VietinBank, Vietcombank, BIDV to Pay Over VND 10.5 Trillion in Cash Dividends in August 2026

Overview

Three state-owned banks—VietinBank (CTG), Vietcombank (VCB), and BIDV (BID)—have announced cash dividend payments of 4.5% for the 2025 fiscal year, with total disbursement exceeding VND 10,530 billion in August 2026. The coordinated payout underscores the sector’s robust earnings and commitment to shareholder returns, while several other Vietnamese banks have also declared or completed cash dividends this year.

Key Facts

• VietinBank (CTG) will pay a 4.5% cash dividend (VND 450 per share) on August 27, 2026, with record date July 24, 2026. Total payout: ~VND 3,495 billion.
• Vietcombank (VCB) will pay a 4.5% cash dividend (VND 450 per share) on August 27, 2026, with record date July 24, 2026. Total payout: ~VND 3,760 billion.
• BIDV (BID) will pay a 4.5% cash dividend (VND 450 per share) on August 20, 2026, with record date July 20, 2026. Total payout: ~VND 3,276 billion.
• The State Bank of Vietnam (SBV) will receive the largest portion: ~VND 2,253 billion from CTG, ~VND 2,400 billion from VCB, and ~VND 2,653 billion from BID.
• Foreign strategic shareholders benefit: MUFG Bank (CTG) gets ~VND 690 billion, Mizuho Bank (VCB) ~VND 500 billion, and KEB Hana Bank (BID) ~VND 491 billion.
• LPBank (LPB) leads private banks with a 30% cash dividend (VND 3,000 per share), totaling nearly VND 9,000 billion.
• MB (MBB) plans a 10% cash dividend (~VND 8,055 billion) plus a 15% stock dividend.

What Happened

On July 15, 2026, VietinBank’s board approved a 4.5% cash dividend for 2025, with payment scheduled for August 27. Vietcombank and BIDV followed with identical terms, setting record dates in late July. The three banks collectively will distribute over VND 10,530 billion to shareholders, with the SBV as the dominant recipient due to its majority stakes (64.46% in CTG, 63.34% in VCB, 80.99% in BID).

Beyond the state-owned trio, several private banks have also announced or completed cash dividends. LPBank declared a record 30% cash dividend, while MB, Techcombank (TCB), VPBank (VPB), ACB, VIB, SHB, and TPBank have either paid or scheduled payouts. Some banks, like VPBank and ACB, combined cash dividends with stock dividends to boost capital.

Market Context

As of July 15, 2026, CTG closed at VND 32,150, VCB at VND 59,200, and BID at VND 39,500 on HOSE. The 4.5% dividend yield (based on par value) translates to approximately 1.4% for CTG, 0.76% for VCB, and 1.14% for BID at current market prices—modest compared to private peers like LPB (5.8% yield at VND 51,500). The banking sector has been under pressure from rising provisioning costs and margin compression, but dividend announcements signal confidence in capital buffers.

Strategic Significance

The coordinated dividend payout by state-owned banks reinforces their role as stable income generators for the SBV, which uses these funds for fiscal purposes. For foreign strategic investors like MUFG, Mizuho, and KEB Hana, the dividends provide a tangible return on their long-term stakes. The broader trend of cash dividends across the sector indicates improved asset quality and profitability, though the modest yields for state banks highlight their focus on capital retention over shareholder returns. Private banks, by contrast, are using higher payouts to attract investors amid competitive pressures.

What to Watch

• Record dates and payment schedules for SHB and TPBank, which have approved cash dividends but not yet set dates.
• Q2 2026 earnings reports for CTG, VCB, and BID to assess whether dividend sustainability aligns with profit growth.
• SBV’s use of dividend proceeds and any impact on monetary policy or bank recapitalization plans.
• Foreign ownership limits: large dividend payments may attract foreign buying, but caps remain binding for VCB and BID.
• LPBank’s ability to maintain its 30% payout ratio given its rapid loan growth and capital needs.