10:17:46 AM | 8/14/2025
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has announced its business results for the second quarter and the first six months of 2025, reporting a profit of over VND10,068 billion, up 23.3% compared to the same period last year. Its efficiency and operational safety indicators remain among the top in the industry.
HDBank is actively implementing major programs in line with the Government and the State Bank’s direction
Accordingly, in the second quarter of 2025, HDBank recorded over VND4,713 billion in pre-tax profit, bringing the total for the first six months of the year to VND10,068 billion, marking its highest semi-annual profit to date and surpassing the VND10,000 billion mark.
Positive credit growth, effective risk management
In the first six months of 2025, HDBank's net interest income reached VND17,227 billion, up 15.8% compared to the same period last year. Non-interest income from payment services, digital banking, foreign exchange trading, and other sources rose by more than 210%, contributing to a 30% increase in total operating income, which reached VND20,840 billion. The impact of digital transformation was evident through optimized operating costs, helping the cost-to-income ratio (CIR) improve significantly to an impressive 25.5%.
With these results, HDBank continues to lead the industry in operating efficiency, with a return on equity (ROE) of 26.5% and a strong return on total assets (ROA) of 2.2%. The bad debt ratio, in accordance with the State Bank of Vietnam's regulations, remains well-controlled at a low level of 1.94%. The capital adequacy ratio (CAR), based on Basel II standards, stands at over 13%. Other safety indicators are also maintained at a solid level compared to industry standards.
As of June 30, 2025, HDBank's total assets exceeded VND784 trillion, up 12.4% compared to the beginning of the year. Mobilized capital reached VND664 trillion, up 7%. Outstanding loans surpassed VND517 trillion, up 18.2% from the beginning of the year and nearly doubling the industry average growth of 9.9%, with a focus on priority sectors such as infrastructure, production, and consumption - key drivers of low-risk economic growth. The bank is actively implementing major programs in line with the Government and the State Bank’s direction, including loans for social housing development and young homebuyers, credit packages for infrastructure and digital technology, value chains, rural areas, high-tech agriculture, and green credit.
At Vikki Digital Bank, following a comprehensive transformation from Dong A Bank into a new-generation digital bank, the dynamic and youthful brand has recorded over 1 million app downloads and opened more than 600,000 new accounts within just five months of operation, demonstrating strong market acceptance.
Digital breakthrough and leadership in governance standards
In the second quarter, its digital business programs continued to be actively implemented, delivering positive results, with 75% of new customers acquired through digital channels. The number of transactions on digital platforms rose by 51%, and transactions by individual customers conducted via digital channels accounted for 94% of total transactions. Digital solutions for corporate clients were also continuously launched and improved, helping to increase both customer numbers and business efficiency.
Major technology projects, including the application of AI and machine learning in management, training, and operational automation, also accelerated. HDBank is pioneering the adoption of advanced core banking systems and next-generation digital banking super apps. These innovations not only enhance the user experience but also provide a foundation for developing comprehensive, personalized digital financial models and expanding digital ecosystem integration.
Along with its strong business performance, HDBank has received many prestigious awards from leading domestic and international organizations, including recognition as the Best Domestic Retail Bank, the Best Corporate Foreign Exchange Bank, and the Best Bank for Advanced International Transfer Programs. It was also named one of the Top 50 Best Listed Companies by Forbes and is one of five Vietnamese representatives selected for honor at the ASEAN Corporate Governance Awards 2025 in Malaysia.
The results achieved by HDBank in the second quarter and the first six months of the year have surpassed the expectations of shareholders and investors relative to the targets set for the 2025 fiscal year.
By Le Phuong, Vietnam Business Forum
Vietnamese
