Viettel Global (VGI) Announces Record ~VND 10,000B Cash Dividend for 2025

Overview

Viettel Global (VGI), the international investment arm of Viettel Group, has announced a record cash dividend for 2025 of approximately VND 10,000 billion, with a payout ratio of 33% (VND 3,300 per share). The dividend is backed by record 2025 results and continued strong growth in the first half of 2026. The record date is set for September 15, 2026, with payment expected on October 15, 2026.

Key Facts

• Dividend payout ratio: 33%, equivalent to VND 3,300 per share.
• Total dividend amount: approximately VND 10,000 billion (about USD 400 million).
• Record date: September 15, 2026; payment date: October 15, 2026.
• Viettel Group owns over 99% of VGI’s charter capital, receiving about VND 9,932 billion in cash.
• 2025 net revenue: VND 44,271 billion (+25.2% YoY); net profit: VND 11,250 billion (+56.3%), a record high.
• Dividend represents nearly 89% of 2025 net profit.
• H1 2026 revenue: VND 26,178 billion (+29.2% YoY); net profit: VND 6,333 billion (+94% YoY).
• Total assets as of June 30, 2026: over VND 92,500 billion, up about VND 11,000 billion from the start of the year.

What Happened

Viettel Global (VGI) announced on August 27, 2026, that it will close the shareholder list on September 15, 2026, to pay a cash dividend for 2025. The payout ratio is 33%, meaning shareholders receive VND 3,300 per share, with payment scheduled for October 15, 2026. With over 3.04 billion shares outstanding, the total cash outlay is approximately VND 10,000 billion.

The dividend is supported by record 2025 financial results: net revenue reached VND 44,271 billion (+25.2%) and net profit hit VND 11,250 billion (+56.3%), the highest ever. The company’s growth momentum continued into 2026, with H1 revenue up 29.2% and net profit up nearly 94% year-on-year. The dividend payout equals nearly 89% of 2025 net profit, indicating strong cash generation capacity.

Market Context

VGI trades on the UPCOM exchange and closed at VND 87,700 on August 27, 2026, giving it a market capitalization of approximately USD 10 billion. The stock has been supported by robust earnings growth and the announcement of this record dividend. The telecommunications sector in Vietnam remains a key growth area, with VGI benefiting from its international operations, particularly in emerging markets. The dividend yield of about 33% is exceptionally high, reflecting the company’s strong cash flow and commitment to shareholder returns.

Strategic Significance

This record dividend underscores VGI’s financial strength and its ability to generate substantial cash flows from its international telecommunications investments. The high payout ratio (89% of 2025 net profit) signals confidence in future earnings and a shareholder-friendly capital allocation policy. For long-term investors, the dividend provides a significant cash return, while the continued growth in H1 2026 suggests that the company can sustain or even increase distributions in the future. The parent Viettel Group’s majority ownership means the dividend also supports the group’s cash flow, potentially funding further expansion.

What to Watch

• Q3 2026 earnings release (expected October 2026) to confirm sustained growth.
• Any updates on VGI’s investment plans, particularly in markets like the Dominican Republic.
• Changes in foreign ownership limits or regulations affecting VGI’s stock.
• Dividend policy for 2026, which may be announced in early 2027.
• Currency fluctuations in VGI’s operating markets, which could impact reported earnings.