What BIDV Securities Company does

BIDV Securities Company (BSC), legally Công ty Cổ phần Chứng khoán BIDV, is a Vietnamese joint-stock securities firm founded on November 18, 1999. It was among the first two securities companies established in Vietnam and the first bank-affiliated securities firm in the country, operating in a strategic affiliation with BIDV (Bank for Investment and Development of Vietnam), one of the country's largest state-owned commercial banks. BSC is headquartered in Hanoi (LPB Tower, Tran Quang Khai) with a branch in Ho Chi Minh City (President Place, Nguyen Du), holding 171 licensed securities practitioners as of December 2024 and trading memberships across HOSE, HNX, and UPCOM exchanges plus derivative clearing through VSD/VSDC.

The company operates a multi-platform trading ecosystem comprising BSC Webtrading (web browser), BSC Smart Invest (iOS/Android mobile app with integrated SmartOTP multi-channel authentication), and MTrader for professional users, supporting trading in equities, derivatives (VN30 Index Futures, Government Bond Futures), covered warrants, and corporate bonds. Its differentiated offering is XWealth, an AI-powered automated investment product built in collaboration with DATX using a 5-layer Neural Network Model and Machine Learning for news processing and trading signal generation, accessed via the X-Flexi module in Smart Invest. Security features include 256-bit SSL encryption and IDS/IPS infrastructure, with SmartOTP supporting SMS, in-app, email, and push authentication.

BSC's revenue model combines transaction-based brokerage commissions (tiered for derivatives), recurring interest income from margin lending and cash advances (12.5% per annum standard), professional service fees for investment advisory and corporate finance (ECM, DCM, M&A), depository and account service fees, and subscription-based research reports. Distribution blends self-serve digital channels with inside sales (hotlines in Hanoi and HCMC) and field support, augmented by BIDV's bank branch network and Smart Banking app integration. The customer base spans individual retail investors, domestic and foreign institutional investors, investment funds, investment banks, and corporate issuers; the firm achieved TOP 1 market share in government bond brokerage on HNX in H1/2026 and reported Q2/2026 pre-tax profit of 145.8 billion VND (+15% YoY).

Name

BIDV Securities Company

Legal name

Công ty Cổ phần Chứng khoán BIDV

Website

https://bsc.com.vn

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

BSC is a Vietnamese securities firm affiliated with BIDV bank, serving individual and institutional investors through multi-platform trading, AI-powered XWealth automated investing, margin financing, derivatives, and ECM/DCM/M&A investment banking services.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

Investment Banking and Securities Intermediation (52315), Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940), Commodity Contracts Intermediation (52316)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Financial Instruments & Derivatives Valuation (BPAHANAF)

Keywords

• Securities brokerage
• Investment banking
• Margin trading
• Derivatives trading
• Capital markets advisory

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Securities Brokerage Commissions: Commission fees charged on securities trading transactions across HOSE, HNX, and UPCOM exchanges for both underlying securities and derivatives. Fees are tiered by trading volume for futures contracts.
2. Margin Lending Interest: Interest income from margin (leverage) loans extended to customers for purchasing securities. Standard rate of 12.5% per annum for margin trading.
3. Cash Advance Interest: Interest charged on advance payments for pending securities sale proceeds before settlement. Standard rate of 12.5% per annum.
4. Investment Advisory Fees: Advisory service fees for investment recommendations, portfolio management (XWealth), and corporate finance advisory including ECM, DCM, and M&A consulting services.
5. Depository and Account Services: Fees for securities depository services, account maintenance, and inter-bank fund transfers through linked BIDV accounts.
6. Research and Analysis Reports: Revenue from subscription-based access to BSC's analytical research including macro reports, sector reports, company reports, and thematic reports.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

BSC is a Vietnamese securities firm providing retail and institutional brokerage services across HOSE, HNX, and UPCOM exchanges, covering equities, derivatives (futures), covered warrants, and corporate bonds. It operates three proprietary trading platforms (BSC Web Trading, BSC Smart Invest mobile app, MTrader) and offers margin trading (MR10 Plus), AI-powered automated investing (XWealth), investment advisory, securities depository, and capital markets services including ECM, DCM, and M&A advisory.

