Vietinbank Securities

What Vietinbank Securities does

Vietinbank Securities (Công ty Cổ phần Chứng khoán VietinBank, branded as VBSE) is a Vietnam-licensed securities brokerage and financial services firm operating as a subsidiary of VietinBank (Ngân hàng Thương mại Cổ phần Công Thương Việt Nam), one of Vietnam's four major state-owned commercial banks. Founded in 2000 and headquartered in Hanoi, VBSE offers a full-service securities platform including retail and institutional brokerage (stocks, bonds, derivatives), investment advisory, corporate finance consulting (securities offering advisory, listing advisory, M&A advisory), underwriting and issuance guarantee, and fixed income distribution (VietinBank bonds, certificates of deposit, government bonds). The firm's customer base is segmented into Individual Investors (Khách hàng Cá nhân) and Corporate/Institutional Investors (Khách hàng Tổ chức), both treated as primary segments.

VBSE's technology platform comprises two core trading channels: the VBSE iTrade mobile application (available on iOS and Android, branded under "unimobi") and the VBSE Board Trading web platform, supplemented by electronic Know Your Customer (eKYC) for remote digital account onboarding. Recent platform enhancements include extended cash withdrawal time functionality (April 2026) and mobile eKYC account opening (March 2026). The firm distributes its services through a four-office physical network (Hanoi headquarters, Hanoi Bà Triệu transaction office, Da Nang branch, Ho Chi Minh City branch) and cross-sells through VietinBank's nationwide banking branch network, providing a structural distribution advantage over independent Vietnamese brokers.

Revenue is generated through four streams: commission-based securities brokerage (transaction fees), investment advisory and corporate financial consulting (professional services), underwriting and issuance guarantee (professional services), and capital business trading of fixed income products (transaction fees). Pricing is quote-based and not publicly disclosed. Reported financials indicate substantial revenue growth in 2025 with rising net income through the period, though the absolute figures appear inconsistent with typical Vietnamese securities industry economics and should be treated with caution. VBSE operates as a private joint stock company with no public ticker.

Name

Vietinbank Securities

Legal name

Công ty Cổ phần Chứng khoán VietinBank

Website

https://cts.vn

Company type

Private

Founded year

2000

Operating status

Operating

Short description

Vietinbank Securities (VBSE) is a Hanoi-headquartered Vietnamese securities brokerage and corporate advisory firm, wholly-owned subsidiary of state-owned VietinBank, serving individual and institutional investors with brokerage, investment advisory, M&A advisory, underwriting, and fixed income distribution through mobile, web, and branch channels.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

Investment Banking and Securities Intermediation (52315), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Securities brokerage
• Investment advisory
• Corporate finance advisory
• Securities underwriting
• Fixed income products

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Securities Brokerage: Commission-based brokerage services for buying and selling stocks, bonds, and derivatives on behalf of individual and institutional investors.
2. Investment Advisory Services: Financial advisory and investment consulting services provided to individual and corporate clients, including securities investment advice, listing advisory, and M&A advisory.
3. Underwriting Services: Issuance guarantee and securities underwriting services for corporate clients seeking to issue bonds or equity.
4. Capital Business (Fixed Income Products): Trading and distribution of VietinBank bonds, certificates of deposit, government bonds, and other fixed income securities.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

VBSE is a Vietnamese securities brokerage firm that operates retail trading of stocks, bonds, and derivatives through its VBSE iTrade mobile app and VBSE Board Trading web platform, complemented by an eKYC system for digital account opening. For corporate and institutional clients, the company provides corporate financial advisory services (securities offering advisory, listing advisory, M&A advisory), securities underwriting/issuance guarantees, and distribution of fixed income products including VietinBank bonds, deposit certificates, and government bonds. The firm runs an Analysis Center producing market newsletters, strategic reports, and macro reports to support client investment decisions.

Product overview

Vietinbank Securities (VBSE) operates as a comprehensive securities brokerage and financial services firm under VietinBank, offering a multi-channel product platform. The core offering consists of VBSE iTrade (mobile trading app) and VBSE Board Trading (web trading platform) complemented by eKYC for digital account onboarding. For institutional clients, the company provides Corporate Financial Advisory services (securities offering, listing, M&A advisory, underwriting), while individual investors access Brokerage & Investment Advisory (stocks, bonds, derivatives). Capital Business services distribute fixed income products (VietinBank bonds, government bonds, deposit certificates). The Analysis Center provides market intelligence through newsletters, strategic and macro reports, and investor education content.

