VietinBank, Vietcombank, BIDV Announce 4.5% Cash Dividend for 2025
This Aveluro analysis covers CTG (VietinBank) on HOSE in the Banks sector. The classified event type is dividend announcement, with positive sentiment and a deterministic market-impact score of 4.0/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Tài chính ngân hàng, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
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Overview
VietinBank (CTG), Vietcombank (VCB), and BIDV (BID) have announced cash dividend payments of 4.5% for the 2025 fiscal year, with record dates set in late July 2026 and payment in August 2026. The combined payout across the three state-owned banks exceeds VND 10.5 trillion, underscoring their commitment to shareholder returns despite a challenging interest rate environment.
Key Facts
- Dividend rate: 4.5% of par value (VND 10,000 per share), equivalent to VND 450 per share.
- VietinBank (CTG): Record date July 24, 2026; payment date August 27, 2026; total payout VND 3,495 billion.
- Vietcombank (VCB): Record date July 24, 2026; payment date August 27, 2026; total payout VND 3,760 billion (based on ~8.36 billion shares outstanding).
- BIDV (BID): Record date July 20, 2026; payment date August 20, 2026; total payout VND 3,276 billion.
- A 5% personal income tax will be withheld for resident and non-resident individual shareholders.
- For uncertificated shares, shareholders must collect dividends at VietinBank Securities (VBSE) starting August 27, 2026.
What Happened
VietinBank’s Board of Directors announced a cash dividend for 2025 at a rate of 4.5% of par value, with the record date set for July 24, 2026, and payment on August 27, 2026. The bank will distribute a total of VND 3,495 billion to shareholders. Similarly, Vietcombank and BIDV have declared identical dividend rates, with record dates on July 24 and July 20, 2026, respectively, and payment dates in late August 2026. The announcements were made via official company filings and press releases.
Market Context
As of July 10, 2026, the three stocks traded lower: CTG closed at VND 33,700 (-1.03%), VCB at VND 60,500 (-0.98%), and BID at VND 41,000 (-0.61%). The dividend yield of approximately 1.3% at current prices (based on VND 450 per share) is modest relative to historical averages for Vietnamese banks, reflecting elevated valuations. The banking sector has faced margin pressure from declining lending rates, but these payouts signal confidence in capital adequacy and profitability.
Strategic Significance
The coordinated dividend announcements from three of Vietnam’s largest state-owned banks reinforce their role as reliable income generators for long-term investors. The 4.5% cash dividend, while lower than some previous years, demonstrates a commitment to returning capital to shareholders even as banks prioritize loan growth and provisioning. For foreign investors, the 5% withholding tax remains a consideration, but the dividends provide a steady income stream in a market where bank stocks are often held for their defensive characteristics.
What to Watch
- Q2 2026 earnings reports from CTG, VCB, and BID, expected in late July 2026, to assess net interest margin trends.
- Any changes in the State Bank of Vietnam’s dividend policy for state-owned banks, which could affect future payout ratios.
- Foreign ownership limits and any new regulations impacting dividend taxation for non-resident investors.
- The banks’ capital adequacy ratios (CAR) post-dividend payment, as large cash distributions may reduce Tier 1 capital.
- Market reaction on ex-dividend dates (late July 2026) for potential price adjustments.