Bank chairmen reassure shareholders on impact of US tariffs

Regarding the impact of US tariff policy on banks, SHB chairman said shareholders can rest assured - Photo: Contributor

On the afternoon of April 22, SHB Bank held its 2025 annual general meeting of shareholders. One of the questions shareholders asked the head of SHB was how the bank assessed the impact and impact of US tariffs.

Responding to this issue, SHB Chairman Do Quang Hien informed that a week ago, he directly worked with the US ambassador.

"The two sides discussed all areas of Vietnam in general, and the areas of operation of SHB and T&T Group in particular. Shareholders can rest assured. During the negotiation process in the spirit of win-win, the two sides found a common solution for Vietnamese and American businesses," Mr. Hien reassured.

For the bank, according to Mr. Hien, export customers during the working process have also determined that the proportion and level of impact are not large. However, SHB still has scenarios ready to respond.

Regardless of whether the US tariff policy has a big or small impact on Vietnamese businesses, SHB must still pay attention. Not only for the bank, but SHB always believes that it must accompany customers, overcome difficulties, and develop together.

Also, how the US's imposition of reciprocal tariffs on Vietnam will affect the bank, speaking to shareholders at the 2025 general meeting of MSB Bank that just took place, Mr. Nguyen Hoang Linh - General Director of MSB - said that the bank has managed the portfolio carefully.

Accordingly, MSB's total outstanding debt is currently over VND 191,000 billion, of which industries affected by exports to the US market such as wood products, pangasius, textiles, chemicals, cameras, phones, components... account for about VND 39,000 billion, equivalent to 9.5% of total outstanding debt.

During the 90-day tariff suspension period, MSB assessed the risks of these cases under worst-case conditions.

Speaking to the press recently, Mr. Jens Lottner - General Director of Techcombank - assessed that the US tariff policy has increased the instability of the global economy. However, Techcombank believes that this is also an opportunity for Vietnam to accelerate investment in technology, diversify export markets, and promote domestic consumption.

"In that context, our investment in data, digitalization and talent, along with the strength of our business model, puts us in a position to accelerate and lead," shared Techcombank's CEO.

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Source: https://tuoitre.vn/chu-tich-cac-ngan-hang-tran-an-co-dong-truoc-tac-dong-thue-quan-cua-my-20250422205327431.htm