This quarter also marks the first time HDBank officially launched its modern, multi-functional, and sustainable financial banking group model as part of its 2025-2030 development strategy.
Strong growth and increasingly robust profit structure
In Q1 of 2025, HDBank reported impressive performance with pre-tax profits reaching VND 5,355 billion, a 33% increase compared to the same period last year. ROE remained high at 29.62%, placing the bank among the top performers in the industry. Consolidated operating income reached VND 9,205 billion, demonstrating sustainable growth driven by strong contributions from core businesses and robust growth in digital banking metrics.
As of March 31, 2025, HDBank’s total assets stood at VND 711,311 billion, an 18% increase year-over-year. Customer deposits reached VND 465,321 billion, reflecting a 23% rise, indicating strong customer trust and the bank’s market position. Loan balance grew by nearly 20% to VND 449,901 billion, focusing on priority sectors such as agriculture, small and medium-sized enterprises, supply chain finance, secondary urban markets, and agricultural rural areas. The bank’s Capital Adequacy Ratio (CAR) under Basel II remained robust at over 14.9%, well above the industry average.
HDBank has been strategically shifting its income structure towards sustainability, increasing the proportion of income from services, non-credit segments, and investment activities. This underscores the effectiveness of the bank’s strategy to combine modern technology with a sustainable business model.
Accelerating Digital Transformation – A Key Strategic Pillar for 2025-2030
In Q1 2025, HDBank’s digital banking business witnessed significant growth, with a 38% increase in individual customers and a 55% surge in financial transactions through digital platforms. This accelerated digital transformation also drove operational optimization, reducing the bank’s cost-to-income ratio to 27.4% while enhancing customer experience and personalization.
HD SAISON Finance Company, a subsidiary of HDBank, maintained its market-leading position, recording a pre-tax profit of VND 306 billion, an 18% increase year-over-year, marking the best first quarter in recent years.
A notable milestone this quarter was the successful integration and restructuring of DongA Bank, which has now transitioned into Vikki Digital Bank – a next-generation digital bank catering to the highly digitized customer segment.
Vikki Digital Bank is a strategic member of the multi-functional and modern financial banking group, with core businesses spanning commercial banking, consumer finance, investment banking, insurance, fund management, and digital platforms. This model harnesses the power of technology, extensive networks, and comprehensive financial solutions to serve over 30 million existing and potential customers.
With its positive growth trajectory and sustainable development strategy, HDBank has earned recognition from prestigious organizations. The Asian Banker acknowledged HDBank as the “Best SME Bank in Vietnam,” while the 2025 Sao Khue Awards highlighted the bank’s technological advancements with awards for its innovative digital solutions, including the eCASH cash collection service and the Smart Medical Kiosk, which enhance customer experience and deliver community value.
– 14:46 28/04/2025
Digital Transformation for All: A Comprehensive Initiative for Thanh Hoa Province
The “Digital Literacy for All” movement, initiated by Thanh Hoa, aims to bridge the digital divide by empowering all citizens with essential digital skills and knowledge. This ambitious initiative strives to foster a comprehensive digital society, ensuring that no one is left behind in the digital era.
The Art of Trimming: How UOB’s Deputy Chairman Envisions the Bank’s Strategy Through the Lens of a Bonsai Gardener
“The Art of Bonsai: Nurturing Slow, Steady, and Sustainable Growth”
This ancient art form, with its meticulous attention to detail and long-term vision, reflects UOB’s commitment to Vietnam. Like the careful cultivation of a bonsai tree, UOB’s approach to investment in the country is one of patience, precision, and a dedication to enduring success.
Mr. Wee Ee Cheong, Deputy Chairman, and CEO of UOB, encapsulates this philosophy, emphasizing the bank’s belief in a steady and sustainable future for Vietnam.
A String of FPT’s Overseas M&A Deals: Nearly Half are US-Based Companies
Since its inaugural deal in 2014, FPT has been relentlessly extending its reach, engaging in a series of strategic investments and acquisitions. Through these ventures, the company has bolstered its global presence and enhanced its competitive edge on an international scale.
Business Agility Summit 2025: Unlocking Insights from Southeast Asia’s First Digital Bank Transformation
Attending the Business Agility Summit 2025 is a golden opportunity for digital transformation and Agile practitioners to learn from real-life transformation journeys. Hear from TMRW, the first digital bank in Southeast Asia developed by UOB, and be inspired by their story of innovation. This groundbreaking venture has set a new benchmark for digital banking initiatives across the region.
Attracting Businesses and the Private Sector to Invest in Agricultural Research
Although the agriculture and environment sector boasts a workforce of over 11,400 scientists, the output and impact are relatively modest. To address this, there is a pressing need to attract top talent and private sector investment into scientific research and technology. This will lay the foundation for transformative breakthroughs in the agriculture and environment sector, paving the way for a new era of innovation and sustainability.
