Vingroup’s real estate arm VEF to pay $208 mln in cash dividends

Vietnam Exhibition Fair Center JSC (VEFAC), a real estate subsidiary of conglomerate Vingroup (HoSE: VIC), is proposing to pay huge interim dividends at a rate of 330%, equivalent to nearly VND5,500 billion ($208.24 million).

This will follow dividend payments at a rate of 435% in July, or VND7,200 billion ($272.6 million) in total.

VEFAC, registered on the unlisted public companies market (UPCom) as VEF, recently announced to collect shareholders' opinions in writing for the second time, in which the most prominent is the proposal to pay interim cash dividends at a rate of 330%, equivalent to VND33,000 ($1.25) per share.

Given the more than 166.6 million shares in circulation, the total amount expected to be spent is nearly VND5,500 billion ($208.24 million), equivalent to more than 53% of accumulated profits.

Of this, Vingroup, with billionaire Pham Nhat Vuong as chairman, would receive nearly VND4,600 billion ($174.17 million) thanks to its controlling stake of 83.32%.

After the dividend announcement, the price of VEF shares increased sharply despite the sharp decline in the general market. They increased by 7.5% to VND176,800 ($6.69) a share, equivalent to a capitalization of over VND29,300 billion ($1.11 billion).

In July 2025, VEFAC completed two cash dividend payments at a total rate of 435%, equivalent to VND43,500 a share, or VND7,200 billion ($272.62 million) in total.

This included 2024 dividends at a rate of 135% and Q1/2025 dividend advance at a rate of 300%.

Another content mentioned in VEFAC's shareholder consultation document this time is the election of additional board of directors members.

Accordingly, Do Quang Minh, born in 1991, currently deputy general director of VEFAC, will join the board for the 2025-2030 term. Currently, the board has four members, with Tran Le Phuong as chairman.

The enterprise also plans to add a number of new business lines including passenger transport, services, retail, and personal care.

Vietnam Exhibition Fair Center JSC reported a net profit of VND15.25 trillion ($583.3 million) in the first half of 2025, up 8,372% year-on-year on the sales of key real estate projects.

During the period, the firm posted revenue of VND44.57 trillion ($1.7 billion), an 86-fold surge from the same period last year.

The company attributed the spike in earnings to the sale of units at the Vinhomes Co Loa urban area and the 148 Giang Vo project, both in Hanoi.