Dong Nai Province Authorities to Receive Nearly VND 487 Billion in Dividends from Sonadezi

The People's Committee of Dong Nai Province, holding a 99.54% stake in the Industrial Zone Development Corporation (Sonadezi, UPCoM: SNZ), is set to receive nearly VND 487 billion in dividends for 2024. This marks the largest dividend payout by Sonadezi since its UPCoM listing in 2017.

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According to the latest announcement, October 8th marks the record date for shareholders, with each share entitled to receive VND 1,300, equivalent to a 13% dividend payout ratio based on the charter capital. With a capital scale exceeding VND 3.76 trillion, Sonadezi will allocate approximately VND 490 billion from undistributed profits for this payment, scheduled for October 23rd.

Since its listing, Sonadezi has consistently paid cash dividends, maintaining a regular payout in October each year. The dividend rate has gradually increased: VND 1,000 per share in 2020 and 2021, VND 1,100 in 2022, and VND 1,200 in 2023.

For the 2025 dividend plan, shareholders have approved a 12.8% payout ratio, amounting to around VND 482 billion. The management has indicated that if annual profits exceed expectations, they may propose a higher dividend distribution.

Sonadezi has consistently paid cash dividends since 2017. Source: VietstockFinance
The 2024 dividend payment is the highest since SNZ listed

In the first half of 2025, Sonadezi recorded revenue of over VND 3.7 trillion, a nearly 30% increase year-on-year. The industrial park infrastructure segment saw a significant 73% growth, reaching nearly VND 1.6 trillion. Slower cost increases contributed to a gross profit of VND 1.8 trillion, up 44%. Including other income and profits from associates, Sonadezi’s net profit reached nearly VND 782 billion, a 43% increase, achieving 92% of the annual target halfway through the year.

Established in 1990 in Dong Nai, Sonadezi began with the Bien Hoa 2 Industrial Park and expanded to major projects like Go Dau, Chau Duc, and Giang Dien. In 2005, the company transitioned to a parent-subsidiary model and was equitized in 2016 with a charter capital of VND 3,765 billion. Currently, Sonadezi has 16 subsidiaries operating in four sectors, recognized as one of the nation’s leading industrial park infrastructure developers.

Sonadezi’s record profit in Q2

Tu Kinh

– 10:18 23/09/2025

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