Asian Dividend Gems: Vedan International Holdings (Largest MSG Producer in Vietnam)

• Vedan International is the dominant producer of MSG in Vietnam. Vedan holds approximately a 55% share of the Vietnamese MSG market.

• Vedan provides high dividend yield. Its current dividend yield is estimated to be 10.1%. Its dividend yield averaged 11.8% from 2023 to 2025.

• The company’s gross margin and operating margins have been improving in the past three years. Operating margin recovered from a negative -0.59% in FY2022 to 5.65% TTM.