digitalbinosTop Dividend Stocks in Vietnam: A Strategy for Income Investors
Vietnam’s stock market has been growing rapidly over the past decade, attracting both domestic and foreign investors. While many chase high-growth opportunities, dividend investing has quietly become a smart strategy for those seeking stable, long-term returns. With an improving economy, solid corporate profits, and government initiatives to support financial markets, Vietnam offers a fertile environment for income investors looking for top dividend stocks.
In this blog, we’ll explore why dividend stocks are attractive in Vietnam, highlight some of the best dividend-paying companies, and share strategies to maximize returns.
📈 Why Focus on Dividend Stocks in Vietnam?
There are several compelling reasons for targeting dividend-paying stocks in Vietnam:
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Steady Cash Flow: Regular dividends provide consistent income regardless of market volatility.
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Company Stability: Companies paying dividends are typically more mature and financially healthy.
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Growing Market: Vietnam’s economy is projected to grow by 6-6.5% in 2025 (World Bank).
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Favorable Demographics: A young, expanding workforce boosts consumption and business profits.
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Attractive Yields: Dividend yields in Vietnam are often higher than those in developed markets.
Plus, the Vietnamese government is encouraging more transparency and corporate governance, making the market increasingly attractive to global investors.
🏆 Top Dividend Stocks in Vietnam (2025 Picks)
1. Vinamilk (VNM)
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Sector: Consumer Goods (Dairy)
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Dividend Yield: ~6-7%
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Overview: As one of the largest dairy companies in Vietnam, Vinamilk has a strong brand reputation, consistent revenue growth, and an excellent track record of dividend payments. It’s considered a “blue-chip” dividend stock (Vinamilk Official Site).
2. PetroVietnam Gas (GAS)
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Sector: Energy
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Dividend Yield: ~5-6%
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Overview: PV Gas is the country’s leading gas distributor. Backed by government ownership and steady cash flows from Vietnam’s energy demand, it remains a solid dividend payer (PV Gas Official Site).
3. FPT Corporation (FPT)
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Sector: Information Technology
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Dividend Yield: ~3-4%
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Overview: Vietnam’s largest IT services and telecom company, FPT Corporation not only delivers growth but also shares profits with investors through dividends and bonus shares (FPT Official Site).
4. Vietcombank (VCB)
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Sector: Banking
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Dividend Yield: ~2.5-3%
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Overview: While banks typically offer lower yields compared to utilities, Vietcombank’s position as one of Vietnam’s largest and safest banks makes it a reliable dividend player (Vietcombank Official Site).
5. REE Corporation (REE)
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Sector: Utilities and Real Estate
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Dividend Yield: ~7%
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Overview: REE invests in power, water utilities, and real estate. With diversified income streams and regular payouts, it is one of the hidden gems for dividend-focused investors (REE Corporation Official Site).
🧠 How to Build a Dividend Portfolio in Vietnam
If you’re looking to invest in Vietnam’s dividend stocks, here are some strategies to consider:
1. Focus on Stability Over High Yields
It’s tempting to chase the highest yield, but sometimes high yields signal financial distress. Instead, prioritize companies with:
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Stable cash flows
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Low debt ratios
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Consistent dividend history
Tip: Look for companies listed in Vietnam’s VN30 Index, which tracks the top 30 largest and most liquid stocks.
2. Diversify Across Sectors
Don’t put all your eggs in one basket. Include companies from various sectors like:
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Consumer goods (Vinamilk)
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Energy (PV Gas)
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Banking (Vietcombank)
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IT (FPT)
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Utilities (REE)
This spreads risk and improves the resilience of your portfolio during sector-specific downturns.
3. Understand Dividend Policies
Vietnamese companies often pay dividends either in cash or bonus shares (stock dividends). Some investors prefer cash for income, while others like bonus shares for long-term capital appreciation.
Example: FPT frequently issues bonus shares to reward shareholders (FPT Newsroom).
4. Be Mindful of Taxation
Vietnam imposes a 5% withholding tax on dividends paid to foreign investors. Plan your returns accordingly to ensure the post-tax yield aligns with your expectations (Vietnam Briefing).
5. Stay Updated on Macroeconomic Trends
Macroeconomic factors like inflation, currency fluctuations, and government policy changes can impact dividend stocks. Always monitor:
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Vietnam Dong (VND) stability
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Interest rates
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Economic growth reports (General Statistics Office of Vietnam)
🔥 Why Now Is a Great Time to Invest
Vietnam is in a “sweet spot” for dividend investing:
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Companies are reporting stronger earnings post-pandemic.
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Foreign investment is pouring in as manufacturers diversify from China.
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Domestic consumption is booming.
All these factors create a fertile environment for dividend-paying companies to not only survive but thrive—and reward shareholders generously.
📌 Conclusion
For income-focused investors, Vietnam’s stock market offers a compelling mix of high yields, stable companies, and growth potential. Companies like Vinamilk, PV Gas, FPT, Vietcombank, and REE Corporation are excellent starting points for building a diversified, income-generating portfolio.
With smart sector diversification, attention to fundamentals, and an eye on macro trends, investors can tap into Vietnam’s growth story while enjoying steady dividend income.
Thinking of getting started? Always partner with a trusted brokerage that understands Vietnam’s market dynamics—and consider working with a local Vietnam agent to help navigate regulatory hurdles.
Further Reading: