Billionaire Vuong's Vingroup is about to "pocket" more than 6,000 billion VND in cash

(Dan Tri) - Vingroup Corporation is expected to receive more than 6,000 billion VND in dividends from VEFAC.

Vietnam Exhibition Fair Center Joint Stock Company (VEFAC - stock code: VEF) has just announced the Resolution of the Board of Directors on the plan to pay cash dividends to shareholders.

Accordingly, the company plans to pay a total dividend of up to 435% in cash, equivalent to VND43,500/share. Of which, the 2024 dividend is 135% (VND13,500/share), taken from accumulated undistributed profits up to the end of 2024 and the interim dividend for the first quarter of 2025 is 300% (VND30,000/share), paid from after-tax profits in the first quarter of the year.

Last date for registration is 13/6. Estimated payment date is 4/7.

With more than 166.6 million shares in circulation, the total amount VEFAC needs to spend on this dividend is estimated at VND7,247 billion. Vingroup Corporation (stock code: VIC) is the parent company of VEFAC, owning 83.32% of the capital. It is expected that this corporation will receive more than VND6,000 billion in dividends.

In addition, with a 10% ownership ratio, the Ministry of Culture, Sports and Tourism also received nearly 725 billion VND.

Giang Vo Exhibition Ground (Photo: IT).

The financial report shows that VEFAC's accumulated undistributed profit after tax as of December 31, 2024 is VND 2,346 billion. The accumulated undistributed profit after tax in the first quarter of 2025 is VND 14,901 billion.

VEFAC is the enterprise with the highest profit in the first quarter of the year with a sudden increase in profit, reaching a record of VND 18,605 billion, 163 times higher than the first quarter of 2024.

This huge revenue mainly comes from recording VND44,560 billion in revenue from transferring part of the Vinhomes Global Gate project. Revenue from core activities such as fairs, exhibitions and other services only contributed VND250 million.

This is also the first time VEFAC has achieved the No. 1 position on the Vietnamese stock exchange in terms of profit value. Previously, the top 1 position on the exchange often belonged to names such as Vietcombank, BIDV , VietinBank, Vinhomes, etc.

This company is developing Vinhomes Global Gate urban area in Xuan Canh, Dong Hoi and Mai Lam communes, Dong Anh district, Hanoi, with a scale of more than 261 hectares and a total investment capital of nearly VND34,880 billion. In March, the Hanoi People's Committee approved VEFAC to transfer 75 hectares of residential and commercial land in this project to Thoi Dai Moi T&T Company.

On the stock market, VEF is one of the rare stocks with 3 digits. On June 5, the market price of this stock was around 236,400 VND/share, however, liquidity was quite low.

VEF's market price peaked at over VND243,000/share in mid-May, the highest level in over 3 years, recovering 55% from the bottom of VND157,500/share in early April 2025.

Source: https://dantri.com.vn/kinh-doanh/vingroup-cua-ty-phu-vuong-sap-dut-tui-hon-6000-ty-dong-tien-mat-20250605150856193.htm