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On the morning of April 24, Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) held its 2026 annual General Meeting of Shareholders (AGM), approving its 2025 activity report and setting the bank’s business direction for 2026.
For 2026, HDBank aims to increase pre-tax profit by 41% year-on-year to around 30.100 trillion VND, which would be the bank’s record profit to date. The bank also targets credit growth of 37%—the highest in the system—bringing total loans to over 804,000 billion VND.
HDBank expects total assets to rise 28% from 2025 to nearly 1.2 quadrillion VND, while total deposits are projected to grow 28% to over 1 quadrillion VND. The bank plans to keep the non-performing loan (NPL) ratio under 2%.
In 2025, HDBank reported total assets of 931,000 billion VND, up 34%. Consolidated pre-tax profit reached 21,000 billion VND, up 27.6%.
As of December 31, 2025, consolidated total assets stood at 931,000 billion VND, up 33.5% compared with end-2024. Total mobilized funds reached 832,000 billion VND, with customer deposits up 28%.
Based on 2025 results, HDBank proposed a 30% stock dividend from undistributed profits. However, the issuance plan details were not disclosed at the time of reporting.
HDBank said the 2026 operating environment may remain challenging due to complex geopolitical conditions, including the US–Iran conflict, which could affect the global economy through energy disruptions and oil price volatility. The bank expects Vietnam’s economy to maintain stable growth but said external impacts require proactive responses.
Chairman Kim Byoungho stated that the AGM’s approved direction focuses on building an integrated financial ecosystem with HDBank, Vikki Bank, HD SAISON, and HDS. Vikki Bank is described as a transformative milestone that is currently recovering and gradually becoming a new growth engine.
In a favorable scenario, the government targets 2026 GDP growth at a high rate, approaching two digits, while global risks remain a consideration. Against this backdrop, the HDBank Board plans to strengthen capital, ensure liquidity, and manage the investment portfolio prudently in line with its risk appetite.
The AGM is expected to approve plans to establish a 100% domestically owned commercial bank at Vietnam International Financial Center (VIFC), with charter capital of at least 3,000 billion VND. The proposed entity would be a single-member limited liability company wholly owned by HDBank.
HDBank also proposed increasing its stake in HD Securities (HDS) to at least 51% and up to 90% to make it a subsidiary. As of March 31, 2026, HDBank held 29.9999% of HDS.
HDS reported earnings of more than 1,400 billion VND in 2025. The target for 2026 is over 4,000 billion VND, with earnings above 10,000 billion VND thereafter.
The AGM will consider increasing HDBank’s charter capital by up to 9,891 billion VND to 59,945 billion VND. The proposal includes two funding options:
The issue price for the private placement would be determined through direct agreement with investors, but not below the book value at the most recent reviewed or audited consolidated financial statements prior to the Board decision.
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