FT1 Leads Vietnam Dividend Week with 44.07% Cash Payout

Overview

About 26 Vietnamese listed companies will close dividend payment lists during the week of August 24-28, 2026, with cash dividend yields ranging from 2% to 44.07%. The highest payout comes from Phụ tùng Máy số 1 (FT1, UPCOM), which will pay a 44.07% cash dividend for fiscal year 2025, while the lowest is from Việt Nam Kỹ nghệ Súc sản (VSN, UPCOM) at 2%. Other notable payers include HAT (30%), MIG (10%), TN1 (5% cash plus 10% stock), VIM (10%), and ILB (14.27%).

Key Facts

• FT1 (UPCOM) will pay a 44.07% cash dividend for 2025, or VND 4,407 per share; record date is August 24, 2026.
• VSN (UPCOM) will pay a 2% cash dividend, or VND 200 per share; record date is August 25, 2026.
• HAT (HNX) will pay a 30% cash dividend, or VND 3,000 per share; record date is August 24, 2026.
• MIG (HoSE) will pay a 10% cash dividend, or VND 1,000 per share; record date is August 26, 2026.
• TN1 (HoSE) will pay a 5% cash dividend (VND 500 per share) and issue over 6 million shares as a 10% stock dividend (100:10); record date is August 27, 2026.
• VIM (UPCOM) will pay a 10% cash dividend, or VND 1,000 per share; record date is August 28, 2026.
• ILB (HoSE) will pay a 14.27% cash dividend, or VND 1,427 per share; record date is August 28, 2026.

What Happened

According to exchange statistics, approximately 26 companies will close shareholder lists for dividend payments in cash or stock during the week of August 24-28, 2026. The highest yield is 44.07% from Công ty Cổ phần Phụ tùng Máy số 1 (FT1), which will pay a cash dividend for fiscal year 2025. Shareholders of record as of August 24, 2026, will receive VND 4,407 per share.

The lowest payout is from Công ty Cổ phần Việt Nam Kỹ nghệ Súc sản (VSN), which will pay a 2% cash dividend (VND 200 per share) with a record date of August 25, 2026. Other notable companies include HAT (Habeco) with a 30% cash dividend, MIG (Bảo hiểm Quân đội) with 10%, TN1 (ROX Key Holdings) with a combination of 5% cash and 10% stock, VIM (Khoáng sản Viglacera) with 10%, and ILB (ICD Tân Cảng - Long Bình) with 14.27%.

Market Context

FT1, trading on UPCOM, closed at VND 40,300 on August 23, 2026, implying a dividend yield of approximately 10.9% based on the 44.07% cash payout (VND 4,407 per share). HAT, on HNX, closed at VND 30,500, giving a yield of about 9.8% from its 30% dividend. MIG, on HoSE, closed at VND 17,200, with a 10% dividend yielding about 5.8%. These payouts come amid a generally active dividend season on Vietnamese exchanges, with companies distributing 2025 profits.

Strategic Significance

For long-term investors, the high dividend yields, particularly from FT1, highlight the potential for income generation in the Vietnamese market, especially among smaller-cap UPCOM stocks. The mix of cash and stock dividends, as seen with TN1, reflects companies’ strategies to reward shareholders while preserving cash for growth. The diversity of sectors—from consumer staples (HAT) to insurance (MIG) and logistics (ILB)—indicates broad-based profitability across the economy. Investors should consider the sustainability of these payouts relative to each company’s earnings and future capital needs.

What to Watch

• FT1’s ability to maintain or grow its dividend payout in subsequent years, given its high 44.07% yield.
• TN1’s stock dividend issuance and its impact on share price and liquidity.
• MIG’s dividend policy amid the competitive insurance sector.
• Any regulatory changes affecting dividend taxation or foreign ownership limits.
• Upcoming earnings reports for these companies to assess whether dividend levels are sustainable.