Amid the post-pandemic era, companies are employing various tactics to entice shareholders to attend their annual general meetings. One such tactic is offering incentives such as cash, food, and massage machines. For example, Ms. Huyen Cham, a shareholder of Saigon Commercial Bank for Industry and Trade, was rewarded with 600,000 VND after a half-hour meeting, which she found comforting.
While many businesses are splurging on gifts for their shareholders, others have opted for online shareholder meetings to cut costs. Companies like Vinamilk, Mobile World, and Hoa Binh Group have adopted this strategy due to reduced revenue and profits caused by the pandemic’s impact.
According to an economic expert in Ho Chi Minh City, presenting gifts to shareholders can help generate excitement and enhance the perception of the business among investors. This trend has been seen as a way to engage shareholders during annual general meetings and potentially encourage them to remain invested in the company for longer periods.
Despite the challenging market conditions experienced by many businesses 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.