HDBank Targets 2026 Profit of Over 30 Trillion VND, Up 40%

Overview

HDBank (HOSE: HDB) announced ambitious 2026 targets at its expanded Annual General Meeting on April 24, 2026, including a profit target of over 30,100 billion VND, representing more than 40% growth year-on-year. The bank also plans a nearly 30% dividend and stock bonus and a capital increase to over 59,000 billion VND, reinforcing its position among Vietnam’s leading banks.

Key Facts

• 2026 profit before tax target: over 30,100 billion VND, up more than 40% from 2025.
• 2025 profit before tax reached 21,346 billion VND, up 26.7% year-on-year, achieving 101% of the plan.
• Total assets at end-2025: 931,104 billion VND, up 34% from 2024.
• 2026 total assets target: over 1.2 million billion VND, up more than 28%.
• 2026 credit growth target: 35% to 804,562 billion VND.
• Dividend and stock bonus for 2025: nearly 30% total ratio.
• Planned charter capital increase to over 59,000 billion VND.
• ROE in 2025: 25.3%; ROA: 2.1%; NPL ratio controlled at low level; CAR around 16.7%.

What Happened

At the expanded Annual General Meeting and Investor Meeting 2026 held on April 24 at Galaxy Innovation Hub in Ho Chi Minh City, HDBank disclosed its 2026 business plan. The event attracted over 38,000 shareholders, including more than 166 foreign institutions and hundreds of experts. Chairman Kim ByoungHo highlighted the bank’s adaptability in 2025, noting that despite macroeconomic headwinds, HDBank maintained growth with leading efficiency metrics.

CEO Nguyen Huu Dang described 2026 as the start of a new cycle (2026-2030) aimed at forming a diversified financial group with an integrated ecosystem. The bank’s strategy is based on the “5T” principles: Pioneering, Trustworthy, Dedicated, Kind, and Loyal. The targets include total assets over 1.2 million billion VND, total deposits of 1.06 million billion VND, credit outstanding of 804,562 billion VND, and equity of 101,512 billion VND, with NPLs controlled below 2%.

Market Context

HDB shares closed at 26,000 VND on April 15, 2026, up 1.15% with volume of 10.7 million shares. The stock has been supported by strong 2025 results and the bank’s leading profitability metrics. HDBank trades on HOSE and is among a select group of Vietnamese banks with profit exceeding 20,000 billion VND. The banking sector overall faces headwinds from regulatory tightening and global uncertainty, but HDBank’s guidance suggests confidence in its ability to outperform.

Strategic Significance

HDBank’s 2026 targets imply a continuation of its high-growth trajectory, with profit growth of over 40% and asset growth of 28%. The planned capital increase to over 59,000 billion VND will strengthen its capital base, supporting credit expansion and potential M&A. The bank’s focus on building a diversified financial group aligns with industry trends toward non-bank financial services. Its low NPL ratio and high CAR provide a buffer against risks, while the 30% dividend/stock bonus rewards shareholders.

What to Watch

• Q1 2026 earnings release to gauge early progress toward the annual target.
• Actual credit growth and NPL trends in the coming quarters.
• Approval and execution of the charter capital increase plan.
• Any regulatory changes affecting banking sector capital requirements or lending limits.
• Foreign ownership dynamics, given the high foreign institutional attendance at the AGM.