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At HDBank’s 2026 annual general meeting on April 24, dividend policy was a central topic. A shareholder proposed paying cash dividends, but GS.TS Nguyen Thi Phuong Thao, permanent vice chair of the Board of Directors, said the bank is in a phase of strong growth and needs to strengthen its capital base. She argued that HDBank should retain resources to support its growth strategy and therefore pay a 30% stock dividend.
Thao also pointed to the value shareholders have received from holding HDBank shares for more than a decade, citing both dividend income and stock price appreciation. Chairman Kim Byoungho said market valuation has improved, but it still does not fully reflect the bank’s intrinsic value given its future potential.
Management referenced HDBank’s 2025 performance and its five-year trajectory, saying it expects to sustain leading profits and durable returns. It attributed this outlook to strengthened governance, disciplined operations, strong capital, and prudent risk management. Management said that as HDBank continues to demonstrate sustained high growth with durable value, market valuation should gradually reflect intrinsic value and future potential.
HDBank’s 2026 targets include:
The parent bank’s credit growth will operate within growth limits approved by the State Bank of Vietnam (SBV).
HDBank said credit growth will prioritize manufacturing and business, supply chains, and other growth drivers of the economy, with the aim of optimizing asset quality and long-term profitability.
HDBank is among the banks approved for 35% credit growth over five years following the acquisition of Đông Á, which is now Vikii Bank.
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