Vingroup, owned by billionaire Vuong, is about to pocket over 6 trillion VND in cash.

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

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

Accordingly, the company expects a total dividend payout ratio of up to 435% in cash, equivalent to VND 43,500 per share. This includes a 135% dividend for 2024 (VND 13,500 per share), derived from accumulated undistributed profits as of the end of 2024, and a 300% interim dividend for the first quarter of 2025 (VND 30,000 per share), paid from after-tax profits in the first quarter.

The last day to register is June 13th. The expected payment date is July 4th.

With over 166.6 million shares outstanding, the total amount VEFAC needs to spend on this dividend payment is estimated at 7,247 billion VND. Vingroup (stock code: VIC), the parent company of VEFAC, owns 83.32% of the capital. The group is expected to receive over 6,000 billion VND in dividends.

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

The Giang Vo exhibition area (Photo: IT).

According to the financial report, VEFAC's accumulated undistributed after-tax profit as of December 31, 2024 was VND 2,346 billion. The accumulated undistributed after-tax profit for the first quarter of 2025 is VND 14,901 billion.

VEFAC was the most profitable enterprise in the first quarter of the year, with profits experiencing a dramatic surge, reaching a record high of VND 18,605 billion, 163 times higher than the first quarter of 2024.

This massive revenue stream primarily comes from the recognition of VND 44,560 billion in revenue from the partial transfer of the Vinhomes Global Gate project. Revenue from core activities such as trade fairs, exhibitions, and other services only contributed VND 250 million.

This also marks the first time VEFAC has achieved the number one position on the Vietnamese stock exchange in terms of profit value. Previously, the top spot was usually held by names like Vietcombank, BIDV , VietinBank, Vinhomes, etc.

This company is developing the Vinhomes Global Gate urban area in Xuan Canh, Dong Hoi, and Mai Lam communes, Dong Anh district, Hanoi, covering over 261 hectares with a total investment of nearly 34,880 billion VND. In March, the Hanoi People's Committee approved VEFAC's transfer of 75 hectares of residential and commercial land within this project to Thoi Dai Moi T&T Company.

On the stock market, VEF belongs to the rare group of stocks with three-digit share prices. As of June 5th, the share price was around 236,400 VND/share, however, liquidity was quite low.

VEF's share price peaked at over 243,000 VND/share in mid-May, its highest level in over 3 years, recovering 55% from its low of 157,500 VND/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