Bank for Foreign Trade of Vietnam Securities Company | 2.87% | 2.91% | 2.88% | 3.21% | 0.33% | 3.13% |
| 10 | Mirae Asset Securities Joint Stock Company (Vietnam) | 3.98% | 3.50% | 2.97% | 2.82% | -0.15% | 2.80% |