Market Capitalization Exceeds $2 Billion, Expanding Regional Presence
On the stock market, SHB shares trade at around 13,500 VND each, up nearly 40% since the beginning of the year. It is also one of the most liquid stocks in the market, with an average volume of over 83 million shares traded per session over the past month. The appeal of SHB stock attracts foreign investors with net foreign buying in the tens of millions of units per session since the beginning of the year. SHB stock is currently in the VN30 – the group of stocks with the largest market capitalization.
By mid-May, SHB’s market capitalization reached nearly VND 54,900 billion, equivalent to over $2 billion. Chartered capital stood at VND 40,658 billion, solidifying its position in the Top 5 largest private banks in Vietnam.
SHB share price up nearly 40% since the beginning of the year (Source: Trading View)
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Recently, SHB announced June 10, 2025, as the record date for shareholders to receive a 5% cash dividend for 2024 and June 20, 2025, as the payment date. According to the resolutions of the 2025 Annual General Meeting of Shareholders, SHB will pay a total dividend of 18% for 2024, including 5% in cash and 13% in shares.
In 2025, the bank aims to increase its chartered capital to VND 45,942 billion. It targets a pre-tax profit of VND 14,500 billion, up 25% from the previous year. Total assets are planned to exceed VND 832,000 billion in 2025 and reach VND 1,000,000 billion in 2026, marking an important step in its position in the domestic and regional financial markets.
Steadily Rising in the New Era
At the 33rd Annual General Meeting of Shareholders, SHB shareholders expressed their delight with the impressive business results, confidence in the bank’s strategic goals, governance, and management’s ability to steer the bank’s long-term development and the benefits it brings to shareholders.
As of the first quarter of 2025, SHB’s total assets reached VND 790,742 billion, up 6% from the end of 2024. Credit balance stood at VND 575,777 billion, up 7.8%, focusing on investing in key production and business fields and industries with high growth potential associated with the orientation of sustainable development of the economy, creating a foundation for stable and efficient long-term growth. Pre-tax profit for the first quarter of 2025 was nearly VND 4,400 billion, achieving 30% of the full-year plan.
Shareholders delighted with SHB’s business results
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Fitch Ratings, one of the top three credit rating agencies in the world, has announced SHB’s first international credit rating. Accordingly, SHB was assigned a Long-Term Issuer Default Rating of ‘BB-‘ with a Stable Outlook and a Viability Rating of ‘b+’, among the top-rated banks in the industry.
Fitch’s rating continues to showcase SHB’s reputation in the international market and reflects its solid financial foundation and stable profitability.
SHB is implementing a comprehensive 2024-2028 transformation strategy based on four pillars: reforming mechanisms, policies, regulations, and processes; people-centric approach; customer and market focus; and modernizing information technology and digital transformation. SHB remains committed to its six core cultural values of “Heart, Trust, Faith, Knowledge, Wisdom, and Vision.”
In this regard, SHB is collaborating with SAP Fioneer and Amazon Web Services (AWS), marking a special milestone in its journey towards digitization and the application of cutting-edge technology, thus realizing the Bank of the Future (BOF) model. This initiative will comprehensively enhance SHB’s competitive capabilities and customer service, yielding significant results in 2025 and 2026, including enhanced digital services, digitized customer journeys, improved customer experiences, increased automation, data-driven efficient growth, core banking modernization, and more.
With its determination to execute the transformation strategy, commitment to technology investments and digitization, SHB is expected to make a remarkable leap in the new era, elevating its position in the international and regional arenas, and continuing as a trusted partner of prominent global organizations such as the World Bank, IFC, and ADB.
Accompanying the Country’s Socio-Economic Development
Throughout its 32-year history, SHB has grown alongside the country’s progress, becoming a symbol of relentless advancement and a constant presence at significant milestones in Vietnam’s development. The bank has always been ready to accompany the country’s critical policies: undergoing mergers as per the restructuring plan for credit institutions; providing capital for key infrastructure projects, green energy, and clean agriculture; and deploying preferential credit packages to support individuals and businesses in line with the government and State Bank’s orientations.
In the context of Resolution 68-NQ/TW of the Politburo on developing the private economy, which identifies the private sector as the most critical driver of the economy, SHB continues to fulfill its role as the economy’s lifeblood, channeling capital to businesses and individuals and contributing to socio-economic development with various credit packages. These include a VND 11,000 billion package with preferential interest rates for SMEs in production, business, and automobile purchases; and a VND 16,000 billion package for homebuyers. Additionally, SHB proactively offers non-financial solutions, supports market connections for input and output within the business community, and provides financial consulting and training.
Moreover, SHB has consistently ranked in the Top 5 private banks and Top 15 private enterprises contributing the most to the state budget.
SHB actively contributes to the country’s social welfare activities
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SHB’s sustainable development goes hand in hand with its goal of bringing prosperous value to customers, shareholders, partners, the community, and society. The bank has always been a pioneer and active contributor to social welfare and the development of the country’s culture and sports sectors. Its notable contributions include COVID-19 pandemic prevention, flood relief, and house-building programs across the nation. SHB also accompanied the Vietnamese football team to victory in the 2024 ASEAN CUP…
For the 2024-2028 period, SHB has set strategic goals to become the Top 1 bank in terms of efficiency, the most favored digital bank, and the best retail bank. Simultaneously, it aims to be a leading provider of capital, financial products, and services to strategic private and state-owned enterprises with supply chains, value chains, and ecosystems, emphasizing green development. By 2035, SHB envisions becoming a modern retail bank, a green bank, and a top digital bank in the region.
With its robust financial capabilities, relentless pursuit of excellence, and regional expansion, SHB aspires to create sustainable and enduring value, contributing to the country’s socio-economic development and ushering in a new era of prosperity and strength.
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“SHB’s Market Capitalization Surpasses $2 Billion: A Testament to its Robust Financial Foundation and Relentless Pursuit of Excellence”
With a robust and ever-growing financial foundation, Saigon-Hanoi Commercial Joint Stock Bank (SHB) sets its sights on an ambitious goal: to reach VND 1 quadrillion in total assets by 2026. This bold target underscores SHB’s commitment to solidifying its position in the domestic financial market while expanding its regional presence. As SHB forges ahead, it stands as a proud partner in the nation’s journey towards a new era of prosperity and progress.
