BMP Leads Vietnam Dividend Week with 83.6% Payout; Techcombank to Distribute VND 5 Trillion

Overview

This week (May 18-22, 2026), 47 Vietnamese listed companies are scheduled to close shareholder lists for cash dividend payments, with the highest rate at 83.6% from BMP (HOSE) and the lowest at 1%. Techcombank (TCB) stands out with a planned disbursement of nearly VND 5,000 billion. The announcements span materials, construction, technology, and banking sectors.

Key Facts

• BMP (HOSE) will pay a second cash dividend for 2025 at 83.6% (VND 8,360/share), record date May 20, ex-date May 19, payment on June 10.
• BMP’s total 2025 cash dividend reaches 148.6% (VND 1,217 billion), the highest in its history.
• BMP’s parent, SCG Group (Thailand) via Nawaplastic Industries, holds ~55% and will receive ~VND 669 billion in total dividends.
• CCV (UPCoM) declares a 63.16% cash dividend (VND 6,316/share), record date May 25, payment June 9.
• MEF (UPCoM) announces a 60% cash dividend (VND 6,000/share), record date May 22, payment June 1, 2026.
• TCB (HOSE) will pay a 7% cash dividend (VND 700/share), record date May 20, payment June 10, 2026, totaling VND 4,960 billion.
• A total of 47 companies are paying cash dividends this week, with rates ranging from 1% to 83.6%.

What Happened

According to a market summary, 50 companies announced dividend record dates for the week of May 18-22, 2026, with 47 paying cash. BMP leads with an 83.6% rate, equivalent to VND 8,360 per share. The company has already paid an interim 65% dividend for 2025, bringing the full-year cash dividend to 148.6%, the highest ever. Most of this cash flows to its Thai parent, SCG Group, which owns nearly 55% of BMP.

Techcombank (TCB) also set a record date of May 20 for its 2025 cash dividend at 7%, with total payout of nearly VND 5,000 billion, funded from retained earnings. Other notable high-yield payers include CCV (63.16%) and MEF (60%), both at record levels for their respective companies.

Market Context

BMP closed at VND 157,200 on May 16, up 0.13%, with thin volume of 192,200 shares. TCB closed at VND 34,050, up 0.15%, with heavy volume of 22.6 million shares. The dividend announcements come amid a generally stable market, with cash dividends providing a tangible return to shareholders. BMP’s high payout reflects its strong cash position and majority ownership by a foreign strategic investor, while TCB’s large distribution underscores its profitability and capital adequacy.

Strategic Significance

For BMP, the record dividend signals robust cash generation and a shareholder-friendly policy, though the bulk of returns accrue to its Thai parent. For TCB, the near-VND 5 trillion payout demonstrates confidence in its earnings and capital buffers, potentially attracting income-focused investors. The wave of high cash dividends across sectors suggests many Vietnamese companies are prioritizing direct shareholder returns over reinvestment, which may appeal to yield-seeking portfolios but also raises questions about growth capex.

What to Watch

• BMP’s Q2 2026 earnings release to assess sustainability of high dividend payouts.
• TCB’s loan growth and NIM trends in upcoming quarterly reports.
• Any changes in foreign ownership limits for BMP or TCB following large dividend distributions.
• CCV and MEF’s ability to maintain such high payout ratios given their smaller market caps.
• Market reaction to ex-dividend dates for BMP and TCB, including potential price adjustments.