Bamboo Capital Group among Vietnam’s 100 biggest private taxpayers
Bamboo Capital Group Joint Stock Company (HoSE: BCG), with relentless efforts in business and contributions to the State budget, has been named in the PRIVATE 100 list – comprising the 100 largest private taxpayers in Vietnam, with the 67th rank.
The PRIVATE 100 was announced by CafeF – a prestigious newswire of economic, financial, and stock information – for the first time on Thursday.
For the PRIVATE 100, CafeF compiled data on actual payments in the fiscal year (12 months), made between June 30, 2023 and March 31, 2024. The list aims to acknowledge the important role of the private sector in the economy and honor and spread the spirit of enterprises serving society.
Present in the PRIVATE 100 are leading private groups and enterprises in Vietnam, such as Vingroup, Thaco, Hoa Phat, Techcombank, and Masan Group. Statistics show that the PRIVATE 100 enterprises contributed nearly a combined VND173,000 billion ($6.9 billion) to the State budget in 2023.
The PRIVATE 100 features a general list of all private companies with a contribution of over VND100 billion (roughly $4 million) each and a list of the top 100 enterprises among them, called “Private 100: Leading Group.” In the Top 100, if a corporation has a parent company and a subsidiary that both qualify, only the parent company is honored.
To rank 67th in the PRIVATE 100, in fiscal year 2023, Bamboo Capital Group recorded VND4,011.6 billion ($160 million) in revenue and contributed VND414.2 billion to the State budget.
Transport and Industry Development Investment JSC (Tracodi, HoSE: TCD), a member of Bamboo Capital Group, also paid VND178.3 billion ($7.11 million) to state coffers last year.
Established in 2011, multi-industry group Bamboo Capital operates in the fields of renewable energy, real estate, construction - infrastructure, financial services – insurance, and manufacturing - pharmaceuticals. The Bamboo Capital ecosystem currently has about 50 subsidiaries and affiliates.
The group’s core member companies – BCG Energy (UPCoM: BGE), BCG Land (UPCoM: BCR), Tracodi (HoSE: TCD), AAA Insurance, Nguyen Hoang, Tipharco (HNX: DTG) – are all reputable enterprises in their respective businesses.
In 2024, Bamboo Capital Group targets to generate revenue of VND6,102.5 billion ($243.5 million) and an after-tax profit of VND951.7 billion, growing 152% and 556% compared to 2023, respectively.
In the first six months of 2024, Bamboo Capital Group recorded revenue of VND2,100.3 billion ($83.8 million) and an after-tax profit of VND416.8 billion, representing 16% and 137% increases year-on-year, respectively. The group's leadership is confident that the group will fulfill its 2024 business plan and continue to contribute greatly to the State budget since many important projects are set to outperform in earnings in the second half of the year.
In addition to its financial contributions, Bamboo Capital has been one of the pioneers in developing clean energy, actively supporting Vietnam's Net Zero commitment. Through BCG Energy, Bamboo Capital Group currently operates about 600 MW of solar power and is carrying out many large-scale wind power and waste-to-energy projects in Vietnam.
Bamboo Capital Group pursues a sustainable development strategy, is seriously committed to the environment and society, and applies advanced corporate governance standards. Over the past 12-plus years, Bamboo Capital Group has always fulfilled its social responsibilities, with charitable activities countrywide and infrastructure developments in localities where the group implemented projects.
Its economic and social contributions have enabled Bamboo Capital Group to appear in the VNR500 Ranking – the Top 500 largest enterprises in Vietnam and Corporate Excellence awards in Asia for many consecutive years. In early August 2024, Bamboo Capital Group was awarded the Top 50 Sustainable Development Enterprises thanks to its outstanding CSR activities.
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