D2D Leads Vietnam Dividend Week with 50% Cash Payout; VOS, LAS Follow

Overview

Industrial Urban Development No. 2 (D2D), listed on HOSE, will pay a 2025 cash dividend of 50% of par value, the highest payout among nearly 21 Vietnamese companies closing dividend rights in the week of 28 September to 2 October 2026. Vietnam Ocean Shipping (VOS) approved a 9% cash dividend and Lam Thao Superphosphate and Chemical (LAS) a 10% payout, with both record dates falling on 2 October 2026.

Key Facts

• D2D: dividend ratio 50% of par value, or VND 5,000 per share; final registration date 30/9/2026; payment expected 14/10/2026.
• D2D has more than 30.3 million shares outstanding, implying a total cash outlay of approximately VND 152B.
• Sonadezi Corporation, D2D’s parent, holds 17.5 million shares, or nearly 57.9% of charter capital, and is set to receive about VND 88B.
• VOS: dividend ratio 9%, or VND 900 per share; record date 2/10/2026; payment expected 26/10/2026.
• VOS has 140 million shares outstanding, implying a payout of roughly VND 126B; VIMC holds 71.4 million shares (51%) and would receive about VND 64B.
• LAS: dividend ratio 10%, or VND 1,000 per share; record date 2/10/2026; payment expected 21/10/2026.
• LAS has nearly 113 million shares outstanding, implying a payout of approximately VND 113B.

What Happened

According to company announcements compiled in the weekly dividend calendar, Industrial Urban Development No. 2 (D2D) will pay a 2025 cash dividend at 50% of par value, meaning shareholders receive VND 5,000 for each share held. The final registration date to close the shareholder list is 30 September 2026, with payment scheduled for 14 October 2026. With more than 30.3 million shares in circulation, the company will disburse roughly VND 152B. D2D sits within the Sonadezi ecosystem, and parent Sonadezi Corporation holds 17.5 million shares, equivalent to almost 57.9% of charter capital, positioning it to collect about VND 88B.

Vietnam Ocean Shipping (VOSCO, ticker VOS) approved a 2025 cash dividend of 9%, or VND 900 per share, with a record date of 2 October 2026 and payment expected on 26 October 2026. Against 140 million shares outstanding, the payout totals approximately VND 126B. State-linked Vietnam Maritime Corporation (VIMC) is the largest shareholder with 71.4 million shares, or 51% of charter capital, and is expected to receive about VND 64B. Separately, Lam Thao Superphosphate and Chemical (LAS) will close its shareholder list on 2 October 2026 for a 10% cash dividend, or VND 1,000 per share, with payment planned for 21 October 2026; nearly 113 million shares outstanding imply an outlay of about VND 113B. The article does not disclose the ex-dividend dates for the three tickers.

Market Context

D2D last traded at VND 29,050 on 26 September 2026, putting the VND 5,000 payout at roughly 17% of the prevailing market price, a headline yield well above the 50%-of-par ratio alone would suggest. VOS and LAS both closed at VND 12,500, making their VND 900 and VND 1,000 per-share distributions equivalent to about 7.2% and 8.0% of market price respectively. The cluster of cash payouts spans real estate (D2D), logistics (VOS) and chemicals (LAS), a mix that reflects the broad-based dividend season on HOSE and HNX rather than a single-sector theme.

Strategic Significance

For D2D, a 50% cash payout signals that the industrial park developer is prioritising shareholder returns over balance-sheet reinvestment at this point in the cycle, a stance that matters because Sonadezi’s 57.9% stake means most of the cash stays within the parent ecosystem. The VOS dividend is effectively a state-linked transfer, with VIMC capturing roughly half the VND 126B, and it reinforces the shipping line’s role as a cash-return vehicle within Vietnam’s maritime sector. LAS’s 10% payout on a VND 12,500 share price offers the highest yield of the three relative to market value, relevant for income-oriented investors tracking fertiliser and chemical producers.

What to Watch

• Ex-dividend dates for D2D, VOS and LAS, which determine whether new buyers qualify for the payouts.
• D2D’s 14/10/2026 payment execution and confirmation that the VND 152B outlay is funded from 2025 profits.
• VOS’s 26/10/2026 payment and any follow-up on VIMC’s dividend receipts.
• LAS’s 21/10/2026 payment and the company’s next earnings release for signals on 2026 payout capacity.
• Whether other companies in the 28/9-2/10 window match D2D’s 50% ratio or cluster near the 1.5% low end.