VIX Securities 2026 AGM: Progress on VIXEX Crypto Business and Additional Investment Insights
At the Annual General Meeting of Shareholders on June 26, 2026, the management of VIX Securities disclosed the latest developments regarding its cryptocurrency exchange, VIXEX, for the first time. As Vietnam’s crypto market enters a critical preparation phase ahead of its pilot launch, VIX Securities is accelerating its strategic layout.
1. VIXEX Progress: Selected for Official Pilot, Facing a 1-Year “Licensing Window”
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Secured Pilot Qualification: Mr. Do Ngoc Dinh, Deputy General Director of VIX Securities, stated that VIXEX has been approved by regulatory authorities as one of the 5 qualified companies selected for the preparation phase of Vietnam’s cryptocurrency trading pilot project.
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1-Year Sprint to Final License: Shortlisting does not mean immediate licensing. VIXEX has approximately one year to meet regulatory requirements across four key dimensions: technical infrastructure, legal compliance, financial capability, and corporate governance, before obtaining its official operating license.
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Company Background: VIXEX was established in August 2025 with an initial charter capital of 1 trillion VND. VIX Securities currently holds a 15% stake, with the remaining shares held by FTG Vietnam JSC and 3C Computer-Communication-Control JSC.
2. Capital Moves: VIX Plans to Inject 1.35 Trillion VND via Rights Issue
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Follow-on Investment to Prevent Dilution: To maintain its 15% equity stake following VIXEX’s capital expansion, VIX Securities plans to invest an additional 1.35 trillion VND.
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Massive Capital Increase Plan: To raise the necessary funds, VIX Securities launched a rights issue plan early this year, offering nearly 919 million shares to existing shareholders at a 60% ratio (priced at 12,000 VND per share). This is expected to raise over 11 trillion VND, boosting VIX Securities’ own charter capital to over 24.5 trillion VND.
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Capital Allocation: Beyond funding the additional investment in VIXEX, the majority of the proceeds will be allocated to VIX Securities’ two core business units: proprietary trading and margin lending.
3. Strategic Intent: Aligning with Trends to Build Long-Term Revenue Streams
VIX management remains highly optimistic about the future of the cryptocurrency industry, anticipating strong growth as the digital economy expands. Investing in VIXEX goes beyond capitalizing on market trends; it expands VIX’s own financial ecosystem, creates long-term diversified revenue streams, and significantly strengthens its overall competitive edge.
4. Shareholder Concerns: What Is the Deployment Status of the Funds?
In response to shareholder inquiries regarding the progress of fund disbursement, Mr. Truong Ngoc Lan, General Director of VIX, clarified:
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The company completed its capital increase in early May.
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According to regulations, a detailed report on capital usage will be officially released six months post-completion.
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All raised funds—including the allocation for VIXEX（Vietnam crypto exchange）—are currently being disbursed steadily and strictly in line with the plan approved by the Annual General Meeting.