8 Vietnamese Banks to Pay Over VND 39,000B in Cash Dividends for 2025

Overview

Eight Vietnamese commercial banks have announced or completed cash dividend payments for 2025, totaling over VND 39,000 billion. LPBank (LPB) leads with a 30% cash dividend, the highest in the sector, while MB (MBB), Techcombank (TCB), VPBank (VPB), ACB, VIB, BIDV (BID), and SHB are also participating. Most banks have already closed shareholder lists or completed payments, with only a few still pending execution.

Key Facts

• LPBank (LPB) pays nearly VND 9,000 billion in cash dividends at a 30% rate (VND 3,000/share), the highest in its history and the largest in the banking sector for 2025.
• MB (MBB) plans to distribute approximately VND 8,055 billion at a 10% rate (VND 1,000/share), with a record date of July 10, 2026, and payment on July 17, 2026.
• Techcombank (TCB) pays over VND 4,960 billion at a 7% rate, having completed payment on June 10, 2026.
• VPBank (VPB) pays over VND 4,000 billion at a 5% rate, with payment completed on May 23, 2026.
• ACB pays nearly VND 3,600 billion at a 7% rate, with payment on June 23, 2026.
• VIB pays over VND 3,000 billion at a 9% rate (VND 900/share), with payment completed after a May 4, 2026 record date.
• BIDV (BID) sets a record date of July 20, 2026, for a 4.5% cash dividend (VND 450/share).
• SHB has yet to implement its cash dividend plan, pending further details.

What Happened

According to a report from Vietnamese financial media, eight banks have either completed or announced plans to pay cash dividends for the 2025 fiscal year, with a combined payout exceeding VND 39,000 billion. LPBank leads with a 30% cash dividend, distributing nearly VND 9,000 billion to shareholders. The bank closed its shareholder list on May 15, 2026, and made payments on May 25, 2026. MB follows with a 10% cash dividend worth about VND 8,055 billion, with a record date of July 10, 2026, and payment expected on July 17, 2026. Techcombank, VPBank, ACB, VIB, and BIDV have also set or completed their cash dividend schedules, while SHB remains in the planning stage.

Several banks are combining cash dividends with stock dividends to boost capital. For example, MB is issuing over 1.2 billion shares as stock dividends at a 15% rate, and VPBank plans to increase charter capital from VND 79,339 billion to VND 100,000 billion through a stock dividend of over 26%. ACB is also issuing stock dividends at a 13% rate, bringing total profit distribution for 2025 to over VND 10,000 billion.

Market Context

As of July 10, 2026, LPB closed at VND 53,400 (+1.91%) on HOSE, while MBB traded at VND 24,650 (+0.20%), TCB at VND 32,400 (-2.26%), and VPB at VND 26,700 (-2.02%). The banking sector has been under pressure from rising provisioning costs and margin compression, but strong dividend announcements provide a positive signal for income-focused investors. The cash payouts reflect robust 2025 earnings and adequate capital buffers, though some banks like TCB and VPB saw slight declines on the announcement day.

Strategic Significance

The wave of cash dividends underscores the strong profitability and capital adequacy of Vietnam’s leading banks, particularly LPB, which has emerged as a top dividend payer. For long-term investors, these payouts indicate that banks are prioritizing shareholder returns while still retaining enough capital for growth. The combination of cash and stock dividends suggests a balanced approach to capital management, supporting both income and future expansion. However, the variation in payout ratios (from 4.5% at BIDV to 30% at LPB) highlights differing capital strategies and growth trajectories.

What to Watch

• SHB’s final dividend plan and execution timeline, as it has not yet announced details.
• Q2 2026 earnings reports for these banks, which will indicate whether dividend sustainability is supported by underlying profitability.
• Regulatory changes from the State Bank of Vietnam (SBV) regarding dividend payout limits or capital adequacy requirements.
• Foreign ownership trends, as high cash dividends may attract foreign investors seeking yield.
• Capital-raising plans, particularly for VPBank and MB, which are issuing stock dividends to increase charter capital.