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Thursday, January 1, 2026

PET to pay nearly VND54 billion in 2024 cash dividend

The Saigon Times

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HCMC – Petrovietnam General Services Corporation (HOSE: PET) will finalize the list of shareholders eligible for its 2024 dividend on January 13, 2026.

The company will pay a cash dividend at a rate of 5%, equivalent to VND500 per share, with the payment scheduled for January 29, 2026. With more than 107.3 million shares outstanding, Petrosetco is expected to spend nearly VND53.7 billion on this dividend payment.

At a year-end review conference outlining plans for 2026, PET’s management estimated that consolidated revenue in 2025 reached VND20.6 trillion, representing 101% of the annual target and rising 8% year-on-year. Profit before tax was put at VND402 billion, exceeding the plan by 32% and jumping 42% from 2024, while after-tax profit was estimated at VND322 billion, also 32% above the target.

According to the company, all four core service segments recorded positive results. Distribution services remained the key growth driver, accounting for around 82% of total revenue and more than 50% of total pre-tax profit. Other segments, including equipment supply, logistics, catering, and real estate services, maintained stable operations and growth.

Closing the trading session on December 31, PET rose 2.65% to VND34,900, with nearly 1.95 million shares traded, lifting the company’s market capitalization to about VND3.73 trillion.

Vietnam’s benchmark VN-Index closed up 17.59 points, or 1%, to 1,784.49 points, with 134 gainers and 185 decliners. Trading volume reached 704 million shares, valued at VND22.35 trillion, up 10% in volume and 8% in value compared to the previous session. Block deals accounted for 111.9 million shares worth VND3.73 trillion.

Large-cap stocks extended gains, led by VHM, which surged 5.53% to VND124,000 after touching the ceiling price intraday. VIC climbed 4.05% to VND169,600, VRE added 2.59% to VND33,650, and VPL advanced 3.52% to VND94,200.

Among other notable movers, DGC rose 5.06% to VND68,500 on volume of 11.1 million shares, while VJC reversed course to gain 1.75% to VND209,000.

HDB stood out as the session’s strongest performer, jumping 6.26% to VND29,700 with nearly 44 million shares changing hands, making it the top gainer in both the VN30 basket and the banking group.

In the securities sector, decliners outnumbered advancers, though VPX rose 4.2% to VND29,800 and TVS gained 3.44% to VND16,550.

Liquidity was strongest in SHB and HDB, with respective trading volumes of 52.6 million and 44 million shares, followed by CII, MBB, and VPB.

Meanwhile, the HNX posted a weaker performance in its final session of the year. The HNX-Index slipped 1.73 points, or 0.69%, to 248.77 points, with 62 stocks advancing and 75 declining. Trading volume fell 37.5% from the previous session to 59.2 million shares worth VND1.3 trillion.

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