Bamboo Capital, subsidiary Tracodi repeat presence in Vietnam’s top 500 firm listing

By Tri Duc
Fri, January 19, 2024 | 4:19 pm GMT+7

Bamboo Capital Group and its subsidiary Tracodi are featured again in VNR500, a list of 500 biggest firms in Vietnam compiled by ranking and research company Vietnam Report.

Vietnam Report and VietNamNet newspaper announced the 17th edition of the list Thursday. It marked the seventh year in a row that Bamboo Capital and Tracodi are featured in the list.

Bamboo Capital receives a VNR500 certificate at a ceremony in Ho Chi Minh City, January 18, 2024. Photo courtesy of Bamboo Capital.

Bamboo Capital receives a VNR500 certificate at a ceremony in Ho Chi Minh City, January 18, 2024. Photo courtesy of Bamboo Capital.

In compiling the list, Vietnam Report analyzed businesses’ performance and financial data including total assets, owners’ equity, revenue, pre-tax profit and post-tax profits in 2022 and the first nine months of 2023. Bamboo Capital jumped 54 ranks from 157th to 103rd in the latest list.

Overcoming challenges of the last two years, Bamboo Capital posted a strong performance and maintained the stability of key businesses, including renewable energy, construction and infrastructure, real estate, financial service and insurance, and manufacturing.

Its subsidiaries – BCG Energy, Tracodi, BCG Land, BCG Financial, AAA Insurance, Nguyen Hoang, and Tipharco Pharmaceutical – also marked strong market performances.

The firm’s diverse portfolio has built up a strong ecosystem with complimentary supply chains, facilitating sustainable growth.

Its strong performance has been recognized by several prestigious domestic and international awards.

In October 2023, Bamboo Capital won a Corporate Excellence award at the Vietnam chapter of the Asia-Pacific Enterprise Awards (APEA) 2023. Last year, the group made its fourth consecutive appearance in Vietnam Report’s Profit500, a list of 500 firms with highest profits in the country.

Tracodi receives a VNR500 certificate at a ceremony in Ho Chi Minh City, January 18, 2024. Photo courtesy of Bamboo Capital.

Tracodi receives a VNR500 certificate at a ceremony in Ho Chi Minh City, January 18, 2024. Photo courtesy of Bamboo Capital.

Tracodi, a Bamboo Capital subsidiary, was placed 207th in the VNR500 list. Tracodi is among a few contractors with top-tier certificates for construction capacity and capability for executing large-scale projects including roads as well as civil, industrial and energy facilities.

At the moment, Tracodi is constructing real estate and energy projects in the Bamboo Capital ecosystem, including major ones like the Phan Thiet airport in the central province of Binh Thuan, an urban area and a lake in the northern province of Bac Giang, a road connecting National Highway No.3 and Vo Nguyen Giap street in Hanoi, and a part of package No.12 of Chau Doc-Can Tho-Soc Trang Expressway.

Senior executives said the consistent presence of Bamboo Capital and Tracodi in the VNR500 list reflects their effective operations over many years, including flexibility to adapt to economic challenges amidst a slowdown in the global economy and other adverse developments.

Comments (0)
  • Read More
WB approves $750 mln loan to boost Philippines' digital transformation

WB approves $750 mln loan to boost Philippines' digital transformation

The World Bank (WB) approved a loan of $750 million on Wednesday to help boost digital transformation in the Philippines.

Southeast Asia - Thu, November 14, 2024 | 10:12 pm GMT+7

Google forecasts Indonesia to become Southeast Asia’s largest digital economy

Google forecasts Indonesia to become Southeast Asia’s largest digital economy

A new report by Google, Temasek, and Bain & Company projects that Indonesia's digital economy will reach a gross merchandise value (GMV) of $90 billion in 2024, an annual increase of 13% and the largest figure in Southeast Asia.

Southeast Asia - Thu, November 14, 2024 | 10:06 pm GMT+7

Sekisui Heim Group targets low-cost housing investment in Vietnam

Sekisui Heim Group targets low-cost housing investment in Vietnam

Japan’s Sekisui Heim Group is looking to implement affordable and social housing projects in Vietnam, says Ryuji Saimon, a representative of the group’s subsidiary, Thai SCG Heim.

Real Estate - Thu, November 14, 2024 | 9:53 pm GMT+7

Vietnam’s resort town Da Lat to have $67 mln ESG realty complex

Vietnam’s resort town Da Lat to have $67 mln ESG realty complex

The One Destination has partnered with a Singapore investor and an institutional fund to build an ESG real estate complex in Vietnam’s famous resort town of Da Lat.

