Bao Viet Holdings (BVH, HoSE) will pay a cash dividend for fiscal 2025 at 8.09%, or VND 809 per share.Tin nhanh chứng khoán The ex-dividend date is November 26, the final registration date is November 27, and cash is expected to reach shareholder accounts from December 28, 2026.Tin nhanh chứng khoán With more than 742.3 million shares outstanding, the total payout is about VND 600.5 billion.CafeF
The annual general meeting of shareholders has already approved the payout.Doanh nhân & Pháp luật Meanwhile, this year's earnings are rising: consolidated net profit for the first nine months reached VND 2,698 billion, up 23.9% year on year.Tin nhanh chứng khoán The two belong to different fiscal years: the cash you receive on December 28 and the profit figure in the headlines are not the same year's money. This post walks through each date so you can see what changes in your account at every step.
November 25: the last session to buy and still qualify
Vietnam's stock market settles on a T+2 cycle. Shares bought today reach your account two business days later, and only then does the buyer appear in the shareholder register. BVH's final registration date is Friday, November 27, so anyone buying in the session on Wednesday, November 25 still makes the list. That is the last session.
From November 26, new buyers of BVH no longer have a claim to the VND 809. Sellers in the November 26 session or later still receive it, because their names remain on the list closed on November 27. The entitlement follows the register, not whether you still hold the shares on December 28.
November 26: the reference price drops by the dividend
On the ex-dividend date, the Ho Chi Minh City Stock Exchange takes the previous session's closing price and subtracts VND 809 to set the new reference price. Suppose BVH closes on November 25 exactly at the November 12 level of VND 63,400. The November 26 reference price would be VND 62,591 before rounding to the price step, so around VND 62,600.
A lower price does not mean you lost money. A holder's total wealth just changes form: part of it moves from share value into cash that arrives in late December. What really changes is tax, because the cash dividend has personal income tax withheld before it reaches your account.
Against the share price, VND 809 is small. On the November 12 close of VND 63,400, the dividend is roughly 1.28% of the price. On the November 11 level of VND 64,700,Tin nhanh chứng khoán it is about 1.25%. BVH's single-session price swings can be far larger: on November 3 the stock fell 5.88%.
November 27: the record date
November 27 is the day Bao Viet closes its shareholder list through the Vietnam Securities Depository and Clearing Corporation. Anyone on the list receives VND 809 for every share held at that point. Shares bought after that date do not carry the dividend.
December 28: cash arrives, after tax
For deposited shares, shareholders receive cash at the brokerage where the account sits. For shares not yet deposited, the paperwork is handled at Bao Viet Securities (BVSC) from December 28, 2026.FireAnt
Individuals pay 5% personal income tax on each cash dividend, withheld in advance by the paying entity. Under the 2025 Personal Income Tax Law, effective July 1, 2026, the 5% rate is retained and is not added to salary income. Take an individual investor holding 1,000 BVH shares:
- Dividend before tax: 1,000 × 809 = VND 809,000.
- 5% tax: VND 40,450.
- Net cash received on December 28: VND 768,550.
Put differently, each share nets about VND 768.55 after tax.
Which year's profit the VND 809 comes from
News coverage of this payout often sets it next to the first nine months of 2026. By Bao Viet's consolidated financial statements (covering its life, non-life, fund management and securities subsidiaries), consolidated pre-tax profit for nine months was VND 3,299 billion, up 24.3%. In the third quarter alone, consolidated net profit came to VND 834.8 billion, up 6.2% from Q3 2025.CafeF On the standalone accounts, Bao Viet earned VND 1,007 billion after tax over nine months, up 6.9%.Doanh nhân & Pháp luật
Those figures belong to fiscal 2026. The VND 809 arriving on December 28 is a share of 2025 profit, under the plan the annual shareholder meeting approved. This year's higher profit will only be discussed when Bao Viet drafts its 2026 profit distribution plan for the next annual meeting.
Looking back two years, Bao Viet paid a cash dividend for 2023 at 10.037%, about VND 1,004 per share, on December 20, 2024.Người Quan Sát The 2024 dividend was 10.551%, about VND 1,055 per share, paid from December 19, 2025.Báo Văn hóa The schedule is steady: one cash payment per fiscal year, arriving in the second half of December of the following year. The amount varies, and the VND 809 for 2025 is lower than the previous two years.
The 2025 profit that stays on the books
According to the board resolution as reported by Doanh nhân & Pháp luật, after paying dividends and setting aside the required funds, VND 684.7 billion of 2025 profit remains.Doanh nhân & Pháp luật That sum is kept to add to the pool available for dividends in future years.
Side by side, the profit Bao Viet retains (VND 684.7 billion) is larger than the amount paid out this time (about VND 600.5 billion). The retained sum is not a commitment to any particular dividend level. It is a pool the board and shareholders can draw on when they set payouts for coming years.
Who receives most of the VND 600.5 billion
Bao Viet's shareholder base is fairly concentrated. The Ministry of Finance holds 482.5 million shares, or 65% of capital, and will receive about VND 390 billion. Japan's Sumitomo Life holds more than 163.9 million shares, or 22.09%, equal to about VND 133 billion. Together these two holders own around 87% of capital; the rest is spread among other shareholders, including individual investors.
What to watch through year-end
For existing BVH holders, everything is already scheduled: no extra registration is needed, and cash lands in the brokerage account from December 28 if the shares are deposited. Anyone planning to buy BVH for this payout has until the close of the November 25 session. Buying from November 26 means the reference price has already been cut by VND 809 and the buyer gets no dividend.
The open question is how much of 2026's profit growth turns into dividend per share. The Q4 2026 financial statements and the profit distribution plan put to next year's annual meeting will answer it, and will also show whether Bao Viet draws on the retained VND 684.7 billion.