Sự Kiện 23 Doanh Nghiệp Lên Lịch Chốt Danh Sách Cổ Đông Nhận Cổ Tức Bằng Tiền Mặt Và Cổ Phiếu Trong Tuần Tới

In the upcoming trading week, spanning from September 21 to September 25, the Vietnamese stock market will witness a significant wave of corporate actions as 23 publicly listed companies prepare to close their registry lists for dividend distributions and bonus share issuances. This upcoming flurry of activity marks a crucial period for income-focused investors, highlighting the ongoing commitment of leading Vietnamese enterprises to deliver shareholder value through robust cash payouts and strategic stock dividends for the 2025 and 2026 fiscal years. The distribution methods vary across the board, featuring cash payments, equity issuances, or a combination of both, reflecting the diverse financial health and capital management strategies of enterprises spanning energy, banking, logistics, and industrial sectors.

Overview of Upcoming Corporate Actions and Market Dynamics

Dividend season is traditionally a focal point for equity investors on the Ho Chi Minh City Stock Exchange (HoSE) and the Hanoi Stock Exchange (HNX). The upcoming week is no exception, bringing forward an extensive lineup of corporate milestones. The core mechanism driving this activity is the ex-dividend date (ngày giao dịch không hưởng quyền) and the record date (ngày đăng ký cuối cùng). Investors who purchase shares prior to the ex-dividend date retain their entitlement to the announced corporate actions, whereas those acquiring the stock on or after this date do not.

The scale of the upcoming distributions underscores the resilience of key economic players in Vietnam despite broader macroeconomic headwinds. By returning capital directly to shareholders, these 23 enterprises are reinforcing market confidence and demonstrating healthy operational cash flows. The selected mix of cash and stock dividends also serves a dual purpose: rewarding loyal investors with immediate liquidity while simultaneously retaining earnings to fuel future business expansions through capital increases.

Spotlight on Cash Dividends: PV GAS Leads the Pack with Massive Payouts

Among the companies opting for a pure cash dividend distribution, Petrovietnam Gas Joint Stock Corporation (PV GAS, HoSE: GAS) stands out as the most prominent contributor to the week’s financial volume, leading the market with its 2025 dividend execution plan.

PV GAS has finalized plans to distribute dividends at a rate of 25%, translating to 2,500 VND per share. The payment schedule is slated to roll out progressively, with the execution window established from September 9 through November 20. With approximately 2.4 billion shares currently in circulation, the total capital outlay required by PV GAS for this single dividend tranche amounts to approximately 6,032 billion VND.

This massive capital distribution carries profound implications for the company’s ownership structure, most notably benefiting its parent entity. Vietnam National Industry-Energy Group (Petrovietnam – PVN), which maintains a dominant controlling stake of approximately 95.76% in PV GAS, is projected to receive the lion’s share of the payout, totaling around 5,777 billion VND. Such substantial cash inflows to the state-owned energy conglomerate underline the critical role that state-invested enterprises play in contributing to national budgetary revenues through dividend yields. Market analysts note that this consistent dividend policy reinforces PV GAS’s reputation as a premier blue-chip defensive stock, highly sought after by institutional investors prioritizing steady cash returns.

Stock Dividend Expansions: VPBank Targets Milestone Capital Milestone

Shifting focus to equity-based distributions, Vietnam Prosperity Joint Stock Commercial Bank (VPBank, HoSE: VPB) has officially announced September 25 as the final registration date for shareholders to receive stock dividends, with the corresponding ex-dividend date set for September 24.

VPBank’s board has structured a stock dividend issuance rate of 26.04%. The capital required to execute this massive equity expansion will be drawn directly from the bank’s cumulative investment development funds, charter capital supplementation reserves, and share premium accounts. The total par value of the issued shares exceeds 20,600 billion VND. Through this monumental corporate maneuver, VPBank’s charter capital is projected to surge dramatically from 79,339 billion VND to an even 100,000 billion VND.

This initiative represents the inaugural share issuance aimed at bolstering VPBank’s charter capital under the strategic roadmap comprehensively approved during the 2026 Annual General Meeting of Shareholders. Financial experts observe that crossing the 100,000 billion VND threshold places VPBank in an elite echelon of Vietnamese commercial banks with exceptionally robust capital buffers. This enhanced capital adequacy ratio (CAR) is expected to empower the bank to aggressively expand its credit portfolio, enhance its risk management infrastructure, and fortify its competitive positioning in the highly dynamic retail and corporate banking segments.

Hybrid Approaches: Transimex Balances Cash and Equity

Illustrating the trend of hybrid corporate returns, Transimex Corporation (HoSE: TMS) has scheduled its shareholder registry closure for September 28, corresponding to an ex-dividend date of September 25, to execute a dual-form dividend payout covering the 2025 financial year through both cash and stock.

Specifically, Transimex will disburse a cash dividend at a rate of 5%, meaning shareholders holding one share will receive 500 VND. With over 172.7 million shares currently active in the market, the enterprise anticipates a total cash expenditure of nearly 86.4 billion VND, scheduled for settlement on October 9, 2026.

Simultaneously, Transimex plans to issue nearly 12.1 million shares to pay stock dividends at a ratio of 100:7. Under this formula, investors owning 100 shares will receive 7 new shares. Any fractional shares resulting from the calculation will be rounded down to the nearest whole unit and systematically canceled. The total par value of this share issuance is valued at nearly 121 billion VND, utilizing undistributed post-tax profits extracted from the audited 2025 consolidated financial statements. Upon successful completion of this dual distribution, Transimex’s charter capital will expand from over 1,727 billion VND to more than 1,848 billion VND, signaling steady, organic growth within the logistics and supply chain sector.

Broad Market Implications and Expert Analysis

Beyond these headline-grabbing names, a multitude of other publicly traded companies are slated to finalize their shareholder lists over the coming week. Depending on individual corporate performance metrics and strategic pathways, payout rates across these secondary market players range widely from 1% to 20%, distributed via cash, stock, or hybrid frameworks.

Market strategists emphasize that the concentration of these corporate actions during late September serves as an important psychological booster for the broader stock market. Cash dividends inject direct liquidity back into investor accounts, which frequently finds its way back into market reinvestment, while stock dividends reward long-term investors by expanding their equity footprint. However, analysts also remind retail investors to account for the technical price adjustments that occur on ex-dividend dates—where stock prices are systematically adjusted downward to reflect the distributed value—ensuring a balanced perspective on short-term price movements versus long-term portfolio accumulation strategies.