TCBS Chairman and CEO Income Decreased; How Do VPS and SSI Leaders' Salaries and Bonuses Compare?

In Vietnam's dynamic financial sector, recent reports highlight contrasting trends in executive compensation among leading securities firms. TCBS (Chứng khoán Kỹ Thương), a prominent player, has seen a decline in the earnings of its top leadership in 2025. Chairman Nguyễn Xuân Minh's remuneration fell by more than 1 billion VND, and CEO Nguyễn Thị Thu Hiền also experienced a reduction in her income. This dip in executive pay at TCBS occurred even as the company reported robust financial results, including a significant increase in after-tax profit and a growing market share in stock brokerage. This situation prompts questions about the distribution of company profits and the factors influencing executive compensation decisions within TCBS. Meanwhile, rival firms VPS (Chứng khoán VPS) and SSI (Chứng khoán SSI) present a different picture. Executives at VPS, in particular, have seen their incomes rise, with the company also reporting substantial profit growth and maintaining its dominant position in the stock brokerage market. This divergence in executive earnings between TCBS and its competitors underscores the complex interplay of company performance, market conditions, and corporate governance strategies within Vietnam's competitive securities industry. Investors and market observers will be keen to understand the underlying reasons for these differing compensation trends.