Real Estate - Thu, November 14, 2024 | 7:09 pm GMT+7

Vietnam prepares for 11-15% power supply growth in 2025: ministry

Vietnam prepares for 11-15% power supply growth in 2025: ministry

Vietnam expects its electricity supply to grow 11-15% in 2025, Minister of Industry and Trade Nguyen Hong Dien said Thursday, while asking relevant state agencies and power suppliers to make utmost preparations.

Energy - Thu, November 14, 2024 | 7:05 pm GMT+7

S Korea’s Kumho Tire to raise investment in Vietnam province to $908 mln

S Korea’s Kumho Tire to raise investment in Vietnam province to $908 mln

South Korea’s Kumho Tire will pour an additional $300 million into the southern province of Binh Duong as its third-phase investment, increasing the total amount to $908 million.

Industries - Thu, November 14, 2024 | 3:45 pm GMT+7

Former transport minister Nguyen Van The faces disciplinary action for Thuan An Group-related violations

Former transport minister Nguyen Van The faces disciplinary action for Thuan An Group-related violations

Vietnam's Central Inspection Committee has proposed disciplining Nguyen Van The, former Minister of Transport.

Politics - Thu, November 14, 2024 | 2:43 pm GMT+7

Central Vietnam hub Danang seeks investment for urban railway airport link

Central Vietnam hub Danang seeks investment for urban railway airport link

Da Nang is calling for investment in a major urban railway project that will connect the Danang International Airport with the central city’s famous My Khe Beach.

Infrastructure - Thu, November 14, 2024 | 2:21 pm GMT+7

HSBC provides first green trade facility in Vietnam’s seafood industry

HSBC provides first green trade facility in Vietnam’s seafood industry

HSBC Vietnam has entered an agreement to provide green trade financing to Vinh Hoan Corporation, marking the first ever green facility that the former has arranged for the latter and for the seafood sector.

Banking - Thu, November 14, 2024 | 2:11 pm GMT+7

Thailand’s Central Retail opens $17 mln mall in southern Vietnam

Thailand’s Central Retail opens $17 mln mall in southern Vietnam

Thailand’s leading retailer Central Retail has launched its 41st Vietnam outlet, the GO! Bac Lieu mall, in the eponymous Mekong Delta province.

Industries - Thu, November 14, 2024 | 1:47 pm GMT+7

Taiwan cooling solution firm AVC to spend $18 mln on building factory in Vietnam

Taiwan cooling solution firm AVC to spend $18 mln on building factory in Vietnam

Asia Vital Components (AVC), a Taiwan-based cooling solution provider, will spend VND457.1 billion ($18 million) on building a second phase factory in Vietnam.

Industries - Thu, November 14, 2024 | 11:07 am GMT+7

Vietnam stock market likely to face valuation discounts during Trump’s presidency: analysts

Vietnam stock market likely to face valuation discounts during Trump’s presidency: analysts

Emerging markets, including Vietnam, may face valuation discounts during President-elect Donald Trump’s second term, say analysts at Vietnam-focused fund management company Dragon Capital.

Finance - Thu, November 14, 2024 | 10:26 am GMT+7

Viettel launches world's first O-RAN 5G network using Qualcomm chipset platforms

Viettel launches world's first O-RAN 5G network using Qualcomm chipset platforms

Viettel has announced the commercial launch of its Open RAN (O-RAN) 5G Network, featuring key equipment developed in-house, marking the world's first O-RAN 5G network utilizing Qualcomm Technologies' 5G RAN platforms.

Companies - Thu, November 14, 2024 | 9:52 am GMT+7

Malaysia commits to net zero emissions by 2050

Malaysia commits to net zero emissions by 2050

Malaysia has committed to achieving net-zero greenhouse gas emissions by 2050, positioning itself as a responsible global player in the fight against climate change despite contributing just 0.8% of global emissions.

Southeast Asia - Thu, November 14, 2024 | 8:25 am GMT+7

Thailand eyes congestion charges to ease capital traffic

Thailand eyes congestion charges to ease capital traffic

The Thai Ministry of Transport said on Tuesday that it is exploring the implementation of a congestion charge program to alleviate chronic traffic problems in the capital city of Bangkok, improve air quality and promote the use of public transportation.

Southeast Asia - Thu, November 14, 2024 | 8:24 am GMT+7

Indonesia, Japan agree to reduce greenhouse gas emission​

Indonesia, Japan agree to reduce greenhouse gas emission​

Indonesia and Japan on Tuesday agreed to start implementing the Mutual Recognition Arrangement (MRA) for the implementation of bilateral carbon trading cooperation.

Southeast Asia - Thu, November 14, 2024 | 8:22 am GMT+7