Vietnam's Top Banks Resume Cash Dividends, Boosting Shareholder Returns
Several of Viet Nam's largest commercial banks are reinstating cash dividends this October and November, providing a clear and tangible benefit to shareholders, particularly retail investors. HDBank, Vietcombank, and Techcombank have announced their plans, with Vietcombank leading the way on October 24.
Vietcombank will distribute a cash dividend of 4.5%, worth approximately VNĐ3.76 trillion (US$160 million), on October 24. This follows the central bank's relaxation of rules in 2023, allowing institutions with strong credit ratings to resume cash dividends.
Techcombank will follow suit on October 22, offering a 10% cash dividend. Meanwhile, BIDV and VietinBank will distribute dividends at the same 4.5% rate on November 14 and 17, respectively.
HDBank, however, has yet to set a date for its dividend distribution. The Board of Directors is expected to announce the details soon, with distributable profit approaching VNĐ10.4 trillion.
The reinstatement of cash dividends by these major banks signals a return to normalcy after the State Bank of Viet Nam previously curtailed them to bolster equity and support businesses and households. Shareholders can now look forward to tangible benefits, with Vietcombank's distribution on October 24 marking the beginning of this trend.
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