Vinhomes Completes 1:1 Stock Dividend, 4.1B Shares to Credit by Sept 15

Overview

Vinhomes (VHM) has completed a 1:1 stock dividend issuance, distributing over 4.1 billion shares to 34,021 shareholders. The company’s charter capital has doubled to over VND 82,148 billion, with shares expected to be credited to investor accounts by September 15, 2026. The announcement comes alongside robust Q2 2026 earnings, highlighting the company’s strong operational performance.

Key Facts

• Vinhomes issued over 4.1 billion shares as a 1:1 stock dividend, completed on August 7, 2026.
• Charter capital increased from over VND 41,074 billion to over VND 82,148 billion.
• Shares are expected to be credited to investors’ accounts before September 15, 2026.
• The company issued 20,000 bonds (code VHM12615) with a face value of VND 100 million each, raising VND 2,000 billion.
• The bonds have a 3-year term, maturing on August 6, 2029, with a coupon rate of 12.5% per annum.
• Q2 2026 net revenue reached VND 52,722 billion, up 2.9x year-on-year.
• Q2 2026 after-tax profit was VND 26,467 billion, up 3.22x year-on-year.
• H1 2026 revenue and after-tax profit were VND 116,565 billion and VND 52,091 billion, respectively, up 3.43x and 4.79x year-on-year.

What Happened

Vinhomes reported to the State Securities Commission of Vietnam (SSC) the results of its stock dividend issuance. The company successfully distributed over 4.1 billion shares to 34,021 shareholders, completing the issuance on August 7, 2026. This 1:1 stock dividend effectively doubled the company’s charter capital from over VND 41,074 billion to over VND 82,148 billion. The shares are scheduled to be credited to investors’ accounts by September 15, 2026.

In a separate development, Vinhomes issued 20,000 bonds under the code VHM12615, each with a face value of VND 100 million, raising VND 2,000 billion. The bonds carry a 3-year term, maturing on August 6, 2029, with an annual coupon rate of 12.5%.

The company also reported strong Q2 2026 results. Consolidated net revenue reached VND 52,722 billion, nearly 2.9 times higher than the same period in 2025. Real estate transfer activities generated VND 39,548 billion in revenue, a fourfold increase year-on-year. After-tax profit stood at VND 26,467 billion, up 3.22 times year-on-year. For the first half of 2026, Vinhomes recorded revenue of VND 116,565 billion and after-tax profit of VND 52,091 billion, representing increases of 3.43 times and 4.79 times, respectively, compared to the same period last year. These results put the company at approximately 40.9% of its full-year revenue target (VND 285,000 billion) and 86.8% of its profit target (VND 60,000 billion).

Market Context

VHM shares closed at VND 69,000 on August 17, 2026, up 0.59% with a trading volume of 1,529,200 shares on the HOSE. The stock dividend and strong earnings come amid a recovering Vietnamese real estate market, with Vinhomes continuing to lead the sector. The doubling of charter capital and the high-yield bond issuance reflect the company’s aggressive expansion strategy, which is likely to attract investor attention.

Strategic Significance

The 1:1 stock dividend is a significant corporate action that increases share liquidity and signals management’s confidence in future earnings. The doubling of charter capital provides a larger equity base for future projects and potential acquisitions. The high-yield bond issuance (12.5%) indicates the company’s need for capital, possibly for land banks or development projects. For long-term investors, Vinhomes’ strong operational performance and strategic capital management position it well for sustained growth in Vietnam’s real estate sector.

What to Watch

• Confirmation that shares are credited to investor accounts by September 15, 2026.
• Q3 2026 earnings release to see if growth momentum continues.
• Progress on major project launches and sales performance.
• Any further bond issuances or capital-raising activities.
• Regulatory approvals for new projects or land acquisitions.