Viglacera to Distribute Nearly One Trillion VND in Dividends, Launching Over 900 Affordable Housing Units in Hanoi

Viglacera Corporation - JSC (HOSE: VGC) has announced the closure of its shareholder registry for the 2024 cash dividend distribution. Shareholders will receive a 22% dividend payout, equivalent to VND 2,200 per share.

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Viglacera has announced that the ex-dividend date is November 11, with the dividend payment scheduled for December 5, 2025.

With over 448.3 million outstanding shares, VGC will allocate more than 986 billion VND to complete the 2024 dividend distribution. The company also plans to maintain a 22% dividend payout ratio for 2025.

As of late September, the largest shareholder of VGC is Gelex Infrastructure JSC (GICC), holding a 50.21% stake, which equates to receiving over 495 billion VND in dividends. Another major shareholder is the Ministry of Construction, holding 38.58% of the capital, corresponding to nearly 381 billion VND.

Viglacera’s dividend announcement comes amid a 55% year-on-year decline in Q3 net profit, totaling over 92 billion VND. The company attributes this decrease to seasonal business fluctuations and adverse weather conditions, including heavy rainfall and storms.

Despite the Q3 setback, Viglacera’s nine-month performance remains robust. Net revenue reached over 9,337 billion VND, a 14% increase year-on-year. Pre-tax profit was nearly 1,322 billion VND, and net profit stood at 851 billion VND, up 45% and 49%, respectively. Compared to the 2025 targets of 14,437 billion VND in consolidated revenue and 1,743 billion VND in pre-tax profit, Viglacera has achieved 65% and 76% of these goals after three quarters.

Viglacera’s Q3 profit drops 55% due to heavy rains

Launching over 900 social housing units

In other developments, on October 24, VGC announced the commencement of registration for the purchase, rental, and rent-to-own of social housing units at the CT3 building within the social housing project located in the CT3 and CT4 plots of the new Kim Chung urban area, Kim Chung commune, Dong Anh district (now Thien Loc commune, Hanoi). This marks the first phase of the project.

The project spans nearly 3.7 hectares, with the CT3 plot covering over 2.4 hectares. The CT3 building consists of three towers ranging from 9 to 12 stories, accommodating over 3,900 residents and featuring approximately 1,104 units, including 929 social housing units. Handover of the units is expected in Q4/2026.

Specifically, 589 social housing units are available for sale, 212 for rent, 128 for rent-to-own, and 175 commercial units for sale. The registration period for purchase, rental, and rent-to-own applications runs from November 17, 2025, to January 3, 2026.

The provisional sale price for social housing units is 18.4 million VND/m², the rental rate is 91,700 VND/m²/month, and the rent-to-own rate is approximately 313,000 VND/m²/month (inclusive of VAT and maintenance fees).

Thanh Tú

– 09:15 30/10/2025

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