Vietnam Dividend Week Oct 12-16, 2026: NTH, MGG, DRL Lead at 15%

Overview

Roughly 12 Vietnamese companies and banks will close their dividend entitlement lists during the week of October 12-16, 2026, with the highest cash ratio at 15% and the lowest at 0.77%. Thủy điện Nước Trong (HNX: NTH) sits at the top of the cash tier, alongside MGG and DRL, while HDBank (HOSE: HDB) dominates the week by share volume through a 25% stock dividend and a bonus-share issue.

Key Facts

• NTH (HNX) closes its second 2026 cash dividend tranche at 15%, or VND 1,500 per share, with a record date of October 13, 2026.
• MGG (UPCoM) pays a 2025 cash dividend of 15%, record date October 13, 2026.
• DRL (HOSE) pays its first 2026 cash tranche at 15%, record date October 15, 2026.
• BMV (UPCoM) pays the week’s lowest cash dividend at 0.77%, or VND 77 per share, record date October 15, 2026.
• HDB (HOSE) executes a 2025 stock dividend of 100:25 and issues close to 250.3 million bonus shares at 100:5, both with a record date of October 12, 2026.
• AGR (HOSE) pays a 2025 stock dividend of 100:6, record date October 12, 2026.
• TBC (HOSE) advances its first 2026 cash dividend at 10%, or VND 1,000 per share, record date October 15, 2026.

What Happened

The schedule, compiled from exchange announcements and reported by An ninh tiền tệ, covers cash and stock dividends across the HNX, HOSE and UPCoM boards. Thủy điện Nước Trong (ticker NTH) will pay VND 1,500 per share as the second instalment of its 2026 cash dividend, with shareholders on the register as of October 13, 2026. Tổng Công ty Đức Giang - CTCP (MGG) matches that 15% ratio for its 2025 cash dividend on the same record date, and Thủy điện - Điện lực 3 (DRL) pays 15% for its first 2026 tranche with a record date of October 15, 2026. Bột mỳ Vinafood 1 (BMV) sits at the other end of the range with VND 77 per share.

The week’s largest capital action comes from HDBank (HDB), which will close its shareholder list on October 12, 2026 for two separate events: a 2025 stock dividend of 100:25 and the issuance of nearly 250.3 million bonus shares at 100:5. Agriseco (AGR) also closes on October 12 for a 100:6 stock dividend, and Thủy điện Thác Bà (TBC) pays a 10% first-tranche cash dividend with a record date of October 15, 2026. The article does not disclose total payout values in dong for any of the issuers.

Market Context

NTH last closed at VND 50,000 on October 11, 2026 on the HNX, putting the VND 1,500 cash payment at roughly 3% of the prevailing price, well below the headline 15% par-value ratio. DRL closed at VND 43,050 and MGG at VND 24,500, while BMV traded at VND 3,000 on UPCoM. The schedule spans utilities, banking, securities and consumer staples, a cross-section that reflects the broad-based dividend season typical of the Vietnamese October calendar rather than a single-sector theme.

Strategic Significance

For income-focused investors, the 15% cash tier is concentrated in small and mid-cap hydropower names, where payout ratios are anchored to par value and can look modest against market prices. The more consequential signal is HDB’s dual stock dividend and bonus issue, which lifts share count materially and is a capital-strength and charter-capital story rather than a yield story. AGR’s 6% stock dividend follows the same pattern among securities firms. Investors comparing headline ratios across the week should distinguish par-value cash ratios from stock dividends that dilute per-share metrics.

What to Watch

• Actual payment dates for NTH, MGG, DRL, TBC and BMV, which the schedule does not yet specify.
• HDB’s post-issuance share count and any update on charter capital or foreign-ownership room.
• Q3 2026 earnings releases from the hydropower names, which will show whether cash coverage supports further tranches.
• Any additional dividend announcements for late October, which would confirm the seasonal pace.
• Liquidity and price adjustment around the October 12-15 ex-dividend dates.