The Most Investor-Beloved Listed Company: HDBank

On September 24, 2024, HDBank (stock code: HDB) was voted as the "Listed Company in the Large-cap Finance Sector with the Most Favorite Investor Relations Activities" according to the results announced at the IR Awards 2024 by Vietstock, the Vietnam Association of Financial Executives (VAFE), and Fili Magazine.

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HDBank has been recognized for its exemplary performance in bank management and investor relations, receiving an award alongside other prominent listed banks such as Vietinbank and MBBank. This acknowledgment highlights their effective strategies and superior results.

HDBank representative receiving the award

HDBank has stood out in the stock market over the years with impressive business results. They are among the listed companies with the highest profit growth rates in the market for 2023 and the first half of 2024. The bank’s return on equity (ROE) for the first half of this year reached an impressive 26.1%, leading the industry. HDBank also maintains a high and stable dividend policy, with a dividend of 30% in 2023, including cash and stock. The General Meeting of Shareholders in 2024 approved a dividend plan for 2024 (to be implemented in 2025) of up to 30%, with a maximum cash dividend of 15%. The bank’s market capitalization has surpassed 78 trillion VND, ranking among the top businesses in the VN30 and VNDiamond baskets.

Out of 708 listed companies on HOSE and HNX, HDBank has made its way into the shortlist, affirming its capabilities through a well-executed and strategic approach to investor relations (IR). The bank’s relentless efforts in adopting international standards for corporate governance and ensuring transparency and safety in operations have helped the capital market understand HDBank’s intrinsic value, thereby maximizing shareholder benefits.

HDBank places significant emphasis on IR activities and frequently organizes open dialogues with domestic and foreign investors, including the participation of senior leaders. The bank has utilized modern technology to facilitate investor contributions. IR activities are also a core part of HDBank’s ESG (Environmental, Social, and Governance) strategy, aiming for international standards and creating sustainable value for shareholders.

By developing IR activities with an ESG focus, HDBank has gained the trust of domestic and international investors. Speaking at the bank’s Annual General Meeting of Shareholders earlier this year, Ms. Fernanda Lima, representing LeapFrog Investments (UK), shared that the fund has actively accompanied HDBank in implementing programs and plans, such as developing ESG and providing credit for female clients. In 2024, LeapFrog committed to continuing its partnership with HDBank, especially in investing in green growth, agriculture and rural areas, female-owned enterprises, and community activities.

Also, at the meeting, Mr. Juenemann Marc Oliver, representing the German Development Finance Institution DEG, shared that DEG has been investing in HDBank since 2020. With a particular focus on ESG and governance issues, HDBank has created value for its shareholders and strengthened its organization. This focus has been central to DEG’s support and partnership with the bank, as well as their endorsement of HDBank’s strong initiatives for the future.

The recognition and appreciation of foreign investment funds such as IFC, Proparco, PYN, Affinity, DEG, and LeapFrog testify to HDBank’s established position in the international market. It also opens up strategic cooperation opportunities, ensuring the bank’s robust development in the future.

Prior to this award, HDBank has consistently received accolades from the State Securities Commission, Stock Exchange organizations, and reputable institutions. They have been honored with awards such as “Large-cap Listed Company with the Best Annual General Meeting of Shareholders” and “Listed Company with the Best Annual Report.” Additionally, HDBank’s Board of Directors was recognized as the “Board of the Year 2024” by the Vietnam Institute of Directors (VIOD)

Information about IR Awards 2024:

The IR Awards is an annual program launched in 2011 to honor listed companies with outstanding investor relations practices. Organized by Vietstock, the Vietnam Association of Financial Executives (VAFE), and the Electronic Financial and Life Magazine (FiLi), the program aims to raise awareness about the importance of IR and enhance information transparency in the stock market.

Now in its 14th edition, the IR Awards has become a trusted event that encourages excellence in IR practices among listed companies. This year, the program included the publication of the IR Awards 2024 Magazine, a comprehensive survey of information disclosure practices of 708 listed companies, and a quantitative assessment of corporate governance and IR.

The IR Awards Ceremony is the most anticipated moment of the year, attended by senior leaders and reputable organizations. Notably, Mr. Pham Quy Trong, Deputy Head of the Southern Region Permanent Office of the Central Propaganda Committee, and Mr. Le Nhi Nang, Head of the Ho Chi Minh City Office of the State Securities Commission, graced the event with their presence, along with representatives from the Ho Chi Minh City Stock Exchange, members of the Judging Council, and other distinguished enterprises. The presence of numerous press agencies further elevated the event’s stature and prestige.

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