Vietnam Dividend Week: FBC 100% Cash, VHM 1:1 Stock, SAS 40.24%

Overview

Nearly 25 Vietnamese companies are paying cash dividends in the first week of August, with the highest yield at 100% (FBC) and the lowest at 1%. Vinhomes (VHM) is issuing a 1:1 stock dividend, while Sasco (SAS) pays a 40.24% cash dividend. These corporate actions are significant for income-focused investors tracking Vietnamese equities.

Key Facts

• FBC (Cơ khí Phổ Yên) will close shareholder list on August 7, 2026, for a 100% cash dividend (VND 10,000/share), totaling ~VND 37 billion.
• FBC’s dividend payment date is September 18, 2026; the company has a history of high cash dividends (100% in 2024, 200% in 2023).
• VHM (Vinhomes) sets August 7, 2026, as the record date for a 1:1 stock dividend, issuing 4.1 billion new shares, raising charter capital to over VND 80,000 billion.
• VHM previously paid a 60% cash dividend (VND 6,000/share) on July 22, 2026, totaling ~VND 25,000 billion.
• SAS (Sasco) closes shareholder list on August 4, 2026, for a 40.24% cash dividend (VND 4,024/share), paying ~VND 537 billion on August 10, 2026.
• ACV, holding >49% of SAS, will receive over VND 263 billion from the SAS dividend.
• SAS’s total 2025 cash dividend reaches 46.24%, including a 6% interim paid in October 2025.

What Happened

According to a market summary, about 34 companies announced dividend record dates for the first week of August. Fomeco (FBC) will finalize its shareholder list on August 7 to pay a 100% cash dividend for 2025, equivalent to VND 10,000 per share. With nearly 3.7 million shares outstanding, the company will disburse about VND 37 billion, with payment scheduled for September 18, 2026. This dividend was approved at the 2025 Annual General Meeting.

Vinhomes (VHM) announced August 7 as the record date for its 1:1 stock dividend, issuing 4.1 billion new shares. This is the largest stock dividend in Vietnam’s securities history by number of shares issued. Previously, VHM paid a 60% cash dividend on July 22, 2026, totaling nearly VND 25,000 billion, with Vingroup receiving about VND 18,000 billion. Sasco (SAS) will close its shareholder list on August 4 for a second cash dividend of 2025 at 40.24%, paying VND 4,024 per share, with payment on August 10, 2026.

Market Context

VHM closed at VND 148,100 on August 1, 2026, on HOSE, reflecting its large-cap status. The 1:1 stock dividend is a major corporate action that will increase share count but not immediate cash flow. SAS, trading on HOSE at VND 38,500, offers a high cash yield of 46.24% for 2025, making it attractive for income investors. FBC, listed on UPCOM, is a smaller-cap name with a consistent high-dividend policy, appealing to yield-focused investors. These events occur amid a generally active dividend season in Vietnam, with many companies rewarding shareholders.

Strategic Significance

For long-term investors, these dividends signal strong cash generation and shareholder return policies. VHM’s stock dividend reflects its large retained earnings and strategy to capitalize on growth, though it dilutes EPS. SAS’s high cash payout underscores its stable cash flows from airport services, supported by ACV’s majority stake. FBC’s consistent high dividends indicate a mature business with limited reinvestment needs. These actions can influence investor sentiment and index composition, particularly for VHM given its weight in VN-Index.

What to Watch

• FBC’s actual cash payment on September 18, 2026, and any interim dividend announcements for 2026.
• VHM’s share price adjustment post-record date and its impact on VN-Index.
• SAS’s Q3 2026 earnings to assess sustainability of high dividend payouts.
• ACV’s dividend receipts and potential reinvestment plans.
• Regulatory approvals for VHM’s share issuance and any changes in foreign ownership limits.