Product overview

BIDV Securities Company (BSC) operates a multi-platform securities trading ecosystem centered on three core trading platforms: BSC Web Trading (web-based), BSC Smart Invest (mobile app for iOS/Android), and MTrader (professional trading platform). The platforms support trading across stocks, derivatives, covered warrants, and corporate bonds. BSC differentiates through AI-powered automated investing via XWealth (in collaboration with DATX) accessible through the X-Flexi module in Smart Invest. Margin trading is offered through MR10 Plus sub-accounts with rates from 0%. The company provides integrated financial services including securities pledge loans, advance payments for securities sales, and bank account linking with BIDV. Corporate services encompass ECM, DCM, M&A advisory, and investment advisory. Research capabilities include macro, industry, and company analysis reports alongside investment recommendations. Securities depository is managed through VSD.

Differentiator

Problem solved

Functional benefit

Brands

• BSC Smart Invest: Mobile trading application for securities trading
• BSC Web Trading
• MTrader
• XWealth

Products and services

• BSC Web Trading Web-based online securities trading platform enabling investors to trade stocks, derivatives, covered warrants, and corporate bonds directly through a web browser, with Quick Trading, Pro Order modes, conditional orders, margin trading, and sub-account management.
• BSC Smart Invest Native iOS/Android mobile trading application providing secure securities trading with SmartOTP authentication, conditional orders, portfolio management, and access to XWealth automated investing via X-Flexi.
• MTrader Dedicated trading platform offered alongside BSC Web Trading and Smart Invest for professional and active traders seeking advanced trading tools.
• XWealth (AI Automated Investing) AI-powered automated investment product that manages portfolios on investor accounts using a 5-layer Neural Network Model and Machine Learning, generating buy/sell signals from news gathering and processing; developed in collaboration with DATX and accessible via X-Flexi on BSC Smart Invest.
• MR10 Plus Margin Trading Margin trading sub-account product offering preferential interest rates starting from 0% for new margin customers, designed to maximize profit potential from low-cost capital.
• BSC BUY (Margin Sub-Account) Sub-account for purchasing securities on credit, allowing investors to buy stocks with borrowed funds under margin trading arrangements.
• Derivatives Trading Trading services for futures contracts including VN30 Index Futures and Government Bond Futures, with margin trading, tiered contract fees, and comprehensive trading tools.
• Corporate Bond Trading Trading services for both listed and private corporate bonds, including e-Put-through and conventional negotiation trading methods.
• Covered Warrants Trading services for covered warrants (call and put) issued by BSC, including IPO warrant purchases and comprehensive warrant price boards.
• Securities Pledge (Collateral Loan) Joint product with credit institutions providing securities collateral loans up to 20 billion VND with loan terms up to 12 months, not exceeding 50% of collateral value.
• Advance Payment for Securities Sales Service allowing customers to receive proceeds from pending securities sales in advance, available as automatic or one-time options via online trading channels at 12.5% per annum interest.
• Investment Advisory Online investment advisory services providing personalized investment recommendations and portfolio management guidance to retail and institutional clients.
• Equity Capital Market (ECM) Services Capital market services including IPO underwriting, secondary offerings, and equity-related advisory for corporate clients.
• Debt Capital Market (DCM) Services Corporate bond issuance and debt capital market advisory services for enterprises seeking debt financing.
• M&A Advisory Mergers and acquisitions advisory services helping corporate clients with buy-side and sell-side transactions.
• BSC Research Reports (Analysis Reports) Comprehensive subscription-based research offerings including macro reports, industry and company reports, special thematic reports, BSC10/BSC30/BSC50 model portfolio recommendations, and BSC perspective commentary.
• Securities Depository Securities custody and depository services facilitated through Vietnam Securities Depository (VSD) for both individual and institutional investors.

