RongViet Securities

What RongViet Securities does

RongViet Securities (Công ty Cổ phần Chứng khoán Rồng Việt, ticker VDS) is a publicly listed Vietnamese securities company founded in 2006 and headquartered in Ho Chi Minh City, operating across brokerage, margin lending, investment banking / M&A advisory, and proprietary fund distribution. The firm serves hundreds of thousands of individual investors and hundreds of organizational clients in and outside Vietnam, and operates a seven-branch network (HCMC, Hanoi, Nha Trang, Can Tho, Binh Duong, Dong Nai, Vung Tau) alongside a digital self-serve channel. Registered capital is VND 2,720 billion.

The company's core product is iDragon, a proprietary online trading platform integrating order routing, portfolio monitoring, market analysis, account management, money transfer, and fund certificate trading, supported by an ecosystem of specialized platforms: goDragon (online onboarding via eContract/eSign), liveDragon (smart price board), smartDragon (risk-profile portfolio recommendations), hiDragon (AI-powered natural-language virtual assistant for market/sector/stock information retrieval), eduDragon (investor education with 62,000+ enrolled learners and 110+ video lectures), mplusDragon (margin financing), and aDragon (deep research reports). Distribution of the RVPIF open-ended fund is conducted through affiliated VDAM (Rồng Việt Asset Management).

The business model combines transaction-fee brokerage across HSX, HNX, and UPCOM; usage-based margin lending (advertised from 6.88%/year); subscription/distribution economics on RVPIF open-ended fund certificates; and professional-services fees from M&A advisory — a capability recognized by the Vietnam M&A Forum as Outstanding M&A Advisory Firm for six consecutive years (2020-2025). Marketing is multi-channel, combining digital content (analysis center, social media on Facebook, LinkedIn, YouTube, TikTok, Zalo), live Market Talk streams, annual investment seminars, and a customer referral program. Revenue in 2025 was approximately VND 26.6 trillion with net income of VND 10.8 trillion, recovering modestly from the 2022 cyclical trough.

Name

RongViet Securities

Legal name

Công ty Cổ phần Chứng khoán Rồng Việt

Website

https://vdsc.com.vn

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Short description

RongViet Securities is a publicly listed Vietnamese securities firm (ticker VDS) providing brokerage, margin lending, M&A advisory, and fund distribution to retail and institutional investors via the iDragon platform and seven branches across Vietnam.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Investment Banking and Securities Intermediation (523150), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

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

akta.pro secondary industries

Margin Trading & Collateralized Borrowing (Exchange-Operated) (FSADAAAL), Private Banking & UHNW Wealth Advisory (FSAEABAC)

Keywords

• Securities brokerage
• Investment advisory
• M&A advisory
• Margin lending
• Fund management

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, Others

Revenue model

1. Brokerage / Securities Trading: Commission-based brokerage services for equity trading on Ho Chi Minh Stock Exchange (HSX), Hanoi Stock Exchange (HNX), and UPCOM. Offers margin financing (lending) services with preferential interest rates (6.88%/year for new customers).
2. Investment Banking / M&A Advisory: Corporate investment banking services including M&A advisory. RongViet Securities has been recognized as Outstanding M&A Advisory Firm for six consecutive years at the Vietnam M&A Forum.
3. Fund Management / Wealth Management: Open-end fund certificate sales including RVPIF (Rồng Việt Prosperity Investment Fund), managed by VDAM (CTCP Quản lý quỹ Rồng Việt).
4. Margin Lending: Margin lending services (mplusDragon) providing flexible capital increases for investors, with interest rates starting from 6.88%/year.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

RongViet Securities is a Vietnamese securities brokerage and investment advisory firm that executes equity trades on the Ho Chi Minh Stock Exchange (HSX), Hanoi Stock Exchange (HNX), and UPCOM, provides margin financing, offers M&A advisory to corporate clients, and distributes open-ended fund certificates such as RVPIF. The firm serves hundreds of thousands of individual investors and hundreds of corporate clients through a proprietary digital ecosystem (iDragon, goDragon, liveDragon, smartDragon, hiDragon, eduDragon, mplusDragon, aDragon) backed by a 7-branch network across Vietnam.

