VIX stock fell 34% in half a month, capitalization lost more than 20,000 billion VND

VIX has had a strong bull run. While the stock was still below par at the beginning of 2025, the rally that began in early July 2025 has quickly pushed the stock price straight up to 3x.

By the session of October 15, this stock officially reached its historical peak in terms of closing price: 39,600 VND/share. If calculated by the highest price achieved, VIX had reached 40,450 points in the session of October 16. And since then, the price of VIX has been falling steadily.

VIX stock performance from the beginning of 2025 to present

On November 3, VIX dropped to the floor price of -6.96%. The sell order volume was more than 117 million units, the highest in the past half month, 1.5 times the sell order volume of the previous session. By the end of the day, the remaining sell order at the floor price was more than 13.5 million units while there were no buyers.

Closing on November 3, VIX's market price was only VND26,050/share. Thus, this securities company's stock has lost 34% in half a month. In the 13 trading sessions since VIX's price peaked, this code has had 4 sessions of more than 6% decrease and only 3 sessions of increase.

With the sharp price drop, VIX's market capitalization also "evaporated" more than VND 20,700 billion in half a month, equivalent to a decrease of 52%.

Amid the stock decline, on October 31, VIX issued a notice advising investors to be cautious about some false information on some forums and social networks related to VIX.

This securities company said that this information is false and affects the psychology of investors and customers, causing loss of confidence in the image and reputation of VIX, leading to infringement of the rights of VIX shareholders.

Notably, VIX shares fell sharply while the securities company continued to announce strong business growth results.

In the third quarter of 2025, strong proprietary trading activities helped VIX achieve high profits. Profit from financial assets recorded through profit/loss (FVTPL) of VIX reached VND 2,751 billion, nearly 7 times higher than the same period last year thanks to strong growth of the stock market.

At the same time, boosting margin lending activities also brought revenue from receivables and loans to VND341 billion in the quarter, three times higher than the same period last year.

At the end of the third quarter, VIX achieved VND2,449 billion in profit after tax, marking the quarter with the highest profit in its history. Accumulated profit for the first 9 months reached VND4,123 billion, 7.5 times higher than the same period in 2024.

At the beginning of the year, VIX set a target of VND1,500 billion in pre-tax profit and VND1,200 billion in after-tax profit for 2025. By September, VIX planned to adjust its 2025 profit target to VND5,000 billion in pre-tax profit and VND4,000 billion in after-tax profit. This plan is expected to be submitted to the company's 2025 extraordinary general meeting of shareholders.

The extraordinary shareholders' meeting is scheduled to be held by VIX on November 28 in Hanoi . Although there was a plan to adjust the previous year's plan, recently, the official documents of the shareholders' meeting show that the plan has changed with a higher target.

Specifically, the adjusted annual plan submitted to shareholders will be 6,500 billion VND in pre-tax profit and 5,200 billion VND in after-tax profit, respectively 4.3 times higher than the original target.

In addition, VIX also plans to offer additional shares to existing shareholders to increase charter capital. The number of additional shares offered is expected to be VND918.8 billion, the offering ratio to shareholders is 10:6. The expected offering price is VND12,000/share.

The total amount of money raised from the offering, expected to be VND 11,026 billion, will be used to contribute additional capital to VIX Cryptocurrency Exchange JSC, about VND 1,000 billion, and the rest will be used to supplement capital to improve self-investment capacity, margin trading and securities lending activities.

If the issuance is successful, VIX's charter capital will increase from the current VND15,314 billion to VND24,502 billion.

In the third quarter financial report, VIX's outstanding margin lending balance as of the end of the period was VND16,064 billion. This outstanding balance has increased to more than VND10,290 billion compared to the beginning of the year.

VIX's FVTPL asset portfolio. Source: Company's Q3/2025 financial report

Meanwhile, in the proprietary trading category, VIX's FVTPL assets at the end of the period recorded a total value of VND12,410 billion, not much change compared to the beginning of the year. VIX's portfolio is mostly in listed stocks.

The investment value in the three codes EIB - GEE - GEX alone accounted for more than 6,000 billion VND, equivalent to 70% of the listed stock portfolio. In addition, VIX also invested 1,292 billion VND in unlisted stocks, of which 1,101 billion VND were shares of Gelex Infrastructure JSC.

Source: https://baodautu.vn/co-phieu-vix-giam-34-trong-nua-thang-von-hoa-mat-hon-20000-ty-dong-d428003.html