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At the 2026 annual general meeting of Vinhomes JSC (VHM) on April 21, shareholders approved the company’s dividend plan for the 2025 financial year, to be implemented in 2026 and funded from accumulated profits at the end of 2025.
The cash dividend was approved at 60% of charter capital, equivalent to VND 24.6 trillion, or VND 6,000 per share based on the company’s current outstanding shares.
The stock dividend was approved at 100%, meaning each shareholder holding one share will receive one additional share.
Management noted that the last dividend was paid in 2021 at VND 2,000 per share in cash, while no dividends were paid in 2022–2024.
Management said the cash dividend plan would have negligible impact on project funding. It said project development will be funded mainly by cash flows from sales and from sales of new real estate, including retail and large-lot sales, together with borrowings. Therefore, the 2025 cash dividend is not expected to significantly affect resources for project development.
Management added that, if implemented, the stock dividend would strengthen VHM’s capital base and increase liquidity. The stock dividend would raise charter capital from VND 41.1 trillion to VND 82.1 trillion.
Management said VHM does not have a fixed dividend policy. Future dividend plans will be decided by balancing shareholder interests with long-term development plans.
The high dividend plan is set against VHM’s 2026 growth targets: core revenue of VND 285,000 billion and net profit of VND 60,000 billion.
VHM targets real estate sales of about VND 300–350 trillion for 2026, up 46%–70% year-on-year. The plan is supported by ongoing launches at existing projects, including Hai Van Bay in Da Nang (512 ha, 5,900 lower-density units), as well as Green Paradise, Green City, Golden City, Ocean Park 2 & 3. VHM also plans to launch Global Gate Ha Long in Quảng Ninh and the International University City in Ho Chi Minh City.
Unrecorded sales at the end of 2025 were reported at VND 186.4 trillion, mainly from Wonder City, Golden City, Ocean Park 2 & 3 and Royal Island.
Management said unrecorded sales are expected to contribute 30–40% of the core revenue plan for 2026, with the remainder coming from new sales at existing projects such as Green Paradise, Green City, Ocean Park 2 & 3, and potential large-lot deals under discussion for upcoming launches.
At the AGM, management said real estate sales in Q1 2026 are expected to reach about VND 70–80 trillion, up 64%–87% quarter-on-quarter and 100%–129% year-on-year.
In late March and early April 2026, VHM opened retail launches at Hai Van Bay and began contributing to real estate sales in Q1 2026.
In 2025, Vinhomes started and opened a series of mega projects, including:
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