Vietnamese Cash Dividend Yields Surpass Bank Rates: NHT Leads at 27.3%
This Aveluro analysis covers NHT on HOSE in the Personal & Household Goods sector. The classified event type is dividend announcement, with positive sentiment and a deterministic market-impact score of 5.6/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from VnExpress - Kinh doanh, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
A group of Vietnamese listed companies are offering cash dividend yields that significantly exceed current bank deposit rates, with Nam Hoa (NHT) leading at 27.3%. The trend highlights opportunities for value-oriented investors, though analysts caution about low liquidity in these names. Other high-yield stocks include PAP, FPT Online, VEA, SAB, BMP, and DHG.
Key Facts
- Nam Hoa (NHT) offers a 27.3% cash dividend yield for 2025, paying VND 3,000 per share at a market price of ~VND 11,000.
- PAP (Phospho Apatit) has a cash dividend yield of nearly 16% after an interim payout of 100% in cash.
- FPT Online (FPT) plans a 100% cash dividend, yielding approximately 14%.
- VEAM (VEA) and Ha Giang Minerals have yields around 15%, double the bank rate.
- Other high-yield stocks include Sabeco (SAB), Binh Minh Plastics (BMP), and Hau Giang Pharma (DHG).
- Bank deposit rates for 12-month terms are currently 6.5-7.5% per year, up 1-3% from end-2022.
- Analysts from ABS and Mirae Asset note these stocks suit value investors but have low liquidity and concentrated ownership.
What Happened
According to a VnExpress report, several listed companies are paying cash dividends with yields exceeding bank deposit rates, despite rising interest rates. Nam Hoa, a wooden toy manufacturer, leads with a 27.3% yield, paying VND 3,000 per share. PAP, a subsidiary of Duc Giang Chemicals, has a yield of nearly 16% after an interim dividend. FPT Online plans a 100% cash dividend, yielding about 14%. VEAM and Ha Giang Minerals offer yields around 15%. The report also names Sabeco, Binh Minh Plastics, and Hau Giang Pharma as high-yield stocks.
Analysts from ABS and Mirae Asset comment that these companies have stable cash flows and are suitable for value investors, but they often have low liquidity and concentrated shareholder bases, which may deter short-term traders.
Market Context
NHT trades on HOSE at VND 10,950 with minimal volume (700 shares on June 25, 2026). FPT closed at VND 71,000 with high liquidity (6.6 million shares). PAP and VEA also show thin trading. The broader market has seen rising interest rates, making these high dividend yields more attractive relative to bank deposits. However, low liquidity remains a key concern for institutional investors seeking entry or exit.
Strategic Significance
The high dividend yields reflect strong cash generation and conservative payout policies at these firms. For long-term value investors, these stocks offer a steady income stream that beats inflation and bank rates. However, the low liquidity and concentrated ownership suggest that price discovery may be inefficient, and large trades could move prices significantly. The sustainability of dividends depends on continued earnings stability, which analysts note may lack growth catalysts.
What to Watch
- Upcoming annual general meetings for PAP and other firms to confirm final dividend amounts.
- Q2 2026 earnings reports for NHT, FPT, and VEAM to assess cash flow sustainability.
- Changes in bank deposit rates by the State Bank of Vietnam, which could affect relative attractiveness.
- Any large block trades or foreign ownership changes in these low-liquidity stocks.
- Corporate actions such as stock splits or bonus issues that may alter dividend yields.