In the post-pandemic era, companies are offering incentives to shareholders to attend their annual general meetings. These incentives include money, food, and massage machines. For example, Ms. Huyen Cham of Saigon Commercial Bank for Industry and Trade received 600,000 VND for a half-hour meeting, which she found comforting.
While some companies are spending billions on gifts for shareholders, others are opting for online shareholder meetings to save costs. This strategy is being adopted by Vinamilk, Mobile World, and Hoa Binh Group, which have seen reduced revenue and profits due to the impact of the pandemic.
According to an economic expert in Ho Chi Minh City, giving gifts to shareholders helps generate excitement and improve the perception of the business among investors. This trend has been seen as a way to engage shareholders in the annual general meeting and potentially encourage them to stay invested longer in the company.
Despite difficult market conditions in the first few months of the year, there is optimism for recovery in the later part of the year. Many companies are hopeful that the market will warm up again in the third quarter, leading to increased business activity and improved financial performance.