Differentiator

Problem solved

Functional benefit

Brands

• VBSE iTrade: Mobile trading application for securities investment
• VBSE Board Trading

Products and services

• VBSE iTrade Mobile Trading Application Mobile trading application available on iOS and Android that enables investors to trade securities, derivatives, and bonds on-the-go, with account management and market access capabilities.
• VBSE Board Trading Web Platform Web-based board trading platform accessible via browser for online securities transactions and portfolio management.
• Corporate Financial Advisory (Tư vấn Tài chính Doanh nghiệp) Enterprise financial advisory services for institutional and corporate clients covering securities offering advisory, listing/registration advisory on exchanges, M&A advisory (buy-side and sell-side), and issuance underwriting services.
• Brokerage and Investment Advisory (Môi giới & Tư vấn Đầu tư) Brokerage and investment advisory services for individual investors covering securities investment advice, equities, bonds, and derivatives, available via digital platforms and in-person advisory.
• Capital Business (Kinh doanh Vốn) Fixed Income Products Trading and distribution of fixed income securities for corporate and institutional clients, including VietinBank bonds, VietinBank deposit certificates, government bonds, and other bonds and deposit certificates.
• Issuance Guarantee and Underwriting (Bảo lãnh phát hành) Underwriting services provided to corporate clients issuing bonds or equity securities, acting as issuance guarantor for securities offerings.
• VBSE Analysis Center (Trung tâm Phân tích) Research Service Market research and investment knowledge service delivering market newsletters, strategic reports, macro reports, and general investment knowledge resources for investor education and decision support.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• VietinBankcoreOthersVBSE is a wholly-owned or majority-owned subsidiary of VietinBank, one of Vietnam's largest state-owned commercial banks. This parent-subsidiary relationship provides VBSE with brand credibility, customer referrals through the bank's branch network, and integrated financial services capabilities.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• SSI Securities Corporation: Vietnam's largest securities firm offering brokerage, investment banking, and asset management to retail and institutional clients across the same Vietnamese market as VBSE. Closest comparable in product breadth and customer segments.
• Ho Chi Minh City Securities Corporation (HSC): Long-established Vietnamese securities firm providing brokerage, advisory, and proprietary trading. Directly comparable in service mix (retail brokerage, advisory, fixed income) and target customer base.
• Vietcombank Securities (VCBS): Securities arm of Vietcombank — another major Vietnamese state-owned bank. Nearest structural comparable given bank-affiliated business model, branch-driven distribution, and full-service offerings.
• MB Securities (MBS): Securities subsidiary of Military Commercial Joint Stock Bank (MB). Comparable bank-affiliated brokerage with retail, institutional, and underwriting services targeting the same Vietnamese market.
• BIDV Securities (BSC): Securities arm of BIDV, one of Vietnam's largest state-owned banks. Highly comparable in parent-bank-driven distribution model, corporate finance advisory, and state-owned-enterprise client access.
• VNDirect Securities Corporation: Leading digital-first Vietnamese broker with strong retail franchise and investment banking capabilities. Highly comparable on mobile/web trading platform focus and individual investor targeting.
• Techcombank Securities (TCBS): Securities subsidiary of Techcombank offering brokerage, investment advisory, and capital markets services. Comparable bank-affiliated model with strong digital platform emphasis similar to VBSE's iTrade.
• ACB Securities (ACBS): Securities subsidiary of Asia Commercial Bank. Comparable bank-affiliated broker with brokerage, advisory, and capital markets services targeting Vietnamese retail and institutional investors.

Emerging players

• KIS Vietnam Securities: Vietnamese affiliate of Korea Investment & Securities with a growing retail brokerage and investment banking franchise. Comparable as a foreign-affiliated broker competing in Vietnamese retail and institutional segments.
• Mirae Asset Securities Vietnam: Vietnamese securities affiliate of Korea's Mirae Asset, providing brokerage and investment banking services. Comparable as a foreign-affiliated securities competitor with growing local retail and institutional business.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/vietinbankscfanpage

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 Vietinbank Securities