HÀ NỘI — Việt Nam’s largest real estate developer Vinhomes will spend nearly VNĐ25 trillion (US$950 million) and issue an additional 4.1 billion new shares to pay dividends to shareholders in the largest dividend payout in the history of the Vietnamese stock market.

The company announced that on June 30 this year, it will finalise the list of shareholders receiving cash dividends at a rate of 60 per cent, meaning shareholders owning one share will receive VNĐ6,000.

With 4.1 billion shares outstanding, Vinhomes will spend nearly VNĐ25 trillion on this dividend payment.

Vinhomes parent company Vingroup, which owns 72 per cent of VHM shares, will receive VNĐ18 trillion from this cash dividend payment. Payment is expected in the third quarter of this year.

The real estate firm will also pay dividends in shares at a rate of 100 per cent, equivalent to issuing an additional 4.1 billion new shares, to increase its charter capital to over VNĐ80 trillion. This distribution will take place in the second and third quarters.

According to Vinhomes, the record high dividend payment was planned after the firm decided to halt new land development to focus on creating added value.

Chairman of Vinhomes' Board of Directors Phạm Thiếu Hoa said that following the directive of Vingroup Chairman Phạm Nhật Vượng, the property developer has decided to completely stop expanding its land holdings for projects in Việt Nam.

This decision is based on two fundamental reasons.

First, after years of completing legal procedures and preparations, VHM has accumulated a sufficiently large land area to sustain continuous development for the next 5-7 years.

Meanwhile, instead of continuing to expend resources on searching for new projects, it is now time for Vinhomes to focus on building, operating and creating the best living environment for existing projects to generate the most added value and contribute positively to double-digit economic growth.

In the first quarter of this year, VHM recorded consolidated net revenue of more than VNĐ65.1 trillion ($2.5 billion), a 315 per cent increase compared to the same period last year. 

Consolidated after-tax profit reached nearly VNĐ25.63 billion, an 866 per cent increase compared to Q1 2025. With these impressive results, the company achieved nearly 43 per cent of its 2026 profit target after just one quarter.

As of March 31 this year, Vinhomes maintained total assets and equity at nearly VNĐ870 trillion and over VNĐ270 trillion, respectively. — BIZHUB/VNS