HDS plans to invest 1.470 trillion VND to establish a cryptocurrency exchange

HD Securities Corporation (#HDS ) has just announced a plan to raise more than 7.300 trillion VND through the issuance of over 365 million shares for existing shareholders at a price of 20.000 VND/share. If successful, HDS's charter capital will increase to more than 5.115 trillion VND, reinforcing its position in the market.

Capital Allocation and Crypto Ambitions

Of the total capital raised, HDS plans to allocate: 63% (~4.600 trillion VND) for traditional financial investment activities (proprietary trading, deposits), and 25% for margin lending activities.

In particular, HDS intends to allocate 1.470 trillion VND to contribute capital to establish HD Cryptocurrency Exchange Corporation, with a target charter capital scale of 10.000 trillion VND. This move demonstrates HDS's strong determination to penetrate the cryptocurrency market that is being legalized in Vietnam. #Vietnam

Legal Context and Competition

HDS's plan comes right after the government issued Resolution 05/2025/NQ-CP allowing a pilot for the cryptocurrency market for 5 years. This resolution sets strict requirements for minimum charter capital (10.000 trillion VND) and ownership structure (at least 65% of capital from domestic organizations).

HDS is not the only organization betting on this market. Many other large financial companies such as MB Bank (in cooperation with Upbit), VIX Securities, and VPBankS have also announced similar moves, signaling a new race and the formation of a mainstream crypto market in Vietnam. #anh_ba_cong