VIX Securities

What VIX Securities does

VIX Securities (Công ty Cổ phần Chứng khoán VIX) is a Vietnamese non-banking financial institution that provides securities brokerage, investment advisory, securities depository, underwriting, enterprise financial consulting, and shareholder management services. Founded in 2007 and headquartered in Hanoi, the firm is publicly listed on the Ho Chi Minh Stock Exchange (HOSE) under the ticker VIX and operates with a 51–100 person team serving retail, professional, and corporate issuer clients across the HOSE, HNX, and UPCOM exchanges. The core technology platform is the proprietary XPower Trading Platform 4.0, delivered through web, desktop, and iOS/Android mobile clients, with differentiated features including conditional orders, social copy trading (Copytrade), and the XWealth AI investment assistant; DATX serves as the underlying digital asset technology infrastructure. The business model is multi-line: brokerage and trading commissions, advisory fees, securities depository and custody, underwriting and IPO support for corporate issuers, and shareholder management services for listed companies. The most strategically significant forward position is VIX's preliminary approval as one of only five entities licensed to operate a cryptocurrency exchange under Vietnam's five-year pilot program (Resolution 05/2025/NQ-CP, with Ministry of Finance preliminary approval March 27, 2026), targeting a Vietnamese crypto market with reported annual transaction volumes exceeding $200 billion.

Name

VIX Securities

Legal name

Công ty Cổ phần Chứng khoán VIX

Website

https://ibsc.vn

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

VIX Securities is a Vietnamese publicly listed securities firm (HOSE: VIX) that provides brokerage, investment advisory, securities depository, underwriting, and shareholder management to retail, professional, and corporate clients through its proprietary XPower 4.0 trading platform. It is one of five entities preliminary approved to operate a licensed crypto exchange under Vietnam's pilot program.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

Investment Banking and Securities Intermediation (523150), Securities and Commodity Exchanges (52321)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness) (FSACAAAI)

akta.pro secondary industries

Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA), Copy Trading, Social Trading & Automated Trading Platforms (FSADAAAK), Stock Borrow/Loan (Equities Securities Lending) (FSACAFAD)

Keywords

• Securities brokerage
• Investment advisory
• Equity trading
• Securities custody
• Corporate finance

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Distribution channels4 records

Marketing channels4 records

Core offering

VIX Securities (Công ty Cổ phần Chứng khoán VIX) is a Vietnamese securities firm offering brokerage, investment advisory, securities depository, securities underwriting, and corporate financial consulting. The company operates the proprietary XPower 4.0 digital trading platform and XWealth AI-powered investment platform serving retail and professional investors trading on HSX, HNX, and UPCOM exchanges. VIX is also preparing to operate a licensed cryptocurrency exchange as one of five entities preliminary-approved under Vietnam's regulated crypto pilot program.

Product overview

VIX Securities (Công ty CP Chứng khoán VIX) is a Vietnamese securities company offering a platform-plus-services model. Its core technology products include XPower (a comprehensive trading platform 4.0 with web, mobile, and desktop access), XWealth (AI-powered investment platform), and DATX (digital asset technology infrastructure). These platforms support trading across HSX, HNX, and UPCOM exchanges with advanced features like conditional orders and copytrading. Beyond technology products, VIX provides financial services including enterprise financial consulting, securities brokerage, investment advisory, securities depository, and shareholder management. The company is also preparing to enter the cryptocurrency exchange market under Vietnam's regulated pilot program, positioning itself among the five preliminary-approved entities for licensed crypto exchange operations.

Differentiator

Problem solved

Functional benefit

Brands

• XPower: Digital securities trading platform 4.0 offered by VIX Securities for web and mobile trading.
• XWealth
• DATX

