Vietnam Exhibition Fair Center Joint Stock Company (VEFAC – stock code: VEF) has recently announced the second written resolution of the General Meeting of Shareholders (GMS).
The Board of Directors (BOD) proposes a cash dividend payout of 330% (VND 33,000 per share). The implementation is expected within six months upon GMS approval.
According to the proposal, VEFAC plans to allocate nearly VND 5.5 trillion for this dividend distribution. Vingroup (stock code: VIC), owned by billionaire Pham Nhat Vuong, is set to receive approximately VND 4.6 trillion, holding an 83.32% controlling stake.
Previously, VEFAC completed the payment of the 2024 dividend and the Q1/2025 interim dividend, totaling 435% (VND 43,500 per share) to shareholders.
Following the substantial dividend announcement, VEF shares surged over 7% to VND 176,800 per share, reaching a market capitalization of VND 29.3 trillion, despite the overall market downturn.
In the first half of 2025, VEFAC reported a revenue of VND 44,565 billion, a significant increase from VND 516 million in the same period last year. Net profit after tax reached VND 15,250 billion, an 8,383% growth year-over-year.
This remarkable performance is attributed to the partial transfer and sales of the Vinhomes Co Loa project, coupled with a substantial rise in financial revenue.
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