BID, CTG, VCB to Pay Cash Dividends Next Week: Over 10,500 Billion VND

Overview

Three state-owned banks—BIDV (BID), VietinBank (CTG), and Vietcombank (VCB)—will close shareholder lists next week to pay cash dividends of 4.5% each, with total disbursement exceeding 10,500 billion VND. The moves underscore the banks’ commitment to shareholder returns amid strong profitability.

Key Facts

• BIDV (BID) will close the shareholder list on July 20, 2026, for a 4.5% cash dividend (450 VND/share), with payment on August 20, 2026.
• BIDV has over 7.28 billion shares outstanding, implying a total payout of approximately 3,276 billion VND.
• VietinBank (CTG) will close the list on July 24, 2026, for a 4.5% cash dividend (450 VND/share), with payment on August 27, 2026.
• CTG has nearly 7.8 billion shares outstanding, resulting in an estimated payout of 3,495 billion VND.
• Vietcombank (VCB) will also close on July 24, 2026, for a 4.5% cash dividend (450 VND/share), with payment on August 27, 2026.
• VCB has nearly 8.36 billion shares outstanding, leading to a payout of over 3,760 billion VND.
• The combined cash dividend from the three banks exceeds 10,500 billion VND.
• Earlier in 2026, six other banks paid cash dividends, with LPBank leading at 30% (9,000 billion VND), followed by MB at 10% (8,055 billion VND).

What Happened

According to a company announcement, BIDV, VietinBank, and Vietcombank will sequentially close shareholder lists next week to distribute cash dividends for the 2025 fiscal year. BIDV’s record date is July 20, while CTG and VCB share the same record date of July 24. All three banks are paying a 4.5% cash dividend, equivalent to 450 VND per share. The total cash outflow from the three banks is estimated at over 10,500 billion VND, with payments scheduled for late August 2026.

This coordinated dividend payment by the three largest state-owned banks by assets highlights their robust capital positions and profitability. The dividends are part of a broader trend in the Vietnamese banking sector, where several lenders have announced cash dividends for 2025, with LPBank and MB leading in absolute payout size.

Market Context

As of July 18, 2026, BID closed at 38,800 VND on HOSE, CTG at 32,000 VND, and VCB at 58,500 VND. The 4.5% cash dividend translates to a dividend yield of approximately 1.16% for BID, 1.41% for CTG, and 0.77% for VCB at current prices. These yields are modest compared to some peers but reflect the banks’ conservative payout policies and focus on capital retention. The banking sector has been under pressure from rising provisioning costs and regulatory changes, but the dividend announcements signal confidence in earnings stability.

Strategic Significance

The dividend payouts reinforce the state-owned banks’ role as reliable income stocks for long-term investors, particularly foreign institutions seeking exposure to Vietnam’s financial sector. The 4.5% cash dividend rate, while not aggressive, demonstrates consistent capital return policies. For BIDV, VietinBank, and Vietcombank, maintaining dividend payments supports shareholder confidence and aligns with the government’s push for state-owned enterprises to improve corporate governance and shareholder value. The combined payout of over 10,500 billion VND also underscores the banks’ strong liquidity and profitability, which are critical for funding Vietnam’s economic growth.

What to Watch

• Actual payment dates and any adjustments to the dividend schedule.
• Q2 2026 earnings reports from BID, CTG, and VCB, expected in late July/August 2026, to assess profitability trends.
• Any changes in dividend policy for 2026, especially if regulatory capital requirements tighten.
• Foreign ownership limits and any significant foreign investor activity around the ex-dividend dates.
• Sector-wide NPL trends and provisioning levels that could impact future dividend capacity.