AsemconnectVietnam - Ho Chi Minh City Development Commercial Bank (HDBank - ticker HDB) announced its 2026 annual general meeting documents with a business plan to increase pre-tax profit by 41% compared to 2025, estimated at VND30,100 billion. This is also a record profit level for HDBank to date.

In addition, the Bank expects credit growth to reach 37% compared to the previous year, the highest in the system (as of now), bringing total outstanding loans to over VND804,000 billion. Total assets are targeted to increase by 28% compared to 2025, reaching nearly VND1.2 trillion. Total capital mobilization is expected to increase by 28% to over VND1 trillion. The non-performing loan ratio will be controlled below 2%.
According to HDBank's leadership, amidst complex geopolitical developments, particularly the conflict between the US and Iran, the global economy is projected to face numerous risks from disruptions to energy supply chains and fluctuations in crude oil prices.
The Vietnamese economy is expected to maintain stable growth, but proactive measures are also needed to respond to international impacts. Under favorable conditions, the Government aims for high GDP growth in 2026, targeting double digits, while still considering global uncertainties.
HDBank will continue to prioritize strengthening its capital capacity, ensuring liquidity safety, and managing its investment portfolio cautiously in line with HDBank's risk appetite.
At the upcoming general meeting, HDBank will also present to shareholders a plan to distribute stock dividends at an expected rate of 30%. The source for this will be from undistributed profits in 2025, equivalent to VND14,136 billion. The specific plan for issuing shares to pay dividends has not yet been announced in detail by the bank.
Besides profit distribution, the General Shareholders' Meeting will also approve the establishment of a 100% domestically owned commercial bank operating in the Vietnam International Finance Corporation (VIFC). The minimum charter capital will be equal to the statutory capital as stipulated by law (VND3,000 billion).
This will be a limited liability commercial bank with a single member, possessing legal personality, independent accounting, and wholly owned by HDBank. The General Shareholders' Meeting will also consider delegating and authorizing the Board of Directors to decide/approve the following: Name, specific charter capital, location of the head office, and other related matters to complete the establishment process.
Furthermore, at the investor conference in early March, the bank's leadership also revealed plans to list HD Securities Joint Stock Company (HDBS) on the stock exchange in 2026. This securities company recorded a record profit of over VND1,400 billion in 2025; the profit plan for 2026 is over VND4,000 billion and aims for over VND10,000 billion.
According to the bank's representative, the IPO in 2026 will add another financial institution to the overall growth of the parent bank, HDBank.
Regarding HD SAISON, on March 24, 2026, HDBank increased its ownership stake in HD SAISON Finance Company Limited from 50% to 75%, officially gaining controlling interest in this finance company. This is a strategic move to strengthen the consumer finance pillar – one of the high-margin growth drivers in the HD Finance Group (HDFG) ecosystem.
According to HDBank, increasing ownership helps the Bank increase control and consolidate economic interests; accelerate data integration and leverage the ecosystem of over 34 million customers; optimize cross-selling efficiency between banking - consumer finance - digital banking - securities.
In the HDFG structure, HD SAISON will lead mass consumer finance (over 33 million customers), Vikki Bank will be the digital bank for young customers and micro-SMEs, while HDBank will be the core bank for the mid-to-high-end segment and businesses, and HD Securities will operate in the investment services and asset management sector.
HD SAISON is currently one of the most efficient consumer finance companies in the market with ROAE of over 22%, ROA of 5-5.8%; CIR is nearly 37%, CAR is over 24% (highest in the industry); Non-performing loan (NPL) ratio is among the lowest. In 2025, HD SAISON's outstanding loans are projected to increase by 21.2%, and the company's pre-tax profit is expected to reach VND1,390 billion (the highest in history). In the coming period, the company aims to maintain ROE at around 25%, ROA at around 5%; high growth coupled with tight risk control.
N.Nga
Source: VITIC/Tinnhanhchungkhoan