Quantifiable outcome

• TOP 1 market share in government bond brokerage on HNX in H1/2026
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability3 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• DATXcoreTechnology or IntegrationDATX collaborates with BSC to power the XWealth automated investment product, which manages portfolios on investors' accounts at BSC Securities. DATX provides the AI technology using a 5-layer Neural Network Model and Machine Learning techniques to generate trading signals, while BSC provides the brokerage platform and customer distribution.
• Credit Institutions (Securities Pledge Service)coreStrategic or Co-development PartnerBSC jointly offers securities pledge (collateral loan) products with credit institutions, providing customers with diverse portfolio-based lending with competitive interest rates and loan limits up to 20 billion VND.
• VietinbankminorChannel Partner/ Reseller/ DistributorVietinbank acts as the collection agent for BSC's derivatives margin deposit/withdrawal transactions, charging 11,000 VND per transaction for fund transfers related to derivatives margin management.
• VSD/VSDC (Vietnam Securities Depository)coreOthersVSD/VSDC provides clearing and settlement services for BSC's derivatives contracts. BSC collects and remits clearing fees (2,550 VND per matched contract) and margin asset management fees (0.0024% of cumulative balance) on behalf of VSD/VSDC.
• HNX (Hanoi Stock Exchange)coreOthersBSC operates as a trading member on HNX, where it achieved TOP 1 market share in government bond brokerage in H1/2026. BSC also facilitates government bond trading and settlement on the HNX platform.
• HOSE (Ho Chi Minh City Stock Exchange)coreOthersBSC operates as a trading member on HOSE, facilitating trading of listed securities including stocks, covered warrants, and corporate bonds across all HOSE trading sessions.
• UPCOM ExchangecoreOthersBSC operates as a trading member on UPCOM for over-the-counter securities trading, providing access to securities not listed on HOSE or HNX.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• VietCapital Securities (VCSC): VCSC is a full-service Vietnamese securities firm providing brokerage, investment banking, and asset management. Highly comparable on ECM/DCM/M&A advisory, institutional brokerage, and proprietary research competing for the same institutional and high-net-worth clients.
• Ho Chi Minh City Securities Corporation (HSC): HSC is one of Vietnam's longest-established securities firms and a direct competitor across equities, derivatives, margin financing, and investment banking. Closely comparable given its full-service brokerage model and institutional research depth serving the same Vietnamese customer base.
• MB Securities (MBS): MBS is the securities arm of Military Commercial Joint Stock Bank (MB), making it a direct peer as another bank-affiliated Vietnamese broker leveraging a parent bank's distribution network. Comparable on margin lending, retail brokerage, and integrated bank–securities customer flows.
• VNDirect Securities Corporation: VNDirect is a leading Vietnamese securities broker with a digital-first platform (DigiTrade, DinoPro) and full ECM/DCM/M&A capabilities. Directly comparable on retail brokerage, margin, derivatives, and proprietary research, with similar self-serve digital distribution strategy.
• Mirae Asset Securities (Vietnam): Mirae Asset Vietnam is a foreign-affiliated broker offering equities, derivatives, and investment banking in Vietnam. Directly comparable on retail/institutional brokerage and a growing digital platform competing for the same Vietnamese retail and foreign institutional clients.
• Saigon-Hanoi Securities (SHS): SHS is a long-standing Vietnamese securities firm offering brokerage, margin, and proprietary trading. Comparable as a domestic full-service broker competing for retail and institutional clients across HOSE, HNX, and UPCOM.
• SSI Securities Corporation: SSI is Vietnam's largest securities firm by market capitalization and a direct competitor across the same product set — equity brokerage, derivatives, margin lending, investment banking, and research. Highly comparable given overlapping retail/institutional customer base, multi-platform offering, and Vietnamese capital-markets focus.
• ACBS (Asia Commercial Bank Securities): ACBS is another bank-affiliated Vietnamese securities firm (subsidiary of Asia Commercial Bank). Comparable as a direct competitor leveraging a parent bank's retail customer base for cross-sell into brokerage and margin products.

Emerging players

• FPT Securities: FPT Securities is affiliated with FPT, one of Vietnam's largest technology groups, giving it a tech-enabled brokerage proposition. Comparable on retail digital brokerage and a tech-affiliated brand competing for younger retail traders in Vietnam.
• KAFI (KAF Vietnam Securities, formerly KAF): KAFI is a growing Vietnamese broker focused on digital trading and margin financing. Comparable on the digital-first retail brokerage, margin lending, and derivatives trading dimension, though smaller in investment banking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=ITOJi2YDuoI&t=70s
• Xx.com/chungkhoanbsc
• Facebookfacebook.com/CongTyChungKhoanBSC
• LinkedInlinkedin.com/company/bidv-securities

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 BIDV Securities Company