Viettel Post (VTP) Posts Record Profit of 404.9B VND in 2025, Plans 24.53% Stock Dividend

Overview

Viettel Post (VTP) announced record after-tax profit of 404.89 billion VND for 2025, up 5.7% year-on-year, with revenue surging 33.4% to 20,684 billion VND. The company processed 360 million orders, capturing a 22.3% market share. Shareholders approved a stock dividend of 24.53% of charter capital to fund expansion.

Key Facts

• After-tax profit reached 404.89 billion VND, a record high, up 5.7% YoY.
• Revenue hit 20,684 billion VND, up 33.4% YoY, double the industry average.
• Pre-tax profit of 514.57 billion VND exceeded the annual plan by 1.67%.
• ROE stood at 23.7%, among the highest in the logistics sector.
• The company processed approximately 360 million orders in 2025, boosting market share to 22.3%.
• Stock dividend of 24.53% of charter capital (298.73 billion VND) approved, funded from parent company’s after-tax profit.
• Warehousing, transport, and commercial services contributed over 42% of incremental revenue.

What Happened

At its annual general meeting on April 23, Viettel Post reported consolidated revenue of 20,684 billion VND and after-tax profit of 404.89 billion VND for 2025, the highest ever. The company’s logistics ecosystem expansion, including the Viettel Logistics Park in Lạng Sơn and real-time technology platforms, drove growth. International operations expanded into Laos, Cambodia, Myanmar, and China, establishing cross-border transport routes.

Chairman Nguyễn Việt Dũng stated that competitive advantage in logistics will belong to firms controlling infrastructure, technology, and data. Viettel Post is investing to become a full-service logistics provider, deepening its role in regional supply chains.

Market Context

VTP shares closed at 73,000 VND on April 10, 2026, down 0.68% with volume of 355,700 shares. The stock trades on HOSE. Viettel Post’s performance comes amid strong growth in Vietnam’s logistics sector, driven by e-commerce and cross-border trade. The company’s ROE of 23.7% places it among top performers in the industrial goods and services sector.

Strategic Significance

Viettel Post’s record results and stock dividend signal a strategy to retain cash for capital-intensive logistics infrastructure investments. The focus on full-service logistics, including warehousing, transport, and cross-border routes, positions the company to capture value from Vietnam’s growing trade flows. The 24.53% stock dividend, while dilutive in the short term, supports long-term capital needs without straining cash flow.

What to Watch

• Q1 2026 earnings release for continued revenue and profit momentum.
• Progress on the Viettel Logistics Park in Lạng Sơn and other infrastructure projects.
• Expansion of international routes and cross-border transport volumes.
• Market share trends in the domestic logistics sector, especially versus competitors.
• Any further capital raising plans or dividend policy changes.