“HDBank: Celebrating Excellence in Investor Relations”

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

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Together with other listed banks such as Vietinbank and MBBank, this award recognizes the right direction in HDBank’s management strategy and superior performance in investor relations.

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

Surpassing 708 listed companies on HOSE and HNX to be nominated, HDBank has affirmed its capabilities through a systematic and strategic approach to investor relations (IR). The bank’s continuous efforts in adopting international standards of corporate governance, ensuring transparency and safety in operations, have helped the capital market understand HDBank’s intrinsic value, while maximizing shareholder returns.

Emphasizing IR, HDBank regularly organizes open dialogues with domestic and foreign investors, with the participation of senior leaders. The bank has applied modern technology to facilitate investors’ contributions. IR activities are also a core part of HDBank’s ESG (Environmental, Social, and Governance) strategy, aiming for international standards and building sustainable value for shareholders.

By developing IR activities with an ESG focus, HDBank has not only gained the trust of domestic investors but also attracted international capital. Speaking at the Annual General Meeting of HDBank 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 ESG development and credit programs for female clients. In 2024, LeapFrog committed to continue accompanying 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 DEG (a development finance institution of KFW, the German Development Bank), shared that DEG has invested in HDBank since 2020. With a particular focus on ESG and governance issues, these have been key to HDBank creating value for shareholders and strengthening the organization. This is also the focus of this investment fund’s support and accompaniment of HDBank, as well as its endorsement of strong initiatives for the future, as demonstrated by HDBank.

The recognition and appreciation from foreign investment funds such as IFC, Proparco, PYN, Afinity, DEG, and LeapFrog are clear testaments to HDBank’s established position in the international market, while opening up strategic cooperation opportunities for the bank’s continued strong development in the future.

Prior to receiving this award, HDBank has been consistently recognized by the State Securities Commission of Vietnam, the Stock Exchange, and reputable organizations with prestigious awards such as “Best Annual General Meeting among Large-cap Listed Companies” and “Best Annual Report among Listed Companies”.. The bank’s Board of Directors was also voted as the Board of the Year 2024 by the Vietnam Institute of Directors (VIOD)

About IR Awards 2024:

IR Awards is an annual program since 2011, honoring listed companies with excellent investor relations practices. Organized by Vietstock, the Vietnam Association of Financial Executives (VAFE), and the e-magazine Finance and Life (FiLi), the program aims to raise awareness about the importance of IR and improve transparency in the stock market.

Through 14 seasons, IR Awards has become a trusted event, encouraging the best-listed companies in IR practices. At IR Awards 2024, the program included activities such as the publication of the IR Awards 2024 Magazine, a comprehensive survey on information disclosure practices of 708 listed companies, and a quantitative assessment of corporate governance and IR.

The IR Awards 14th Recognition Ceremony was the most anticipated moment of the year, with the attendance of senior leaders and reputable organizations. Notably, the event was graced by Mr. Phạm Quý Trọng, Deputy Head of the Southern Office of the Central Propaganda Committee; Mr. Lê Nhị Năng, Head of the Ho Chi Minh City Office of the State Securities Commission of Vietnam; representatives from the Ho Chi Minh City Stock Exchange, members of the Judging Council, and other distinguished enterprises. The presence of numerous media outlets further elevated the event’s stature and prestige.

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