Military Bank a double winner at IR Awards 2024
Military Commercial Joint Stock Bank has won two prestigious awards at the IR Awards 2024 for its effective and professional investor relations (IR) performance and transparent information disclosure.
At the IR Awards 2024 ceremony held on Tuesday in Ho Chi Minh City, Military Bank (MB) was granted two awards: Financial Large Cap Individual Investors' Best Choice and Financial Large Cap Financial Institutions' Best Assessment.
“This is a testament to MB’s efforts to continuously improve investor relations and develop IR activities professionally and effectively on the basis of full compliance with the laws, and promote the application of good common practices close to international standards,” said Dam Nhan Duc, chief economist at the Hanoi-based bank.
Winning double awards at the IR Awards 2024 is also a motivation for MB to achieve its goals as the bank’s 30th establisment anniversary (November 4, 1994-November 4, 2024) is drawing near and actualize its vision until 2026 of becoming not only a digital bank but also a leading digital company.
In the period 2023-2024, MB has deployed IR activities synchronously and diversely. The bank has attended many annual events organized by leading securities companies at home and abroad such as the Vietnam Access Day 2023 and 2024 (Vietcap); Emerging Vietnam 2023 and 2024 (HSC); Vietnam Corporate Day 2023 and 2024; Asean Corporate Day 2023 (in Singapore); and Asean Corporate Day 2024 (in Malaysia) (Maybank). Each event brought together hundreds of domestic and foreign investment funds.
MB has organized quarterly Investor Meetings (Analyst Meetings) after releasing its financial statements, with the participation of hundreds of domestic and foreign investment funds that are shareholders of MB and other potential institutional investors.
It has also conducted one-on-one meetings with investment funds at the bank’s headquarters or online meetings at the request of investment funds.
The bank, listed on the Ho Chi Minh Stock Exchange as MBB, organizes an annual average of 50-60 meetings with investment funds and leading securities companies in the market like Vietcap, HSC, SSI, and Maybank.
MB regularly answers questions from investors at its events and general meetings of shareholders as well as questions sent via email and phone.
IR Awards is a program to honor listed businesses with the best IR performance. These businesses have good information disclosure, good strategic governance and good financial communication, contributing to raising stock prices to be commensurate with the corporate value.
The events, co-organized by Vietstock in collaboration with the Vietnam Association of Financial Executives (VAFE) and FiLi Magazine, have taken place annually since 2011.
- Read More
Korea’s SK Group to survey central Vietnam for gas-fired power plant
South Korea’s chaebol SK Group aims to survey Nam Van Phong, an economic hub within Vietnam’s central coastal province of Khanh Hoa, to build a gas-fired power plant.
Energy - Tue, September 24, 2024 | 7:15 pm GMT+7
Tasco, China’ Geely form JV for vehicle assembly, distribution in Vietnam
Hanoi-based Tasco Joint Stock Company (Tasco) and Geely Auto Group (Geely), a top 10 global auto manufacturer, have signed a joint venture agreement for the manufacturing and assembly of automobiles in Vietnam.
Companies - Tue, September 24, 2024 | 6:51 pm GMT+7
Real housing demand lends stability to Vietnam property market: Indochina Capital exec
Vietnam’s real estate market is showing signs of sustainability and stability with strong demand for homes from people with real needs, says Michael Piro, CEO of Indochina Capital.
Real Estate - Tue, September 24, 2024 | 4:58 pm GMT+7
PV Gas marks 34th anniversary with ‘daring’ commitment to green, sustainable growth
PetroVietnam Gas Joint Stock Corporation (PV Gas) has reaffirmed its “Dare to think, dare to act” motto as it navigates a challenging transitional period that also presents growth opportunities.
Companies - Tue, September 24, 2024 | 4:20 pm GMT+7
Equinor quits Vietnam per global trend, may return later: EuroCham
Norwegian energy major Equinor’s recent decision to not proceed with offshore wind business development activities in Vietnam is in line with challenges in the global market, a representative of the European Chamber of Commerce (EuroCham) in Vietnam has said.
