Hanoi (VNA) - Many companies have declared over hundreds of billions of Vietnamese dong to pay dividends in the൲ next two mont𒅌hs.

PetroVietnam Fertilizer & Chemicals Corp (DPM) is the biggest spender. It planned to spend 950 billion VND (42.4 million USD) to make the first 2015 dividend payment at the rate of 25 percent in form of cash, the company announced recently. The fertiliser producer posted a net profit of almost 1.2 trillion VND (53.3 million USD) in the first nine months of this year, a rise of 25.5 percent year-on-year. Big payers also include two largest companies by market capitalisation on the HCM Stock Exchange, steelmaker Hoa Sen Group (HSG) and seafood exporter Hung Vuong Corp (HVG). Hung Vuong Corp will issue 37.84 million shares worth 378.4 billion VND (16.9 million USD) to pay dividend of this year at the rate of 20 percent. Its nine-month earnings were not positive, however, when the net profit reached just 64.4 billion VND (2.9 million USD), down 81.3 percent from the same period of last year. Meanwhile, Hoa Sen Group plans an additional issue of 30.2 million shares worth 302 billion VND (13.5 million USD) to pay the second tranche of the 2013-2014 dividend, equivalent to a 30-per-cent rate. The first tranche of the dividend pay-out was made in July at a rate of 10 percent. Steelmaker Hoa Sen Group (HSG), one of the top 30 companies by market capitalisation on the HCM Stock Exchange, is the biggest spender. The group plans to issue 30.2 million shares worth 302 billion VND (13.5 million USD) to pay the second tranche of the 2013-14 dividend, equivalent to a 30-per-cent rate. The first tranche of the dividend pay-out was made in July at a rate of 10 percent. After this issuance, its charter capital will increase from over 1 trillion VND (44.6 million USD) to 1.31 trillion VND (58.5 million USD). Hoa Sen Group's fiscal year begins on October 1 and ends on September 30 in the following year. For the 2013-14 fiscal year, it reported a net profit of 410.3 billion VND (18.3 million USD) and the cumulative amount of undistributed profits reached 979 billion VND (43.7 million USD). Rubber companies are also generous payers. Da Nang Rubber Co (DRC) is planning a 15-per-cent cash dividend scheme worth 137 billion VND (6.1 million USD) by the end of this year and Phuoc Hoa Rubber Co (PHR) will spend about 110 billion VND (4.9 million USD) to pay shareholders a dividend rate of 15 percent, expected on December 16. However, their business results are mixed. Da Nang Rubber earned 370 billion VND (16.5 million USD) in after-tax profit in the first nine months of this year, up 16 percent year-on-year, while earnings of Phuoc Hoa Rubber declined 53 percent to just 70 billion VND (3.1 million USD) ending September. Tien Phong Plastic Co (NTP), one of the top 10 biggest firms on the Hanoi Stock Exchange, will also set aside 93 billion VND (4.1 million USD) to pay the first stage of the 2015 dividend at the rate of 15 percent. The pay-out will probably be made in January 2016. The plastic company posted positive earnings in the third quarter with a net profit of 85.8 billion VND (3.8 million USD), up 22 percent year-on-year. Ending September, it collected 250 billion VND (11.2 million USD) in net profit while the cumulative undistributed profits by September 30 reached 332 billion VND (14.8 million USD). Other companies have declared a smaller dividend payment, ranging between 60 billion VND (2.7 million USD) and 87 billion VND (3.9 million USD), such as Binh Chanh Construction Investment Co (BCI), Bien Hoa Sugar Co (BHS), Tu Liem Urban Development Co (NTL) and An Giang Fisheries Import Export Co (AGF).-VNA