LPB Leads Vietnam Bank Cash Dividend Wave with 30% Payout, TCB, MBB, ACB Follow
This Aveluro analysis covers LPB (Lộc Phát Việt Nam) in the Banking 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.
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Overview
Multiple Vietnamese banks and companies have announced cash dividend payments for 2025, with ratios ranging from 5% to 40%. LPBank (LPB) leads the banking sector with a record 30% cash dividend, while Saigon VRG Investment (SIP) tops all firms at 40%. The announcements reflect strong retained earnings and a trend toward shareholder returns in the banking sector.
Key Facts
- LPBank (LPB) will pay a 30% cash dividend, equivalent to VND 3,000 per share, with total payout of VND 8,962 billion based on 2.98 billion shares outstanding.
- Techcombank (TCB) declares a 7% cash dividend, totaling approximately VND 4,960 billion.
- MB (MBB) plans a combined 25% dividend: 10% cash and 15% stock, with cash portion worth over VND 8,000 billion.
- ACB approves a 20% total dividend: 7% cash (VND 3,600 billion) and 13% stock (VND 6,600 billion).
- SHB will pay 6% cash and 10% stock, total cash outlay of VND 3,206 billion.
- VIB announces 9% cash dividend plus 9.5% stock bonus, cash payout over VND 3,000 billion.
- VPBank (VPB) sets a 31% total dividend: 5% cash (VND 4,000 billion) and 26% stock.
- Saigon VRG Investment (SIP) pays a 40% cash dividend for the second installment of 2025, or VND 4,000 per share.
What Happened
According to a company filing, LPBank (LPB) will close the shareholder list on May 15, 2025, for a 30% cash dividend payment, the highest in its history and among the highest in the Vietnamese banking sector. The payout is sourced from distributable profits of VND 9,409 billion as of end-2025.
Techcombank (TCB) announced its third consecutive year of cash dividends at 7%, with an additional 60% stock dividend planned for 2026. MB (MBB) and ACB also approved combined cash and stock dividends, while SHB, VIB, and VPBank followed with similar structures. Outside banking, Saigon VRG Investment (SIP) declared a 40% cash dividend, the highest among all listed firms in this round.
Market Context
As of April 15, 2026, LPB closed at VND 48,000 (-0.52%), TCB at VND 32,000 (-0.16%), MBB at VND 27,000 (-0.37%), and ACB at VND 24,000 (-0.62%). All four banks trade on HOSE. The dividend announcements come amid a stable banking sector outlook, with net interest margins under pressure but non-performing loans manageable. The cash payouts signal confidence in capital adequacy and profitability.
Strategic Significance
The wave of cash dividends underscores the strong capital positions of Vietnamese banks, which have accumulated retained earnings from robust lending growth and fee income. For LPB, the 30% payout is a milestone, reflecting its turnaround and improved profitability. For TCB, MBB, and ACB, the dividends reward shareholders while maintaining growth capital through stock dividends. The trend may pressure other banks to increase payouts, potentially affecting dividend yields and investor sentiment in the sector.
What to Watch
- LPB’s Q1 2026 earnings release to assess profit sustainability after the large payout.
- TCB’s execution of the 60% stock dividend in 2026 and its impact on share price.
- Regulatory changes on dividend taxation or capital adequacy requirements for banks.
- SIP’s dividend policy for the remainder of 2025 and its expansion plans.
- Foreign ownership limits and potential inflows from dividend-seeking investors.