KIS Vietnam Securities Joint Stock Company

What KIS Vietnam Securities Joint Stock Company does

KIS Vietnam Securities Joint Stock Company (Công ty Cổ phần Chứng khoán KIS Việt Nam) is a Vietnam-based joint-stock securities brokerage founded in 2007 and headquartered in Ho Chi Minh City. It operates as one of the earliest foreign-backed full-service brokers in the country, ranking among the top eight by market share on HOSE and HNX, with charter capital of VND 4,550 billion and assets under management of approximately VND 37,441 trillion as of January 2026. Its service stack spans individual retail brokerage (cash equities, derivatives, covered warrants, bonds), institutional execution and margin financing for both domestic corporates and foreign investors (including NPF trading without cash collateral), and ETF market making and liquidity provision, where it serves as Market Maker, Liquidity Provider, and Authorized Participant for more than 90% of Vietnam-listed ETFs and handles approximately 37% of the country's ETF transaction volume (over USD 2 billion annually).

The technology foundation rests on proprietary retail trading platforms: the iKIS mobile application (launched March 2024, replacing the prior KIS MTS app) and the WTS web trading system, both tailored for the Vietnamese market and supporting eKYC self-service account opening. Underpinning revenue are five distinct streams: brokerage commissions, margin financing interest (Margin K5 at 5.5%, K10 at 7.8%, K15 at 8.7%, plus a 10.4% domestic corporate rate), ETF market maker and authorized participant fees, fund distribution revenue (open-end funds such as VFM and Eastspring plus ETF certificates), and covered warrant issuance revenue.

Distribution combines a self-serve product-led front end for retail customers with an enterprise field-sales motion for institutional accounts, supported by a hotline/email inside-sales layer and a student ambassador referral channel. KIS maintains a branch network of seven offices split between Ho Chi Minh City (headquarters plus three trading offices) and Hanoi (branch plus two trading offices), and counts large Vietnam-focused asset managers — Dragon Capital, VinaCapital, SSIAM, Mirae Asset, and KIM Vietnam — as institutional counterparties.

Name

KIS Vietnam Securities Joint Stock Company

Legal name

Công ty Cổ phần Chứng khoán KIS Việt Nam

Website

https://kisvn.vn

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

KIS Vietnam Securities Joint Stock Company is a Ho Chi Minh City-based securities brokerage (founded 2007) offering retail and institutional brokerage, margin financing, fund distribution, and ETF market making across the Vietnamese stock market.

Ownership category

akta.pro rank

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices7 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. Brokerage Commissions: Commission fees from securities trading (cash securities, derivatives, covered warrants, bonds) executed on behalf of retail and institutional customers.
2. Margin Financing Interest: Interest income from margin lending (ky quy) services including Margin K products with interest rates starting from 5.5% per annum.
3. ETF Market Maker Services: Fees and trading revenues from KIS's role as Market Maker, Liquidity Provider, and Authorized Participant for Vietnam ETFs, handling over $2 billion in annual ETF transactions.
4. Fund Distribution Revenue: Distribution fees from selling open-end funds (VFM, Eastspring) and ETF certificates to customers.
5. Covered Warrant Issuance: Revenue from issuing and trading covered warrants (chung quyen co bao dam) on underlying securities.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

KIS Vietnam operates as a Vietnamese securities brokerage firm providing securities trading (cash equities, derivatives, covered warrants, bonds), margin financing (Margin K products), ETF market making and liquidity provision, and fund certificate distribution services. The firm enables self-serve retail trading through its proprietary iKIS mobile application and WTS web trading system, while delivering enterprise brokerage and financial support services to domestic and foreign institutional clients. It also serves as Authorized Participant and Market Maker for over 90% of Vietnam ETFs, handling approximately 37% of total ETF transactions in the market.

Product overview

KIS Vietnam Securities Joint Stock Company (KIS) operates as a comprehensive securities brokerage platform offering a unified product portfolio centered around its iKIS mobile application and WTS web trading system. The core offering includes securities trading services (basic securities, derivatives, covered warrants, bonds), complemented by margin trading products (Margin K5, K10, K15) with varying interest rates. KIS also provides specialized ETF distribution services as an Authorized Participant and Market Maker, institutional brokerage services, and financial support for both domestic and foreign institutional clients. The platform targets individual and institutional investors in the Vietnamese market with a full suite of investment and trading tools.

Differentiator

Problem solved

Functional benefit

Brands

• iKIS: Mobile trading application for individual investors, available on iOS and Android, designed for the Vietnamese securities market with fast, intuitive, and full-featured trading capabilities.
• WTS
• Margin K
• KIS ETF

