Vinhomes 1:1 Stock Dividend Shares Begin Trading Sept 9, 2026

Overview

Vinhomes (VHM) will see over 4.1 billion new shares from its 1:1 stock dividend become tradable on the Ho Chi Minh Stock Exchange (HOSE) from September 9, 2026. This issuance doubles the company’s charter capital to over VND 82,148 billion, making it one of the largest stock dividend distributions in Vietnam’s market history. The move follows a strong first half of 2026, with net profit surging 4.8 times year-on-year.

Key Facts

• Over 4.1 billion VHM shares were listed on HOSE on August 27, 2026, and will be officially tradable from September 9, 2026.
• The shares were issued as a stock dividend for fiscal year 2025 at a 1:1 ratio, meaning shareholders received one new share for each share held.
• Distribution to 34,021 shareholders was completed on August 7, 2026.
• Charter capital increased from over VND 41,000 billion to over VND 82,148 billion.
• VHM closed at VND 75,000 on September 4, 2026, with market capitalization around VND 617,000 billion, ranking second on HOSE after parent Vingroup.
• The Board of Directors approved issuing two private bond lots totaling VND 3,000 billion, with 24-month tenor and secured assets.
• In H1 2026, Vinhomes reported net revenue of VND 116,565 billion and after-tax profit of VND 52,091 billion, up 3.4x and 4.8x year-on-year respectively.

What Happened

According to an announcement from the Ho Chi Minh Stock Exchange (HOSE), more than 4.1 billion VHM shares of Vinhomes Joint Stock Company were additionally listed on August 27 and will officially begin trading on September 9, 2026. This is the stock dividend payment for fiscal year 2025 at a 1:1 ratio, effectively doubling the number of outstanding shares.

The company completed the distribution of these shares to 34,021 shareholders on August 7, 2026. Following the issuance, Vinhomes’ charter capital increased from over VND 41,000 billion to over VND 82,148 billion, marking one of the largest stock dividend issuances on the Vietnamese stock market.

In a related development, Vinhomes’ Board of Directors approved a plan to offer two private bond lots with a total value of VND 3,000 billion. Both lots are non-convertible, non-warrant bonds with secured assets, featuring a combination of fixed and floating interest rates. The bonds have a 24-month tenor, and the proceeds will be used for the company’s investment projects.

Market Context

VHM shares are trading at VND 75,000, about 5% below their peak in early May. The stock closed at VND 75,000 on September 4, 2026, up 2.72% on volume of 8.35 million shares. Vinhomes’ market capitalization stands at approximately VND 617,000 billion, the second largest on HOSE, behind only its parent Vingroup. The additional share supply from the dividend may create short-term selling pressure, but the company’s robust earnings growth—H1 net profit up 4.8 times year-on-year—provides fundamental support.

Strategic Significance

The 1:1 stock dividend reflects Vinhomes’ strategy to reward shareholders while retaining cash for development. The company has been aggressively expanding, including a recent contract worth over VND 67,000 billion for a 9,171-hectare project in Hà Nội. The private bond issuance of VND 3,000 billion, along with 15 other private bond lots this year, indicates a reliance on debt financing for large-scale projects. For long-term investors, the share increase dilutes earnings per share but signals confidence in future growth, as the company has already achieved 87% of its full-year profit target in just six months.

What to Watch

• Trading volume and price movement of VHM shares after September 9, 2026, to gauge market absorption of the new shares.
• Q3 2026 earnings release, expected in October, to see if growth momentum continues.
• Further details on the use of proceeds from the VND 3,000 billion bond issuance and any additional bond offerings.
• Updates on the progress of the 9,171-hectare project in Hà Nội and other major developments.
• Any changes in foreign ownership limits or investor sentiment toward the real estate sector.