Techcombank leaders answer shareholders' questions at the 2025 annual general meeting - Photo: TCB
On the morning of April 26th, Techcombank held its 2025 annual general shareholders' meeting.
Signs of recovery have emerged in the real estate market.
Responding to a shareholder's question about the outlook for the real estate market in 2025, Mr. Ho Hung Anh, Chairman of Techcombank, assessed that this is a question that cannot be answered precisely at once.
If tensions related to the global trade war continue, it will certainly affect the macroeconomic situation , GDP growth rate, purchasing power, and consumer spending. However, in the short term, the impact on real estate will be unclear and indirect.
Conversely, the demand for housing and real estate investment remains very high. Furthermore, infrastructure is developing rapidly, and the government 's commitments to public investment and domestic consumption development are being maintained.
"Therefore, in our assessment, the real estate market in the near future may not experience the strong breakthrough that many people expect, but the market's 'downturn' seems to be gradually passing. Signs of recovery have begun to appear, and the market is gradually regaining its vitality."
However, for the market to achieve outstanding growth and return to its previous prosperous periods, I believe it depends heavily on macroeconomic developments," Mr. Ho Hung Anh commented.
Second year of cash dividend distribution.
Regarding the business plan for this year, in his report to shareholders, Techcombank CEO Jens Lottner stated that the bank aims for a profit of VND 31,500 billion, a 14.4% increase compared to 2024, and this would be the highest level in its operating history if achieved.
The target for credit growth is approximately 16.4%, within the limit approved by the State Bank of Vietnam. Capital mobilization will be adjusted flexibly according to the actual credit growth rate. The bank will keep the non-performing loan ratio below 1.5%.
At the conclusion of the general meeting, the business targets were approved. These included a cash dividend payout ratio of 10% of par value (equivalent to VND 1,000 per share) for 2024. With over 7.06 billion shares outstanding, the total expected dividend payout is over VND 7,060 billion.
This is the second consecutive year the bank has paid cash dividends. The payment will be sourced from undistributed profits after the allocation of funds up to the end of 2024. The payment will be completed before December 31, 2025, with the specific date to be decided by the board of directors.
Techcombank is providing funding for the Dak Nong - Binh Phuoc expressway project.
According to Mr. Ho Hung Anh, Techcombank is participating in the Dak Nong - Binh Phuoc expressway project as a financing arranger. The bank does not directly invest as a project owner, but plays a financial support role, ensuring the project is implemented smoothly.
If approved by the relevant authorities, the project could begin construction in the near future.
In the project consortium, Techcombank will play the role of financial coordinator, providing the most effective support solutions to ensure the expressway becomes operational soon, contributing to socio-economic development and forming an important transportation corridor connecting the Central Highlands with the delta region.
LE THANH
Source: https://tuoitre.vn/chu-tich-techcombank-giai-doan-roi-cua-thi-truong-bat-dong-san-dang-qua-di-20250426133005103.htm
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