Vietnamese Banks MBB, BID, VCB, CTG, HDB Announce Dividend and Bonus Share Plans

Overview

Several Vietnamese banks, including MB (MBB), BIDV (BID), Vietcombank (VCB), VietinBank (CTG), and HDBank (HDB), have announced dividend payments and bonus share issuances, with record dates and payment schedules set for August 2026. The moves reflect strong retained earnings and a trend of capital augmentation across the banking sector.

Key Facts

• MBB will pay a 15% stock dividend, issuing over 1.2 billion shares, with a record date of August 12, 2026.
• MBB also offers a rights issue at a 10:1 ratio, priced at VND 10,000 per share, issuing nearly 805.5 million shares.
• BIDV will issue approximately 498.2 million shares (6.84% of outstanding) as a bonus issue, with a record date of August 18, 2026.
• BIDV will pay a cash dividend of 4.5% (VND 450/share), totaling over VND 3,276 billion, with payment on August 20, 2026.
• Vietcombank will pay a cash dividend of 4.5% (VND 450/share), totaling about VND 3,760 billion, with payment on August 27, 2026.
• VietinBank will pay a cash dividend of 4.5% (VND 450/share), totaling about VND 3,495 billion, with payment on August 27, 2026.
• HDBank plans a 25% stock dividend for 2025, issuing up to 1.25 billion shares, subject to shareholder approval.

What Happened

According to a company announcement, MB (HOSE: MBB) has set August 12, 2026, as the record date for a 15% stock dividend and a rights issue for existing shareholders. The stock dividend will be funded from retained earnings for 2025, while the rights issue at VND 10,000 per share will raise additional capital. The total number of shares to be issued in the rights offer is nearly 805.5 million.

BIDV (HOSE: BID) has announced a bonus share issuance from its share premium and other equity reserves, with a record date of August 18, 2026. The bank will issue approximately 498.2 million shares, equivalent to a 6.84% bonus. Additionally, BIDV will pay a cash dividend of 4.5% on August 20, 2026. Vietcombank (HOSE: VCB) and VietinBank (HOSE: CTG) have also confirmed cash dividend payments of 4.5% each, scheduled for August 27, 2026.

HDBank (HOSE: HDB) is seeking shareholder approval for a 25% stock dividend for fiscal year 2025, which would result in the issuance of up to 1.25 billion shares. The proposal is part of a broader capital increase plan.

Market Context

As of August 12, 2026, MBB closed at VND 20,450, BID at VND 39,250, VCB at VND 59,700, and CTG at VND 32,200 on the HOSE. The banking sector has been a key driver of the Vietnamese stock market, with banks consistently delivering strong earnings and capital adequacy. These dividend and bonus share announcements come amid a period of regulatory focus on capital buffers and sustainable growth.

Strategic Significance

The wave of dividend and bonus share issuances underscores the robust profitability of Vietnamese banks and their ability to reward shareholders while strengthening capital bases. For MBB, the combined stock dividend and rights issue will significantly increase its charter capital, supporting future lending growth. For state-owned banks like BIDV, VCB, and CTG, cash dividends provide a steady income stream, while HDBank’s large stock dividend signals confidence in its earnings outlook. Investors should consider the potential dilution effects and the banks’ ability to deploy the new capital effectively.

What to Watch

• MBB’s rights issue subscription period and the final number of shares issued.
• BIDV’s bonus share listing date and the impact on its share price.
• HDBank’s shareholder vote on the 25% stock dividend and the subsequent record date.
• Any regulatory approvals required for the capital increases.
• Banks’ Q3 2026 earnings reports to assess the impact of increased share counts on EPS.