We attended GMD’s AGM on June 22, 2020, in Ho Chi Minh City.
Shareholders approved GMD’s 2020 business plan under two scenarios given the uncertain impact of COVID-19 and the high exposure of the company’s businesses to trade activities between Vietnam and other countries. Under the more optimistic scenario, GMD guides for 2020G revenue of VND2.2tn (USD93mn; -19% YoY) and PBT of VND500bn (USD22mn; -29% YoY). Under the less optimistic scenario, GMD guides for 2020G revenue of VND2tn (USD86mn;