VEF closes the list of dividend payments at a rate of 330%

VHO - Vietnam Exhibition Fair Center Joint Stock Company (VEFAC, stock code: VEF) has just announced that on October 23, it will close the list of shareholders to pay cash dividends of up to 330%, equivalent to 33,000 VND/share.

VEFAC also strengthened its leadership apparatus. Illustrative photo

With more than 166.6 million shares in circulation, VEFAC will spend nearly VND5,500 billion to pay this interim dividend. The payment source comes from accumulated profits of more than VND10,350 billion as of June 30, 2025, which have been audited by Ernst & Young Vietnam Co., Ltd. Payment date is November 12.

Of which, Vingroup Corporation (VIC), the parent shareholder owning 83.32% of VEF capital, is expected to receive about VND 4,580 billion from this payment.

This interim dividend payment plan was approved by VEF shareholders through written voting, ending on September 29.

Previously, in July 2025, VEFAC completed 2 cash dividend payments with a total rate of 435% (equivalent to 43,500 VND/share), including 2024 dividend at a rate of 135% and 1st quarter 2025 interim dividend at a rate of 300%. The total value of VEFAC's dividend payments is approximately 7,200 billion VND.

Not only did VEFAC “spend lavishly” on dividends, it also consolidated its leadership. According to the vote counting minutes, shareholders unanimously elected Mr. Do Quang Minh (born in 1991) – Deputy General Director of the Company – to the Board of Directors for the 2025–2030 term. After this change, the Board of Directors will consist of 5 members, with Mr. Tran Le Phuong continuing to hold the position of Chairman.

Notably, VEFAC also approved the addition of many new business lines such as passenger transport, services, retail and personal care, to diversify its activities besides the traditional field of organizing fairs and exhibitions.

Regarding business performance, in the first 6 months of 2025, VEFAC recorded revenue of VND 44,565 billion, a sharp increase over the same period of only VND 516 million. After deducting expenses and taxes, the company's after-tax profit reached VND 15,250 billion, an increase of 8,383%.

Source: https://baovanhoa.vn/kinh-te/vef-chot-danh-sach-tra-co-tuc-ti-le-330-175402.html