VGI

Viettel Global (VGI) commits $560 million to establish Viettel Dominicana, a telecom and digital infrastructure company in the Dominican Republic, with phased rollout of mobile, broadband, e-wallet, and digital services. The investment is funded by equity and debt, and follows strong Q1 2026 earnings with net profit up 5.7x year-on-year.

VGI commits $560M to establish Viettel Dominicana and build a nationwide telecom and digital infrastructure network in the Dominican Republic, marking its first major overseas expansion in nearly a decade. The project targets mobile, broadband, fintech, and digital services, with initial 2-year phase focused on core telecom infrastructure.

The Vietnamese government will convene on May 19, 2026 with leaders of 23 state-owned corporations to review draft criteria for classifying and restructuring state capital. This directly impacts listed entities such as BID (79.7% state-owned), GVR (96.8%), BSR (92.1%), BCM (95.4%), ACV (95.4%), VGI (99.01%), and FPT (50.2% state-owned), many of which currently fail public company thresholds due to low free float.

Viettel Global (VGI) posted Q1/2026 net profit of VND 2,329 billion, up 471% YoY, on revenue of VND 12,568 billion (+30%). The company also plans a 33% cash dividend for 2025, signaling strong cash flow and commitment to shareholder returns.

VGI's 2026 AGM approved a 33% cash dividend for 2025, funded by record 2025 revenue of VND 44,271 billion (+25% YoY) and net profit of VND 11,250 billion (+57% YoY). The company targets 2026 revenue of VND 52,561 billion, driven by 5G expansion, digital services, and new ventures like logistics and renewable energy.

Viettel Global (VGI) targets record 2026 consolidated revenue of VND 52,561B (+19% vs 2025) and proposes a 33% cash dividend payout, following a strong 2025 where net profit jumped 57% to VND 11,250B. The guidance, set ahead of the 2026 AGM, builds on momentum from its international telecom operations and recent receipt of the 'Labour Hero' state award.

Southern Waterway Transport Corporation (SWC) has stated its major state shareholder has no divestment or issuance plan to meet public company criteria, risking delisting. This reflects a broader regulatory pressure on large-cap, state-dominated firms like VGI, GVR, MVN, ACV, TVN, BSR, BCM, PGV, GAS, and PLX, which could significantly impact market capitalization and index composition if not addressed.