Viettel Global (VGI) Targets Record VND 52,561B Revenue for 2026, Proposes 33% Cash Dividend

Overview

Viettel Global Investment Joint Stock Company (Viettel Global, VGI) has set a record-high consolidated revenue target of VND 52,561 billion for 2026 and proposed a 33% cash dividend, according to documents for its upcoming Annual General Meeting of Shareholders (AGM). This follows exceptionally strong 2025 results, where revenue grew 25% and net profit surged 57%, providing a robust foundation for the ambitious new targets.

Key Facts

• 2026 Revenue Target: VND 52,561 billion in consolidated revenue, described as the highest in the company’s operating history.
• Dividend Proposal: A 33% cash dividend payout ratio for 2026, as per the AGM documents.
• 2025 Performance: Consolidated net revenue reached VND 44,271 billion, a 25% year-on-year increase and a record high. Net profit after tax hit VND 11,250 billion, up 57% year-on-year and also a record.
• 2025 Dividend: The company paid a 7.5% cash dividend for the 2025 financial year.
• AGM Date: The 2026 AGM is scheduled for the afternoon of April 23, 2026.
• State Award: On March 28, 2026, Viettel Global was awarded the ‘Labour Hero’ title by the Vietnamese state for outstanding achievements in labor and innovation.
• Market Capitalization: The company’s market capitalization on the stock exchange has surpassed USD 10 billion.

What Happened

Ahead of its 2026 Annual General Meeting of Shareholders, Viettel Global has outlined ambitious financial targets for the coming year. According to the AGM documentation, the company aims to achieve consolidated revenue of VND 52,561 billion in 2026, which it states would be a record high in its operational history. The company also proposed a cash dividend distribution at a 33% ratio. This guidance follows the release of the company’s 2025 financial results, which showed consolidated net revenue of VND 44,271 billion, a 25% increase from the previous year and itself a record. Net profit after tax for 2025 reached VND 11,250 billion, a 57% year-on-year increase, also setting a new record.

Separately, the company recently received significant state recognition. On March 28, 2026, during a ceremony marking its 20th business anniversary, Viettel Global was conferred the ‘Labour Hero’ title by the Vietnamese state, represented by Senior Lieutenant General Phan Văn Giang, Member of the Politburo and Minister of National Defence. The award recognizes collectives with exceptionally outstanding achievements in labor and creativity. The company’s international expansion, highlighted by operations in challenging markets like Cambodia (via Metfone) and Haiti, was noted as part of its journey.

Market Context

Viettel Global (VGI) is listed on the Ho Chi Minh City Stock Exchange (HOSE). The company’s market capitalization recently crossed the USD 10 billion threshold, reflecting its position as a major player in the Vietnamese telecommunications sector and one of the top 15 most profitable listed entities in the market (ranking 5th excluding the banking sector). The strong 2025 results and the forward-looking 2026 targets come at a time when the company is leveraging its operational successes in international markets to drive growth.

Strategic Significance

The 2026 revenue target represents a 19% increase over the record 2025 figure, signaling management’s confidence in sustaining high growth from its international telecom portfolio. The proposed 33% dividend, substantially higher than the 7.5% paid for 2025, indicates a commitment to shareholder returns alongside aggressive expansion. The ‘Labour Hero’ award underscores the strategic importance of Viettel Global’s operations, which are often framed as national projects that extend Vietnam’s technological and economic influence abroad, particularly in developing markets.

What to Watch

• AGM Approval: Shareholder vote on the 2026 business plan and the 33% cash dividend proposal at the AGM on April 23, 2026.
• Quarterly 2026 Results: Sequential financial reports to track progress toward the VND 52,561 billion annual revenue target.
• Operational Updates: Performance metrics from key international markets like Cambodia and Haiti, which are central to the growth narrative.
• Capital Management: Any further announcements regarding dividend policy or capital allocation following the AGM.