Win-win philosophy indispensable for sustainable growth: Bamboo Capital founder

A win-win cooperation strategy is not just desirable, but a necessary condition for sustainable development, says Nguyen Ho Nam, founder of Vietnam’s private conglomerate Bamboo Capital Group.

Speaking at a two-day Vietnam Innovation Summit that closed Saturday in Ho Chi Minh City, Nam, also vice chairman of the Vietnam-Switzerland Economic Forum (SVEF), said that in a volatile world of fierce competition, building partnerships was essential to overcome challenges and achieve success.

No single entity can do everything on its own, he stressed. Therefore, finding the right partners is key to optimize strengths and fix limitations, he added.

Elaborating on his “cooperation philosophy,” he said: "For successful collaboration, we must create conditions for our partners to succeed first and then they will help us achieve success. In the past, many businesses followed a win-lose philosophy, but today, to progress and create sustainable value, this must be replaced with a win-win philosophy, where both sides benefit and support each other’s growth."

“Cooperation is not only about sharing profits but also an opportunity to learn and grow from partners,” he said.

Nam also emphasized the government’s crucial role in supporting businesses through transparent policies, a favorable business environment and fostering international connectivity.

Government initiatives like promoting digital transformation and green economic development have become important drivers for Vietnamese businesses to thrive internationally, he noted.

Other speakers in a panel discussion on "Building Success Collaboration" were: Alex Smith, British consul general in HCMC; and Gaku Echizenya, CEO of Talented Co., Ltd. The discussion was moderated by Teresa Lien Freiburghaus, executive director of SVEF.

Nam has been actively promoting cooperation opportunities with Vietnam at several international forums of late.

At the 25th World Knowledge Forum (WKF) 2024 held September 9-11 in Incheon, South Korea, he presented a 40-minute keynote speech titled “Vietnam – A Trusted Friend in a Turbulent World.”

Addressing hundreds of delegates from around the world, he emphasized Vietnam's strategic position in the region, its stable and open business environment and strong potential for cooperation across various sectors. He presented Vietnam as a dynamic and innovative country ready to collaborate with the international community.

Not mere theory

Nam stressed that the insights he shared at the summit were not just theoretical, but intrinsic to Bamboo Capital Group's development strategy.

Over the past 13 years, Bamboo Capital has continuously innovated, expanded collaboration and pursued a win-win strategy in all its activities.

The group has collaborated with major partners in renewable energy, real estate, and construction-infrastructure. Its international partners have not only supported the company with technology and financial resources but also shared valuable experience in developing sustainable projects that meet rigorous demands of the international market.

This has helped Bamboo Capital expand its markets, enhance its reputation and create value for shareholders, thereby contributing to national socioeconomic growth.

Exemplifying the group’s philosophy and strategy is energy subsidiary BCG Energy, which formed partnerships with large international corporations like Sembcorp Industries, Singapore Power, Hanwha Energy, Leader Energy Group, SK Ecoplant, and Sudokwon Landfill Site Management Corp. to carry out renewable energy projects in Vietnam.

BCG Energy has also raised significant international funding from major banks for implementing projects that not only create economic value for all parties but also contribute to reducing environmental pollution and promoting sustainable development in the region.

Through its real estate arm, BCG Land, Bamboo Capital has collaborated with international interior design companies to deliver modern, luxurious and environmentally-friendly projects that meet demanding requirements of modern customers.

It has also formed strategic partnerships with top-tier real estate management and operation groups to directly manage key projects like King Crown Infinity in HCMC.

Tracodi, a construction and infrastructure subsidiary, has been expanding its network of partnerships with major companies and corporations. Strategic cooperation agreements with companies like China National Railway Group and DECOFI, an unit under the Ministry of Agriculture and Rural Development, demonstrate the company’s commitment to the win-win philosophy that Bamboo Capital subscribes to.

These partnerships not only strengthen Tracodi’s capabilities in infrastructure development and industrial park construction but also contribute to the overarching goals of sustainable development and optimizing benefits for all parties.

Bamboo Capital has also invested heavily in technology to enhance governance and operation efficiency. Notably, the establishment of BCG Eco to tap the carbon credit market demonstrates the group’s long-term strategic vision of a green economy that will help fight climate change impacts.

Nam noted that in a highly competitive world, the group’s win-win philosophy has helped it create sustainable value that delivers economic benefits and makes due contributions to society at large, including the crucial task of protecting the environment.

Bamboo Capital, listed on the Ho Chi Minh Stock Exchange as BCG, closed Monday at VND6,360 ($0.25) per share.