Vietnamese Banks Pay Over VND 48 Trillion in Cash Dividends for 2025, LPB Leads at 30%

Overview

Eleven listed Vietnamese banks have paid a combined VND 48,041 billion in cash dividends for 2025, according to a VnExpress report. LPBank (LPB) led with a 30% cash dividend, while Vietcombank (VCB) announced a 4.5% payout. The move is viewed as a way to compensate shareholders for dilution from stock issuance and to maintain investor confidence.

Key Facts

• Total cash dividends paid by 11 listed banks: VND 48,041 billion (approx. USD 2 billion).
• LPBank (LPB) paid the highest cash dividend at 30%, disbursing nearly VND 9,000 billion on May 25, 2025.
• MB (MBB) paid the second-largest amount, over VND 8,055 billion, with a 10% dividend, payable on July 17, 2025.
• Techcombank (TCB) completed a 7% cash dividend on June 10, 2025, totaling nearly VND 5,000 billion.
• Vietcombank (VCB) announced a 4.5% cash dividend, with a record date of July 24, 2025, and payment one month later, totaling about VND 3,760 billion.
• Other banks paying over VND 3,000 billion each: VietinBank (CTG), VPBank (VPB), ACB, BIDV (BID), SHB, VIB.
• TPBank (TPB) set aside over VND 1,700 billion for its cash dividend.

What Happened

According to a VnExpress report, 11 listed Vietnamese banks have collectively paid over VND 48 trillion in cash dividends for the 2025 fiscal year, a higher total than the previous year due to an increase in outstanding shares. LPBank led with a 30% cash dividend, disbursing nearly VND 9,000 billion on May 25. MB followed with a 10% payout totaling over VND 8,055 billion, payable on July 17. Techcombank completed a 7% cash dividend on June 10, totaling nearly VND 5,000 billion.

Vietcombank announced a 4.5% cash dividend with a record date of July 24, 2025, and payment one month later. The bank has over 8.3 billion shares outstanding, implying a payout of about VND 3,760 billion. Other banks including VietinBank, VPBank, ACB, BIDV, SHB, and VIB each paid over VND 3,000 billion, while TPBank set aside over VND 1,700 billion.

Market Context

On July 9, 2026, the banking sector saw mixed trading with most major banks declining. VCB closed at VND 61,100 (-0.81%), LPB at VND 52,400 (-1.32%), MBB at VND 24,600 (-1.60%), and TCB at VND 33,150 (-1.78%). The cash dividend announcements come amid a broader trend of banks using stock dividends and rights issues to raise capital, which dilutes existing shareholders. The cash payouts are seen as a compensatory measure to retain investor confidence.

Strategic Significance

The cash dividend strategy reflects the strong profitability and healthy cash flows of Vietnam’s leading banks, which have reported profits in the tens of trillions of dong in recent years. By offering cash dividends alongside stock issuance, banks aim to balance capital adequacy requirements with shareholder returns. This approach helps maintain investor trust and facilitates future capital raising, as noted by ABS analyst Nguyen The Minh. For long-term investors, the dividends provide direct income while the underlying stocks may benefit from continued earnings growth.

What to Watch

• Upcoming record dates and payment schedules for remaining banks, especially VCB’s July 24 record date.
• Q2 2025 earnings reports from these banks to assess profitability and dividend sustainability.
• Any regulatory changes regarding dividend payout ratios or capital adequacy requirements.
• Market reaction to LPB’s high dividend yield and its impact on share price and foreign ownership limits.
• Future capital raising plans (stock dividends or rights issues) that may dilute shareholders further.