Product overview

RongViet Securities operates as a securities brokerage firm offering a comprehensive ecosystem of digital investment products. The core offering centers on iDragon, a unified online securities trading platform integrating trading, monitoring, and analysis. The product portfolio includes specialized platforms: goDragon for account opening, liveDragon for price boards, smartDragon for portfolio management, hiDragon with AI-powered virtual assistant capabilities, eduDragon for investor education, mplusDragon for margin financing, and aDragon for research reports. The company also offers open-ended funds like RVPIF through its subsidiary VDAM. Services span individual and institutional brokerage, investment banking (M&A advisory), and bond services across a nationwide network of 7 branches.

Differentiator

Problem solved

Functional benefit

Brands

• iDragon: Online securities trading system with intuitive data visualization charts, integrated investment recommendations, and customizable interface.
• smartDragon
• hiDragon
• eduDragon
• goDragon
• liveDragon
• mplusDragon
• aDragon

Products and services

• iDragon Online Trading Platform

Quantifiable outcome

• 6 consecutive years of Outstanding M&A Advisory Firm recognition at Vietnam M&A Forum
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature7 records

Partnerships

One partnership is on record.

• VDAM (CTCP Quản lý quỹ Rồng Việt)coreStrategic or Co-development PartnerRồng Việt Securities works closely with VDAM (Viet Dragon Asset Management), its affiliated fund management company, to distribute open-end fund products such as RVPIF (Rồng Việt Prosperity Investment Fund). VDAM manages the fund while RongViet Securities serves as the distribution channel for fund certificates, particularly through its iDragon app.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• VNDirect Securities Corporation: Major Vietnamese online-focused broker with strong digital platform and retail brokerage franchise. Closely comparable on tech-enabled brokerage and self-serve account opening model.
• SSI Securities Corporation: Vietnam's largest securities brokerage, providing retail brokerage, institutional brokerage, investment banking (including M&A advisory), and proprietary investment. Most directly comparable peer given overlapping product set and similar Vietnamese market focus.
• MB Securities (MBS): Affiliated with Military Commercial Joint Stock Bank, MBS provides brokerage, investment banking, and margin lending. Comparable full-service Vietnamese brokerage with bank-affiliated distribution.
• Viet Capital Securities (VCSC): Vietnamese securities firm strong in investment banking and M&A advisory. Directly comparable on the IB/advisory track record that RongViet also highlights.
• Ho Chi Minh City Securities Corporation (HSC): Established Vietnamese securities firm offering brokerage, investment banking, and proprietary trading. Comparable mid-to-large competitor with overlapping institutional and retail brokerage services in Vietnam.
• Bao Viet Securities (BVSC): Affiliated with the Bao Viet insurance group, offering brokerage, investment advisory, and asset management. Comparable Vietnamese securities firm with insurance-group parent.
• Mirae Asset Securities Vietnam: Vietnamese subsidiary of Korean securities giant Mirae Asset, providing brokerage, investment banking, and wealth management. Comparable international-affiliated competitor in the same segments.
• KIS Vietnam Securities: Vietnamese arm of Korea Investment & Securities, offering retail brokerage, margin financing, and IB services. Comparable as a tech-forward brokerage competing on margin rates and digital UX.
• ACB Securities (ACBS): Securities arm of Asia Commercial Bank offering brokerage, margin lending, and investment advisory. Comparable bank-affiliated Vietnamese broker with overlapping retail and institutional services.

Others

• VietDragon Asset Management (VDAM): RongViet's affiliated fund management company (manages RVPIF). While not a competitor, it is the closest ecosystem partner and a comparable Vietnamese asset-management entity.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/c/chungkhoanrongviet_vdsc
• Facebookfacebook.com/vdsc.com.vn
• LinkedInlinkedin.com/company/viet-dragon-securities-corporate
• TikToktiktok.com/@rongvietsecurities?lang=vi-VN

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 RongViet Securities