Bamboo Capital Group ranked among Vietnam’s Top 100 private enterprises

With significant effort in business activities and contributions to the State budget, the Bamboo Capital Group Joint Stock Company (HoSE: BCG) secured 67th position in the PRIVATE 100 rankings, which lists the top 100 private enterprises with the largest contributions to Vietnam’s State budget, released on August 15 by CafeF, a reputable economic, financial, and stock market news channel.

PRIVATE 100 is compiled based on actual payment data for the financial year (12 months) ending between June 30, 2023, and March 31, 2024. The ranking aims to recognize the vital role of the private sector in the economy, honoring and spreading a spirit of social service among enterprises.

To rank 67th in the PRIVATE 100, BCG posted revenue of VND4.011 trillion ($160.46 million) and contributed VND414.2 billion ($16.57 million) to the State budget in the 2023 fiscal year. The Industrial and Transport Development Investment Corporation (Tracodi, HoSE: TCD), a member of BCG, also contributed VND178.3 billion ($7.13 million) to the 2023 budget.

Among the PRIVATE 100 are other leading private groups and enterprises in Vietnam, such as Vingroup, THACO, Hoa Phat, Techcombank, and the Masan Group. Figures show that enterprises in the PRIVATE 100 collectively contributed nearly VND173 trillion ($6.92 billion) to the State budget in 2023.

PRIVATE 100 consists of a general list that includes all private enterprises with contributions exceeding VND100 billion ($4.1 million) and a Top 100 leading enterprises list (Private 100: Leading Group). In the Top 100, if a group has both parent and subsidiary companies meeting the criteria, only the parent company is ranked.

BCG is a multi-sectoral group founded in 2011, operating in key areas such as Renewable Energy, Real Estate, Construction - Infrastructure, Financial Services - Insurance, and Manufacturing - Pharmaceuticals. Its ecosystem currently includes around 50 member and affiliated companies. Key members, such as BCG Energy (UPCoM: BGE), BCG Land (UPCoM: BCR), Tracodi (HoSE: TCD), AAA Insurance, Nguyen Hoang, and Tipharco (HNX: DTG), are all reputable enterprises that have established a presence in the market.

BCG plans to post revenue of VND6.102 billion ($244.1 million) in 2024 and net profit of VND951.7 billion ($38.1 million), increases of 152 per cent and 556 per cent, respectively, compared to 2023. In the first half of this year, it posted revenue of VND2.1 billion ($84 million) and net profit of VND416.8 billion ($16.7 million), up 16 per cent and 137 per cent, respectively, compared to the same period of last year. The group’s leadership expressed confidence that it will meet its 2024 business plan and continue to make positive contributions to the State budget, as the latter half of the year will be the profit peak for many key projects.

In addition to its financial contributions, BCG is also a pioneer in developing clean energy and actively supports Vietnam’s net-zero goals. Through BCG Energy, the group is operating about 600 MW of solar power and is currently implementing several large-scale wind power and waste-to-energy projects around Vietnam.

BCG pursues a sustainable development strategy and strictly adheres to environmental, social, governance (ESG) standards. Throughout its more than 12 years of development, it has consistently accompanied the community, regularly organizing charitable activities nationwide and developing infrastructure in localities where the group’s projects are being implemented.

These economic and social contributions have helped the Bamboo Capital Group repeatedly appear in the VNR500 Ranking - the Top 500 largest enterprises in Vietnam - and Asia’s Excellent Enterprises. In early August, it was awarded a Top 50 Sustainable Development Enterprises Award for its outstanding corporate social responsibility (CSR) activities.