VNSteel Proposes 5% Interim Cash Dividend

Vietnam Steel Corporation – JSC (VNSteel, stock code TVN) plans to seek shareholders’ written opinions on an interim cash dividend for 2026. The proposed rate is 5%, or VND 500 per share. Based on 678 million shares outstanding, the estimated payout is VND 339 billion.

The company plans to set December 1, 2026, as the record date for shareholders participating in the consultation and to conduct it in writing at its Hanoi headquarters from December 8 to 18. The proposed dividend remains subject to shareholder consideration. On October 22, 2026, the company paid a 3% dividend for 2025, totaling VND 203.4 billion; the State Capital Investment Corporation (SCIC), which holds a 93.93% stake, received approximately VND 191 billion.

Photo courtesy of VNSteel.（VietVance）

In the third quarter of 2026, VNSteel recorded consolidated revenue of nearly VND 14.4425 trillion, up 48% year on year, and after-tax profit of nearly VND 1.163 trillion, more than 7.6 times the year-earlier level. The profit increase was mainly driven by nearly VND 1.049 trillion in gains from the sale and liquidation of investments, with no such gains recorded a year earlier. The gains came from the company’s sale of its entire 46.85% stake in Công ty TNHH Khoáng sản và Luyện kim Việt Trung (VTM) for nearly VND 1.049 trillion.

In the first nine months of 2026, VNSteel recorded revenue of more than VND 40.758 trillion, up 28.4% year on year; pre-tax profit of more than VND 1.931 trillion, over 3.3 times the year-earlier level; and after-tax profit of VND 1.815 trillion, nearly 3.5 times the year-earlier level. The company’s 2026 target for consolidated pre-tax profit is VND 660 billion, and its nine-month result exceeded the full-year target by 192.5%.

Source: VietVance