After the pandemic, many businesses are choosing to attract shareholders by giving away money, food, and other gifts at their annual general meetings. This trend has become popular among companies looking to engage and reward their shareholders.
For example, at the Saigon Commercial Bank for Industry and Trade’s annual general meeting, shareholder Ms. Huyen Cham received an envelope containing 600,000 VND, which she found to be a comforting gesture. The bank spent nearly 200 million VND on gifts for the 328 shareholders in attendance.
Similarly, Military Bank (MBB) distributed envelopes containing 500,000 VND to each shareholder at their meeting, amounting to an estimated cost of 1.1 billion VND for the 2,200 attendees. Other banks like SHB and Construction Development Investment Joint Stock Corporation (DIG) also offered cash gifts to their shareholders.
In addition to cash gifts, many businesses are giving away products like rice, fish sauce, household appliances, and health care items to shareholders. PAN Group Joint Stock Company, for example, distributed gifts including rice, fish sauce, and various products to its shareholders based on the number of shares they own.
While some businesses are spending significant amounts on gifts for shareholders, others are opting for online meetings without gifts to save costs. Companies like Vinamilk, Mobile World, and Hoa Binh Group have chosen online meetings due to financial challenges in the current business environment.
Overall, giving gifts to shareholders is seen as a way to create excitement and engagement during annual general meetings. Despite the challenging business landscape in the first part of the year, many businesses are hopeful for a recovery in the coming months, which could benefit both shareholders and the companies themselves.