Enterprise

VEFAC Shocks Again with 330% Dividend Advance Proposal, Total Payout Nearing 5.5 Trillion VND

After distributing over VND 7.2 trillion in dividends at a rate of 435% in July, Vietnam Exhibition Fair Center Corporation (VEFAC, UPCoM: VEF) is now proposing an interim dividend payout of 330%, equivalent to nearly VND 5.5 trillion. As the majority shareholder with over 83% ownership, Vingroup stands to be the primary beneficiary.

Administrator

22 September, 2025

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The National Exhibition and Convention Center (The Grand Expo) at Vinhomes Global Gate Co Loa Dong Anh spans 90 hectares.

No Stranger to Massive Dividends

VEFAC has recently announced the second round of written shareholder feedback, highlighting a proposal for an interim cash dividend of 330%, equivalent to VND 33,000 per share.

The payout will be sourced from the accumulated profit of over VND 10,350 billion as of June 30, 2025, audited by Ernst & Young Vietnam LLC. With over 166.6 million outstanding shares, the total payout is expected to reach nearly VND 5,500 billion, accounting for more than 53% of the accumulated profit. Payment will be made within 6 months following approval at the General Meeting of Shareholders.

Previously, in July 2025, VEFAC completed two cash dividend payments totaling 435%, or VND 43,500 per share, valued at over VND 7,200 billion. This included a 135% dividend for 2024 and a 300% interim dividend for Q1/2025.

These distributions primarily benefit Vingroup (HOSE: VIC), the parent shareholder holding 83.32% of VEFAC, followed by the Ministry of Culture, Sports, and Tourism with a 10% stake.

Board of Directors Expansion

In addition to dividend matters, the latest feedback document includes a proposal to elect Mr. Do Quang Minh, born in 1991 and currently Deputy General Director of VEFAC, to the Board of Directors for the 2025-2030 term. The Board currently consists of 4 members, chaired by Mr. Tran Le Phuong.

The company also plans to add new business lines related to passenger transport, services, retail, and personal care.

In the first half of 2025, VEFAC reported revenue of VND 44,565 billion and net profit of VND 15,250 billion, 89,130 times (compared to VND 516 million in the same period last year) and 85 times higher year-on-year, respectively, both record highs. These results were primarily driven by a nearly VND 14,873 billion gain in the first quarter from the partial transfer of the Vinhomes Global Gate project in Dong Anh (Hanoi).

As of the end of Q2, VEFAC’s total assets decreased by 65% year-to-date to VND 40,136 billion. Inventory also dropped by 83% to nearly VND 3,796 billion.

VEFAC is currently developing the Vinhomes Global Gate urban area in Dong Anh, covering over 261 hectares with a total investment of nearly VND 34,880 billion. In March 2025, the Hanoi People’s Committee approved VEFAC’s transfer of 75 hectares of residential and commercial land within the project to New Era T&T Company.

On the stock market, VEF closed at VND 175,000 per share on September 22, with a market capitalization of nearly VND 29,000 billion. The stock price has risen nearly 9% in the past month but remains down 7% year-on-year, with average liquidity of around 15,000 shares per day.

VEF Stock Price Performance Over the Past Year

The Manh

– 15:28 22/09/2025