•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
SHB, one of Vietnam’s leading private banks, marked a milestone at its 2026 Annual General Meeting of Shareholders (AGM) with nearly 3,000 shareholders in attendance. The turnout highlighted SHB’s appeal beyond a single meeting and reflected sustained investor interest across the market. As a bank listed in VN30 and known for liquidity, SHB’s engagement levels underscored broad confidence in its performance and direction.
In 2025, SHB reported total assets of 892,009 billion VND, up 19% year-on-year. Pre-tax profit reached 15,021 billion VND, up 30%. Credit outstanding was 619,538 billion VND, up 16%, while the cost-to-income ratio stood at 22.1%, among the lowest in the sector. The bank also proposed a 2025 dividend of 16%, consisting of 6% cash and 10% stock.
The results were presented as evidence of operational efficiency and cost control, alongside the ability to sustain shareholder value through asset quality and disciplined management.
At the AGM, SHB outlined its 2026 business plan under two scenarios aligned with the approved credit growth caps. In the more favorable scenario, the bank targets pre-tax profit of 19,165 billion VND, up 28%, while keeping the ratio of bad debts below 2%. SHB also plans to raise charter capital to 58,786 billion VND and expects a 2026 dividend of 18%.
The plan emphasized growth supported by a stronger capital base and higher safety standards, rather than pursuing size at any cost.
Investor enthusiasm was reinforced by governance and leadership. The Chairman of SHB, Do Quang Hien, highlighted commitment to shareholders through actions and speeches. Foreign and domestic funds showed strong interest, reflected in a signing ceremony on April 9 in Hanoi for a private placement of 200 million shares to professional investors, equivalent to about 4.35% of pre-issue shares.
Participants included funds linked to Dragon Capital, groups under Korea Investment Management, PVI Asset Management, PVI Infrastructure Investment Fund, FPT Capital, HPP, and others. SHB leadership said attracting large investors supports the bank’s credibility and helps position it for faster growth by strengthening financial capacity and meeting international standards.
SHB’s strategy also extends beyond domestic markets. Internal documents and 2026 strategic guidance reference the theme of “a bank expanding capital strength and footprint in the region – SHB stock in FTSE consideration,” with the aim of meeting FTSE criteria on scale, liquidity, and transparency.
In 2025, SHB secured two USD-denominated syndicated loans under ESG criteria totaling USD 600 million. The bank is also negotiating additional foreign funding with a total limit of up to USD 1 billion.
Overall, the nearly 3,000 shareholders attending SHB’s 2026 AGM was described as more than a ceremonial figure. It was framed as reflecting multiple layers of trust: confidence in SHB’s transformation, broad participation by individual shareholders, market trust supported by VN30 listing and liquidity, institutional confidence shown through the private placement, and international credibility reflected in large-scale foreign fundraising and the regional expansion narrative.
After 33 years of development, SHB is entering a new phase with higher ambition, a stronger capital structure, refreshed branding, and wider market reach—factors that the AGM attendance was presented as underscoring.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
