Vinh Hoan (VHC) sets 2026 revenue target at 14 trillion VND and 30% cash dividend, highest in eight years

Vinh Hoan Joint Stock Company (VHC) has released documents for its 2026 Annual General Meeting, scheduled for May 5 in Ho Chi Minh City. The company plans to submit to shareholders a 2026 cash dividend of 30%, equivalent to 3,000 dong per share.

With more than 224 million shares outstanding, the total expected cash payout is about 672 billion dong. Chairman of the Board Truong Thi Le Khanh, who holds roughly 42% of the capital, is expected to receive approximately 283 billion dong if the proposal is approved.

Dividend proposal and payout size

If approved, the 30% cash dividend would be the highest in eight years, following the 40% dividend recorded in 2018. As of the end of 2025, Vinh Hoan reported undistributed profits of more than 7,100 billion dong. Earlier in 2025, the company advanced a 20% cash dividend, equivalent to about 449 billion dong.

2026 targets: revenue and profit

The dividend plan is presented alongside Vinh Hoan’s 2026 business targets. The company aims for record revenue of 14,000 billion dong, up about 16% from 2025. Net profit attributable to the parent company is expected to reach 1,600 billion dong, up 13% year-on-year and among the highest levels, only behind the 2022 peak.

2026 investment plan

For 2026, Vinh Hoan plans to spend 1,520 billion dong on investment and expansion activities, including:

• Renovating and building new workshops, and procuring equipment for Vinh Hoan Collagen.
• Adding machinery for the Thanh Ngoc Fruit Processing Plant.
• Investing in a new production line at the Feed One fish feed plant.
• Upgrading the Sa Giang plant and implementing the Hoan Ngoc agricultural processing plant project.
• Expanding farming areas.
• New investments and renovations at the Vinh Phuoc, Thanh Binh, and Vinh Hoan plants.

2025 performance

In 2025, Vinh Hoan reported revenue of 12,021 billion dong, meeting 97.3% of its plan. After-tax profit attributable to the parent company reached 1,418 billion dong, up 9.1% versus the target.

Share buyback proposal

In related shareholder matters, Vinh Hoan plans to buy back up to 15 million shares to reduce charter capital and/or increase shareholder value. The purchase price will not exceed 63,000 dong per share, corresponding to a maximum total value of about 945 billion dong. The buyback implementation window is up to two months from the approval by the State Securities Commission.