Banks have reviewed their portfolios and clients who could be affected by the newly imposed U.S. tariffs. However, direct impact is expected to be minimal, as outstanding loans to clients exporting to the U.S. account for less than 1.5% of total credit exposure.

Speaking at HDBank’s 2025 Annual General Meeting of Shareholders held on the morning of April 24, Pham Quoc Thanh - Member of the Board of Directors and Acting CEO of HDBank - said Vietnam is actively negotiating tariff policies with the United States. With the adaptability of Vietnamese enterprises, he expressed hope for a positive outcome.

Addressing shareholder concerns over the potential impact of U.S. tariffs on Vietnamese exports and HDBank’s customer base, Thanh affirmed that the bank has assessed the risk. The findings indicate minimal direct exposure, as loans to clients exporting to the U.S. make up less than 1.5% of the bank's total credit portfolio. He also noted that support policies for affected clients are forthcoming.

Regarding shareholder interest in the restructuring of Vikki Bank (formerly Dong A Bank), which HDBank officially took over in January, Thanh shared that a comprehensive transformation is underway. The bank is transitioning from a specially supervised institution to a digital bank - Vikki Digital Bank.

“Vikki Bank is undergoing a complete transformation with no bottlenecks in the process. We will roll out Vikki Bank’s strategy focusing on retail and SME banking, aligned with the group’s overall development strategy,” Thanh said.

On the performance of subsidiaries, Thanh revealed that HD SAISON continues to lead the market in motorcycle financing. The company posted a pre-tax profit of 1.214 trillion VND (approximately USD 48 million) in 2024, marking an 83% increase compared to 2023.

In 2024, HD SAISON served over 10 million customers, including workers and laborers, through a preferential loan package worth 1.5 trillion VND (about USD 59.3 million).

At the meeting, HDBank also officially announced the development strategy of HD Financial Group, which encompasses: HDBank, Vikki Digital Bank (formerly Dong A Bank), HD SAISON (consumer finance), HD Securities (brokerage), HD Insurance (insurance), HD Capital (fund management), and Dong A Money Transfer (remittance services).

This positions HDBank as one of the most comprehensive financial ecosystems among current Vietnamese banks.

At the event, HDBank's Standing Vice Chairwoman Nguyen Thi Phuong Thao stated that HDB stock has yet to reflect the bank’s true growth potential. According to her, this provides the foundation for the stock to surge in the coming period. On the morning of April 24, HDB shares were trading at around 20,850 VND (approximately USD 0.82) per share.

“We not only aim to become a leading bank in scale, but also the top choice for customers because of our quality, humanity, and integrity in every strategic decision,” Nguyen Thi Phuong Thao emphasized.

Tuan Nguyen