Bamboo Capital wins fourth successive APEA Corporate Excellence award

Vietnamese conglomerate Bamboo Capital Group (BCG) was honored with its fourth consecutive Asia Pacific Enterprise Awards (APEA) Corporate Excellence award at a ceremony held in Ho Chi Minh City Thursday.

The company said in a release that the award was testament to its outstanding business achievements and sustainable development strategies.

Initiated in 2007, the prestigious APEA award ceremony is held annually by Asia Enterprise to honor companies and business leaders with outstanding achievements in production, business and social responsibility, including making positive contributions to the larger community.

Themed “Celebrating Inclusive Entrepreneurship”, the APEA 2024 aimed to recognize outstanding businesses and leaders with positive contributions to sustainable socio-economic development, while emphasizing the role of inclusive entrepreneurship.

To identify outstanding representatives for the awards, the evaluation council conducted comprehensive research and assessments of over 300 nominated entities.

Winning the Corporate Excellence title for four consecutive years from 2021 to 2024 reflected Bamboo Capital's continuous efforts to build a sustainable ecosystem and create long-term value for shareholders and partners, the firm said.

At the same time, the group has continually improved remuneration and working environment for employees, it added.

Bamboo Capital is a lead multi-industry group in Vietnam, with member companies operating in essential sectors like BCG Energy (renewable energy), BCG Land (real estate), AAA Insurance (financial services & insurance), Tracodi (construction - infrastructure), and Tipharco (manufacturing - pharmaceuticals).

A development strategy based on core businesses has helped the group build a solid ecosystem with mutually supportive value chains, enabling the group to develop rapidly and sustainably, the Bamboo Capital statement said.

It noted that it was among the Top 100 private enterprises with the largest contribution to Vietnam’s state budget this year.

In the first six months of 2024, the group’s consolidated revenue reached VND2.1 trillion ($84.78 million), up 15.7% over the same period last year. Notably, its H1/2024 after-tax profit rose 137.3% year-on-year to VND416.8 billion ($16.83 million). As of June 30, 2024, Bamboo Capital's equity was VND20.99 trillion ($847.4 million).

With its sustainable development orientation, Bamboo Capital not only creates quality products and services but also seriously follows high ESG standards that include environmental protection criteria, social development advanced corporate governance, delivering tangible values to the community.

In particular, it has been contributing actively to Vietnam's Net Zero target by implementing renewable energy and waste-to-energy projects.

After receiving the award, CEO Nguyen Tung Lam said: “At Bamboo Capital, we believe in a sustainable future. Our commitment to renewable energy, innovative real estate solutions, green buildings, and responsible financial activities drives us to create lasting impacts across the Asia-Pacific region.

“Bamboo Capital is proud to be a leader in the green revolution, where our projects not only meet today's needs but also help protect the world for future generations.”

BCG shares closed Friday on the Ho Chi Minh City Stock Exchange (HoSE) at VND6,300 ($0.25) apiece.