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Vietnam’s Ho Chi Minh City Development Joint Stock Commercial Bank delivered exceptional financial performance in 2025, with pre-tax profits surging 27.4% to over VNĐ21.3 trillion ($815.5 million) and surpassing internal targets. The bank’s fourth quarter alone generated profits exceeding VNĐ6.5 trillion ($249.4 million), representing a remarkable 60% increase from the same period in 2024.
Strong Balance Sheet Growth
HDBank’s consolidated total assets expanded 33.5% to VNĐ931 trillion ($35.7 billion) by year-end 2025, while total funding mobilization reached VNĐ832 trillion. Customer deposits climbed 28.2%, demonstrating enhanced market confidence in the institution. Outstanding loans increased 34.3% to VNĐ588 trillion, with the bank strategically focusing on sectors with reasonable risk profiles including small and medium enterprises, supply chains, production, exports, and green projects.
Total operating income rose 25.4% to VNĐ42.7 trillion, with non-interest income increasing 2.5 times year-on-year to comprise 18.6% of total operating income. This shift highlighted the effectiveness of HDBank’s income diversification strategy beyond traditional lending activities.
Industry-Leading Profitability Metrics
The bank achieved a return on equity of 25.3%, positioning it among the highest performers in Vietnam’s banking sector, while return on assets reached 2.1%. These metrics significantly exceeded sector averages, demonstrating superior capital efficiency. HDBank rewarded shareholders with cash dividends and bonus shares totaling nearly 30% during the year.
Despite aggressive growth, HDBank maintained disciplined risk management with a non-performing loan ratio of 1.66%. The capital adequacy ratio under Basel II standards reached 16.7%, among the highest across Vietnamese banks, providing substantial capacity for future credit expansion without immediate capital raising pressure.
Digital Banking Milestone
The year marked a strategic milestone with the completion of Vikki Digital Bank’s restructuring and development. In its inaugural year, the new-generation digital platform recorded over 2.1 million app downloads, signaling strong potential in digital and retail banking segments. The bank now serves more than 25 million customers, with 94% of individual transactions processed through digital channels.
HD SAISON, the bank’s consumer finance arm, contributed positively with profits exceeding VNĐ1.39 trillion and a return on equity of 22.5%, strengthening the overall consumer finance ecosystem.
Credit Rating Enhancement
Moody’s upgraded HDBank’s credit rating to the top tier among Vietnamese banks in 2025, reinforcing investor confidence in the institution’s financial strength, risk management capabilities, and long-term growth prospects. This recognition validates the bank’s strategic positioning within Vietnam’s competitive banking landscape.
Sources: Vietnamnews, Economic Times, Mint