Products and services

• XPower Trading Platform Comprehensive trading platform 4.0 offering real-time price boards, web trading, and mobile trading capabilities for Vietnamese stock markets including HSX (HOSE), HNX, and UPCOM.
• XWealth AI Trading AI-powered investment platform that uses artificial intelligence to assist investors with wealth management and trading decisions.
• DATX Digital Asset Technology Platform Digital asset technology platform serving as underlying infrastructure supporting VIX's digital securities and trading operations, with focus on speed and investor experience.
• Securities Brokerage (Môi giới chứng khoán) Brokerage service executing securities transactions on behalf of clients on Vietnamese exchanges, including handling of pre-offering procedures for issuers.
• Investment Advisory (Tư vấn đầu tư) Investment advisory service providing market analysis, recommendations, and situational analysis for individual and institutional investors.
• Securities Depository (Lưu ký chứng khoán) Custody and depository service for safekeeping, transfer, and ownership recording of client securities.
• Enterprise Financial Consulting (Tư vấn tài chính doanh nghiệp) Corporate financial advisory service where VIX represents client interests, conducts transactions, and provides financial analysis to enterprises.
• Shareholder Management (Quản lý cổ đông) Shareholder management service for corporate clients, including shareholder relations, corporate actions, and securities ownership administration.
• Analytical Reports (Báo cáo phân tích) Research and analytical reports including daily market newsletters, weekly trading strategies, technical analysis reports, focus reports, and corporate reports.

Quantifiable outcome

• One of five entities approved for Vietnam's $200B+ crypto market pilot program

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• BithumbflagshipStrategic or Co-development Partner · 7 May 2026While not a direct VIX partnership, Bithumb (South Korean crypto exchange) has signed MoU with SSI Digital for Vietnam crypto market entry. This competitive development positions VIX's independent crypto licensing efforts within the intensifying competition among five firms seeking Vietnam crypto exchange operations.
• Vietnam Ministry of FinancecoreStrategic or Co-development Partner · 27 March 2026VIX Securities is among five entities preliminary-approved by the Ministry of Finance to operate licensed crypto exchanges. The partnership requires compliance with Circular 32 tax framework and enforcement mechanisms for the regulated pilot program.
• Vietnam State Securities Commission (SSC)coreStrategic or Co-development Partner · 20 January 2026VIX Securities is working with Vietnam's State Securities Commission to obtain one of five cryptocurrency exchange licenses under the country's five-year regulated pilot program. The partnership involves meeting strict regulatory requirements including VND 10 trillion charter capital and 65% institutional ownership.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SSI Securities Corporation: Vietnam's largest securities brokerage by market cap, also applying for one of Vietnam's five preliminary crypto exchange licenses. Directly comparable full-service brokerage with proprietary digital platform and corporate finance business.
• Mirae Asset Securities (Vietnam): Korean-backed Vietnamese securities firm with full-service brokerage and proprietary digital platform. Comparable product set and target customer base, with regional parent providing technology leverage similar to VIX's in-house build.
• FPT Securities: Technology-forward Vietnamese securities firm backed by FPT Group. Comparable digital-first positioning and retail brokerage focus, making it a useful parallel for VIX's tech-led strategy.
• Viet Capital Securities (VCSC): Mid-sized Vietnamese securities firm with strong institutional/corporate finance franchise. Comparable in ECM advisory, brokerage, and proprietary research capabilities.
• VNDirect Securities: Major Vietnamese retail-focused securities broker with strong digital trading platform. Comparable in business mix (brokerage, advisory, margin, proprietary tech) and customer base (Vietnamese retail investors).
• Ho Chi Minh Securities Corporation (HSC): One of Vietnam's longest-established securities firms offering brokerage, investment banking, custody, and asset management. Directly comparable on service breadth and institutional client base.

Regional players

• Bithumb: Major South Korean crypto exchange that signed an MoU with SSI Digital to enter Vietnam's regulated crypto market. Represents the foreign strategic entrant that could compress VIX's potential share even if VIX secures a license.

Emerging players

• LPBank Securities: Securities arm of LPBank, also among the five entities preliminary-approved for Vietnam's crypto license. Comparable emerging direct competitor with bank-affiliated capital and distribution.

Broad incumbents

• VPBank Securities (VPBankS): Securities affiliate of VPBank, one of the five preliminary-approved crypto license applicants. Leverages VPBank's large retail deposit base for cross-sell, comparable to TCBS.
• Techcombank Securities (TCBS): Securities arm of Techcombank, one of Vietnam's largest private banks. Also preliminary-approved for the crypto license. Wider product portfolio and parent-bank distribution give it scale advantages over VIX.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VIX Securities