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Today, April 24, 2026, BIDV (Bank for Investment and Development of Vietnam) held its annual general meeting of shareholders.
BIDV’s AGM discussed a plan to increase charter capital from the current 70,213 billion VND to up to 99,558 billion VND, implying an increase of up to 26,757 billion VND.
The capital increase is structured into three components:
BIDV Chairman Phan Duc Tu is scheduled to retire on July 1. The bank plans to appoint two new non-executive/independent directors: Kim Sang Soo and Hoang Viet Hung.
Kim Sang Soo is described as representing Keb Hana Bank with a 14.21% stake in BIDV. Hoang Viet Hung is currently Deputy General Director of BIDV.
On January 10, 2026, the State Bank issued Notification No. 08/TB-NHNN regarding the retirement of Phan Duc Tu as Chairman in accordance with regulations effective from July 1, 2026. To meet governance requirements, BIDV’s Board of Directors proposes the appointment of Kim Sang Soo and Hoang Viet Hung.
For 2026, BIDV targets total assets growth of 5–10%. Lending growth will be maintained within the credit growth limit approved by the State Bank of Vietnam (NHNN). The bank’s 2026 pre-tax profit target is aligned with the authorities’ approval.
In 2025, BIDV remained the leading bank by size, with total assets surpassing VND 3.26 quadrillion for the first time, up 20.5% year-on-year. Deposits and lending grew by 13.7% and 15.2%, respectively. Asset quality was managed, with a non-performing loan ratio of 1.26%.
Standalone pre-tax profit reached VND 35,509 billion, up 15.7% and above the target.
At the AGM, BIDV also proposed a 2025 profit distribution plan focused on strengthening financial capacity and increasing charter capital. Net profit after tax in 2025 reached VND 28,445 billion. After adjustments, total undistributed profit rose to VND 28,459 billion.
The bank planned to allocate funds totaling over VND 15,179 billion across the reserve for capital adequacy, financial reserves, development investment, and welfare and bonus funds. After provisioning, the remaining profit stood at about VND 13,279 billion. After exchange-rate adjustments, the remaining profit before dividends was about VND 13,205 billion.
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