Bamboo Capital, subsidiary Tracodi win corporate excellence awards

Bamboo Capital Group and its subsidiary Tracodi have been honored with Corporate Excellence awards at the Vietnam chapter of the Asia-Pacific Enterprise Awards (APEA) 2023.

This is the third time in a row that Bamboo Capital has won the honor, while Tracodi is doing it for the second successive year.

Launched in 2007, the Asia Pacific Enterprise Awards is the region's most prestigious recognition of outstanding entrepreneurship, continuous innovation and sustainable leadership. It aims to provide a platform for companies and governments to recognize entrepreneurial excellence, thus spurring greater innovation, fair business practices and growth in entrepreneurship.

An APEA hat-trick

In winning the awards consecutively in 2021-2023, Bamboo Capital Group has demonstrated its resilience in pursuing sustainable growth and creating value for investors and other stakeholders including improved livelihoods for employees. It has also contributed to the development of communities and society as a whole, the group said in a release.

Bamboo Capital, listed on the Ho Chi Minh Stock Exchange (HoSE) as BCG, is a leading multi-sector business in Vietnam with over 50 subsidiaries working in sectors of renewable energy, construction & infrastructure, real estate, financial service & insurance, and production.

Several subsidiaries including BCG Energy, Tracodi, BCG Land, BCG Financial, AAA Insurance, Nguyen Hoang, and Tipharco have emerged as key brands with significant footprints in Vietnam.

The multi-sector strategy has helped Bamboo Capital build up a sustainable ecosystem with mutual support while ensuring fast and sustainable growth.

BCG vice chairman Nguyen Thanh Hung said at the Thursday ceremony held in HCMC that the third award in a row was a significant milestone for the group as it marked its 12th anniversary.

“Bamboo Capital will continue its dedicated path, contribute to clean energy transition and the country’s sustainable growth, facilitate breakthrough constructions to upgrade the country’s image, and bring high-quality services and products to Vietnam citizens,” he added.

Top-tier Tracodi

At the APEA 2023, Tracodi won the Corporate Excellence award for the second consecutive time for outstanding business results, efficient and transparent corporate governance, fulfilment of environmental and social requirements, and fulfilment of stakeholder rights.

Tracodi, the construction-infrastructure subsidiary of Bamboo Capital, is among a few top-tier contractors capable of deploying large projects like roads, civil infrastructure, and industrial and energy establishments.

Tracodi is a contractor for many luxurious projects of BCG Land, another BCG subsidiary, including King Crown Infinity, Malibu Hoi An and Hoian d’Or.

It is also in charge of building major projects for BCG Energy, the energy arm of BCG, including the BCG Long An 1 and 2, BCG Vinh Long and BCG Phu My power plants.

Tracodi has also implemented projects out of the BCG ecosystem, including three packages of Phan Thiet airport construction in the central province of Binh Thuan; residential areas and a lake in the northern province of Bac Giang; and a road linking National Highway 3-Vo Nguyen Giap street with Dong Anh district in Hanoi.

The company operates Provincial Road No. 830 in the Mekong Delta province of Long An under a build-operate-transfer (BOT) arrangement. In 2024-2027, the company will build the Go Dau-Xa Mat Expressway in Tay Ninh, Duc Hoa-Duc Hue Road in Long An and Provincial Road 935 in Soc Trang.

Leaders of both parent and subsidiary company said winning corporate excellence awards in succession was a recognition of their efforts to steer the firms through economic turbulence as also a motivator for fulfilling their growth potential in the time to come.