Companies - Tue, September 24, 2024 | 3:50 pm GMT+7
HCMC exhibition showcases 8,000 green tech products, highlights sustainable growth
Around 200 enterprises are displaying nearly 8,000 green technology products in about 300 booths at the 2024 Green Growth Show (GRECO 2024) held in Ho Chi Minh City until Wednesday (September 25).
Economy - Tue, September 24, 2024 | 2:03 pm GMT+7
Vietnam considers 20% offtake from self-use rooftop solar power installations
Vietnam may allow excess rooftop solar power to be connected to the national grid at no more than 20% of installed capacity, says a much expected government decree being finalized by the Ministry of Industry and Trade (MoIT).
Energy - Tue, September 24, 2024 | 1:57 pm GMT+7
Vietjet, Honeywell strike $1.1 billion technical service agreement
Vietnam's low-cost carrier Vietjet and U.S.-based Honeywell Aerospace Technologies have entered a cooperation agreement valued at $1.1 billion to provide avionics and aviation technical services for Vietjet’s modern and fuel-efficient fleet.
Companies - Tue, September 24, 2024 | 1:47 pm GMT+7
Vietnam PTSC, US Excelerate Energy to cooperate in LNG imports into Vietnam
PTSC, the technical arm of state-owned Petrovietnam, and Texas-based liquefied natural gas (LNG) importer Excelerate Energy, will jointly study solutions for LNG imports into Vietnam.
Energy - Tue, September 24, 2024 | 10:43 am GMT+7
Denmark’s A.P. Moller Holding keen on big seaport investments in Vietnam
Copenhagen-headquartered A.P. Moller Holding is interested in constructing large-scale deep-water container ports and strategic logistics projects in Vietnam, which boasts a coastline of over 3,200 kilometers.
Infrastructure - Tue, September 24, 2024 | 10:23 am GMT+7
Finland’s Nokia, Vietnam’s Viettel to jointly deploy 5G equipment in Vietnam
Finnish giant Nokia and Vietnamese telecoms major Viettel will jointly deploy 5G equipment for the first time across Vietnam later this year, the former said on Monday.
Infrastructure - Tue, September 24, 2024 | 9:45 am GMT+7
Bosch Vietnam appoints new managing director
Andre De Jong will lead Bosch’s operations in Vietnam in addition to his current role as business unit head of Bosch Two-Wheeler and Powersports for Southeast Asia.
Companies - Tue, September 24, 2024 | 9:39 am GMT+7
CEO of Deep C Industrial Zones becomes chair of EuroCham Vietnam
Bruno Jaspaert, CEO of Deep C Industrial Zones, has been appointed chairman of the European Chamber of Commerce (EuroCham) in Vietnam.
Companies - Tue, September 24, 2024 | 8:48 am GMT+7
No excise tax on sugary drinks, urges Vietnam beer-beverage association
Citing the vital economic role that the beverage sector plays and the significant contributions it makes to the state budget, the Vietnam Beer-Alcohol-Beverage Association (VBA) has asked that no excise tax be levied on sugary drinks.
Economy - Tue, September 24, 2024 | 7:55 am GMT+7
Vietnam credit growth moves sluggishly towards annual target: central bank
Vietnam’s credit growth had reached only 7.38% as of September 17 against the end of last year, compared with the 15% target for the whole 2024, according to the State Bank of Vietnam.
Banking - Mon, September 23, 2024 | 10:55 pm GMT+7
Real estate firms in Vietnam reach final stage of restructuring
The domestic real estate market is evolving in a progressively positive direction, as evidenced by numerous businesses striving to resolve lingering issues from the previous phase.
Southeast Asia - Mon, September 23, 2024 | 8:07 pm GMT+7