Products and services

• iKIS Mobile Trading Application Mobile trading application for securities trading in the Vietnamese market, providing fast, intuitive, and feature-rich tools that enable retail investors to open accounts via eKYC and trade anywhere on iOS and Android.
• WTS (Web Trading System) Comprehensive browser-based online trading platform designed specifically for the Vietnamese market, providing full trading capabilities to complement the iKIS mobile app.
• Securities Trading Services Core brokerage services covering basic securities (cash equities), derivatives, covered warrants, and bonds trading for retail and institutional investors in Vietnam.
• Margin K Products Margin (ky quy) financing product family with tiered interest rates (Margin K5 from 5.5%, Margin K10 from 7.8%, Margin K15 from 8.7%) and flexible 5–10–15 day terms, designed for short-term trading, T+, and swing trading strategies for individual investors.
• ETF Distribution and KIS ETF Services Distribution of ETF certificates combined with KIS Vietnam's role as Authorized Participant and leading Market Maker / Liquidity Provider for more than 90% of Vietnam ETFs, with over USD 2 billion in annual ETF trading volume.
• Open Fund Distribution Distribution of open-end mutual fund certificates including VFM funds and Eastspring Investments funds to retail and institutional customers.
• Institutional Brokerage Services Brokerage services for institutional clients covering trade execution support, partner finding for large transactions, FOL stock trading, auction participation, and corporate investor relations support.
• Domestic Institutional Financial Support Financial support services for domestic institutional clients, including advance payments from securities sales (Ứng trước) with a simple process and preferential interest rates (10.4% per annum, with up to 90-day lending periods and possible extensions of another 90 days).
• NPF Trading for Foreign Institutional Clients Non-Position Fulfillment (NPF) trading services that allow foreign institutional clients to purchase Vietnamese securities without margin or cash collateral requirements.
• Shareholder Management and Auction Agency Services Additional corporate services including shareholder management, auction agency and consulting, Hanoi auction news, and HOSE auction news for corporate clients.

Quantifiable outcome

• Top 8 broker market share on HOSE and HNX exchanges
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• Dragon CapitalcoreTechnology or IntegrationDragon Capital is a major client network partner of KIS, described as an integrated investment platform focused on Vietnam and Southeast Asian emerging markets. Founded in 1994 with initial AUM of $18 million and six team members, Dragon Capital has grown to manage diversified investments in listed equities, private equity, clean-tech, fixed income, and real estate.
• KIM VietnamcoreTechnology or IntegrationKIM Vietnam is a client network partner operating under one of Korea's oldest asset management companies with over 40 years of experience. The company maintains a regional Asia network and manages over USD 50 billion in AUM for institutions, fund distributors, and retail investors.
• Mirae Asset Finance CompanycoreTechnology or IntegrationMirae Asset Finance Company is a global partner providing multi-asset management services. It is 100% owned by Mirae Asset Global Investment Co., Ltd, a pioneer in the Korean financial services industry dedicated to providing innovative solutions globally.
• SSIAMcoreTechnology or IntegrationSSIAM (Saigon Securities Incorporation Asset Management) is Vietnam's leading asset management company founded in 2007 with a vision of providing excellent returns with international standards of professionalism. As of September 2022, SSIAM manages over $674 million in AUM.
• VinaCapitalcoreTechnology or IntegrationVinaCapital is one of Vietnam's leading investment management companies founded in 2003 with a diversified portfolio of USD 3.9 billion in assets under management. The firm focuses on generating superior returns using extensive market knowledge and networks.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SSI Securities Corporation: Largest securities brokerage in Vietnam by market share on HOSE and HNX, offering retail brokerage, margin financing, investment banking and proprietary trading. Directly comparable to KIS Vietnam as a full-service broker competing for the same retail, institutional and corporate clients in Vietnam.
• Ho Chi Minh City Securities Corporation (HSC): One of the oldest and largest Vietnamese securities firms, providing retail brokerage, institutional brokerage, margin lending, and investment banking. HSC competes head-to-head with KIS Vietnam for both retail traders and corporate IPO/mandate flow.
• VNDirect Securities Corporation: Major Vietnamese online-first broker with strong retail market share, proprietary trading platform, margin financing and investment banking services. Highly comparable to KIS Vietnam in product mix, technology-led retail strategy, and target customer.
• VPS Securities Joint Stock Company: One of Vietnam's largest retail-focused brokers, known for derivatives and margin trading. Operates a competing proprietary trading platform and is a direct competitor to KIS Vietnam in the retail brokerage and margin financing segments.
• MB Securities Joint Stock Company (MBS): Brokerage arm of Military Commercial Joint Stock Bank, offering retail brokerage, margin financing, and investment banking. Comparable to KIS Vietnam as a bank-affiliated full-service broker competing for retail and institutional flow on HOSE/HNX.
• FPT Securities Joint Stock Company (FPTS): Vietnamese securities firm affiliated with FPT, providing retail and institutional brokerage, margin financing, and proprietary trading. Direct competitor to KIS Vietnam on the HOSE/HNX, with overlapping institutional client relationships.
• Vietnam Investment Securities Company (Vietcap): Top-tier Vietnamese securities firm with strong investment banking and brokerage franchises. Comparable to KIS Vietnam in institutional brokerage, IPO advisory, and fund services, and a direct competitor for corporate mandates.

Emerging players

• Mirae Asset (Vietnam) Securities: Vietnamese securities arm of Korean financial group Mirae Asset, focused on retail and institutional brokerage. Comparable to KIS Vietnam as another foreign-affiliated Korean-backed broker competing for the same international client base in Vietnam.
• Flow Traders: Global liquidity provider and ETF market maker focused on exchange-traded products. Comparable to KIS Vietnam's ETF market-making business, which handles ~37% of Vietnam ETF transactions; provides a benchmark for the economics of pure-play ETF market making.

Regional players

• Yuanta Securities Vietnam: Vietnamese subsidiary of Taiwan-based Yuanta Group, offering retail brokerage, margin financing and investment banking. Comparable to KIS Vietnam as another Asian foreign-affiliated broker operating across the same Vietnamese institutional and retail segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@chungkhoankisvn
• Facebookfacebook.com/chungkhoankisvietnam
• LinkedInlinkedin.com/company/kis-vietnam-securities-corporation

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 KIS Vietnam Securities Joint Stock Company