Vietnam's leading private lender HDBank reaps $206 mln in Q1 pre-tax profit
Ho Chi Minh City-based HDBank recorded a profit before tax of VND5,355 billion ($205.7 million) in Q1/2025, up 33% year-on-year.
Return on equity (ROE) continued to be maintained at a high level of 29.62%, placing it among the Vietnamese banking sector’s leading group.
Consolidated total operating income reached VND9,205 billion ($353.6 million), demonstrating sustainable growth fueled by strong core operations and the ongoing success of its digital business performances.
"The figures reflect HDBank's solid business performance and reaffirm its status among the sector’s most efficient banks," the bank, listed on the Ho Chi Minh Exchange (HoSE) as HDB, said in a release.
"Notably, this quarter marks the official initiation of HDBank's modern, universal, and sustainable financial banking group model, a strategic imperative for its 2025-2030 development," it added.

In Q1/2025, the number of HDBank's individual customers saw a 38% increase year-on-year. Photo courtesy of the bank.
As of March 31, 2025, HDBank's total assets reached VND711,311 billion ($27.32 billion), marking an 18% year-on-year increase.
Customer deposits reached VND465,321 billion ($17.87 billion), up 22.8%, "demonstrating strong customer confidence and the bank's strong market position".
The total outstanding loan balance reached VND449,901 billion, up 19.9%, strategically directed towards key economic sectors including agriculture, SMEs, supply chain finance, Tier 2 cities, and rural agricultural areas.
The capital adequacy ratio (CAR) according to Basel II standards reached over 14.9%, a high level within the sector.
HDBank continued to accelerate the diversification in its income structure towards sustainability, increasing the proportion of non-interest income, in particularly, from financial services, non-credit services, and investment activities.
"This demonstrates that the strategy of intergrating financial technology and a sustainable business model is yielding clear results," the bank noted.
HDBank further advances its strategy of income diversification to enhance sustainability, evidenced by the increasing share of non-interest income derived primarily from financial services, non-credit activities, and investments. This underscores the effectiveness of its strategy to integrate technology within a sustainable business framework.
Accelerating digitalization - strategic pillar for 2025-2030
During Q1, HDBank's digital business operations sustained robust growth: the number of individual customers saw a 38% increase, and financial transactions conducted via digital platforms grew by 55% year-on-year.
Accelerating digitalization is also a driving force for HDBank to further optimize operations, reducing the cost-to-income ratio (CIR) to 27.4%, while enhancing the customer experience and personalizing the customer journey.
HD Saison Finance Company - a subsidiary of HDBank – sustained its leading position in the market, delivering a profit before tax of VND306 billion ($11.75 million) in Q1, an 18.4% year-on-year increase, and the most successful Q1 in the past few years.
This quarter marked a pivotal milestone for HDBank with the successful receival and restructuring of DongA Bank, resulting in the official transformation of Vikki Digital Bank – a next-generation digital bank catering to highly digitalized customers.
Vikki Digital Bank holds a strategic position within the modern and universal Financial Banking Group model – a comprehensive model encompassing commercial banking, consumer finance, investment banking, insurance, fund management, and digital platforms.
This integrated model harnesses technological strength, a widespread network, and comprehensive financial solutions to effectively serve over 30 million existing and potential customers.
The Asian Banker recently recognized HDBank as the "Best Financial Service Provider for SME in Vietnam", while the 2025 Sao Khue Awards acknowledged HDBank's technological advancements with pioneering digital solutions such as eCASH cash collection service and smart medical kiosks - innovative digital solutions closely linked to customer experience and community value.
- Read More
Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout
Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.
Energy - Tue, September 16, 2025 | 1:44 pm GMT+7
Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers
Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.
Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7
Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister
Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.
Economy - Tue, September 16, 2025 | 9:36 am GMT+7
Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry
The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.
Finance - Tue, September 16, 2025 | 8:00 am GMT+7
E-commerce boom a major driver of Vietnam's packaging paper industry growth
Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.
Companies - Mon, September 15, 2025 | 10:20 pm GMT+7
Vietnam needs support from UK in developing international financial center: Deputy PM
Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).
Finance - Mon, September 15, 2025 | 10:12 pm GMT+7
Vietnam enforces 8% capital adequacy ratio for banks from Sept 15
Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.
Banking - Mon, September 15, 2025 | 10:04 pm GMT+7
Tool for wood traceability management debuts in Vietnam
The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.
Companies - Mon, September 15, 2025 | 10:00 pm GMT+7
Sun Group, US Embassy foster aviation-hospitality cooperation
Sun Group, in collaboration with the US Embassy in Vietnam, hosted the US – Vietnam Aviation Partnership Roundtable on September 12, bringing together 15 leading American corporations in aviation, technology, and financial services, opening up opportunities to position Phu Quoc as a new aviation and tourism hub in the region.
Companies - Mon, September 15, 2025 | 9:54 pm GMT+7
Vietnam tops Thai giant SCG’s overseas markets with 9% revenue contribution in H1
Vietnam remained the largest overseas market for Thailand’s Siam Cement Group (SCG) in the first half of 2025, contributing 9% of consolidated sales.
Companies - Mon, September 15, 2025 | 8:10 pm GMT+7
Central Vietnam to have new airport Mang Den
Procedures to adjust Vietnam's airport system planning, including the addition of Mang Den Airport in central Vietnam, are being proceeded, according to the Ministry of Construction.
Infrastructure - Mon, September 15, 2025 | 5:16 pm GMT+7
Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital
The Vietnamese Government has advanced the regulation of digital assets, with a resolution launching a five-year pilot framework for issuance and trading. This framework signals the Government’s intent to position the country as a regulated hub for digital assets in Asia, which could attract new capital inflows, write Dragon Capital analysts.
Economy - Mon, September 15, 2025 | 2:20 pm GMT+7
Agribank introduces sizable $4.17 bln preferential credit package
Right from the beginning of 2025, Agribank launched a substantial preferential credit package worth VND110 trillion ($4.17 billion) to support individual customers.
Companies - Mon, September 15, 2025 | 1:32 pm GMT+7
'Precious space' in Vietnam's monetary policy
The Federal Reserve's continued cuts in 2025, with the most recent in September, are considered a valuable policy "space" for the State Bank of Vietnam (SBV) to maintain low interest rates to support growth without having to worry too much about exchange rates.
Economy - Mon, September 15, 2025 | 10:15 am GMT+7
Vietnam’s central bank sells $1.5 bln to stabilize currency: broker MBS
The State Bank of Vietnam (SBV) intervened in the foreign exchange market by selling approximately $1.5 billion via 180-day cancelable forward contracts from August 25-26, in an effort to ease pressure on the Vietnamese dong, according to a recent report by MB Securities (MBS).
Banking - Mon, September 15, 2025 | 8:04 am GMT+7
Hanoi aims to break ground on $11.4 bln Red River Boulevard & Landscape project by Jan 2026
A consortium of “tunnel king” Deo Ca Group and real estate developer Van Phu Invest has been assigned by the Hanoi People’s Committe to prepare an investment proposal for the VND300 trillion ($11.37 billion) Red River Boulevard & Landscape project.
Real Estate - Mon, September 15, 2025 | 7:55 am GMT+7
- Consulting
-
Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital
-
The ASEAN trade puzzle: Smart moves in a shifting landscape
-
Vietnam’s breakthrough opportunity against world-wide US tariff wave
-
Trump trade mayhem to steepen yield curve and weaken US dollar
-
Navigating tariff shocks: Vietnam’s path forward through diversification
-
Southeast Asia IPO performance in Jan-June