VIMC (MVN) allowed to pay stock dividend to increase charter capital

VIMC (MVN) allowed to pay stock dividend to increase charter capital

The resolution will take effect on December 25.

A vessel preparing to berth at the shared quay linking Cái Mép International Terminal and Tân Cảng–Cái Mép Thị Vải Terminal. — Photo vimc.co

The Government has approved a plan for Vietnam Maritime Corporation (VIMC) to pay dividends in shares from its undistributed after-tax profits for the 2024 financial year, allowing the State-owned company to increase its charter capital.

Under Resolution 46/2026/NQ-CP, signed by Deputy Prime Minister Nguyễn Văn Thắng on behalf of the Government on November 10, VIMC is permitted to distribute stock dividends from its undistributed profits after tax for 2024, after making the required allocations to funds in accordance with regulations.

The stock dividend distribution must comply with the laws on enterprises and securities, the resolution noted.

The Government assigned the Ministry of Finance (MoF) to exercise the rights and responsibilities of the State capital representative agency at VIMC in accordance with regulations governing the management and investment of State capital in enterprises. 

Additional State capital investment in the corporation will also be monitored and supervised by the ministry.

The MoF is responsible for directing the group of State capital representatives at VIMC to implement the stock dividend plan and increase the company's charter capital.

This implementation must ensure efficiency and proper use of the additional capital, while supporting VIMC's objectives of modernising port infrastructure, promoting digital and green transformation and strengthening its international competitiveness.

The resolution will take effect on December 25. 

Bizhub