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Vinhomes (VHM) has released the documentation for its 2026 annual general meeting, outlining a dividend plan that would mark the highest cash payout in the stock market. The company intends to pay cash dividends at 60% of charter capital, equivalent to 6,000 dong per share.
With about 4.1 billion shares outstanding, Vinhomes estimates the total cash dividend payout at nearly 25 trillion dong, described as a record level on the stock market.
Vingroup, the controlling shareholder, currently holds 73.5% of equity and is expected to receive more than 18 trillion dong from this distribution.
In addition to cash dividends, Vinhomes plans to issue shares to pay dividends at a 100% rate, which would correspond to about 4.1 billion new shares. After the issuance, the company’s charter capital is expected to rise to over 80 trillion dong.
The cash and stock dividend payments are expected to be funded from after-tax profits accumulated through December 31, 2025. The company reports undistributed profits exceeding 200 trillion dong.
The dividend payout is expected to take place in 2026.
In 2025, Vinhomes reported consolidated net revenue of over 153 trillion dong, up 50% year-on-year. Revenue from property transfer activities remains the core business, at over 108 trillion dong, supported by timely handovers at major projects including Vinhomes Ocean Park 2, Vinhomes Ocean Park 3, Vinhomes Grand Park, and Vinhomes Golden Avenue.
Net profit after tax in 2025 reached over 43 trillion dong, up 23.6% from 2024, and also exceeded the profit target approved by shareholders at the 2025 annual meeting.
This would be Vinhomes’ first dividend payout in five years, led by Pham Nhat Vuong. The previous cash dividend payment was in 2021, when dividends were set at 20% (2,000 dong per share).
For its business plan, the Board will present 2026 targets to shareholders, including revenue of 250 trillion dong and after-tax profit of 50 trillion dong—up 63% and 16%, respectively, compared with the prior year’s results.
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