HDB – Brief – [NONRATED] – Ambitious growth

4Q25 PBT surged sharply by +60.0%yoy to VND6,519bn thanks to robust growth in net interest incomes (18.9%yoy) and non-interest income (+106%yoy), and manageable expenses on operation and risks provision. The 2025 PBT rose by +27%yoy to VND21,322bn, completing 101% of the 2025 target.