At its 2025 annual general meeting, BIDV Chairman Phan Duc Tu warned that US “reciprocal” tariffs could affect around VND 300 trillion (US$11.58 billion) of the bank’s outstanding loans, representing 15 percent of its total credit balance. Industries most at risk include steel, plastics, seafood, textiles, and electronics, Cafe F is reporting.
Key points:
- BIDV estimates about 15% of its loan portfolio is exposed to industries impacted by the US 46% tariff.
- Tariffs could lower credit demand, weaken capital mobilization, and worsen loan quality.
- BIDV’s total assets reached VND2.8 million billion (US$108.06 billion) by end-Q1 2025.
- Consolidated pre-tax profit rose 16% in 2024 to VND31,990 billion (US$1.23 billion).
This speaks to the ripple effects of US tariffs threatening not only Vietnam’s export sectors but also the stability of the banking system. BIDV’s early warning highlights the broader systemic risks that protectionist policies can pose to emerging markets with deep trade exposure.
See also: Banking in Vietnam: Industry Overview