Vietnam banks plan to pay cash dividends again

Bountiful year: Motorcyclists at a traffic light in the old quarter of Hanoi, Vietnam. Shareholders are getting paid cash dividends by some banks for the first time in three years. — Bloomberg

HANOI: Some banks in Vietnam have announced plans to pay cash dividends to shareholders for the first time in three years.

Accordingly, TPBank is due to pay a cash dividend at a rate of 25% instead of a stock dividend like in previous years. This means that shareholders will receive 2,500 dong (11 US cents or 47 sen) per owned share.