BID – Earnings review – [BUY] – Enhancing bad debt recovery

2Q25 profit before tax rose by +5.7%yoy to VND8,626bn mainly thanks to other incomes (+181%yoy) from bad debt collection. Accumulated 1H25 PBT rose by +3.1%yoy to VND16,039bn, completing 50% of the 2025 guidance and 46% of KIS’s 2025 forecast.