(BCG) - Bamboo Capital Group (BCG) and Transport and Industry Development Investment Joint Stock Company (TRACODI) ranked 129 and 221 respectively in the "most profitable companies in Vietnam”. (PROFIT500)
PROFIT500 is based on independent research and evaluation of Vietnam Report and is published annually by Vietnamnet. The evaluation panel includes many experts from Harvard University (the USA) and leading consulting firms in Vietnam. To be honored in the ranking, BCG and TRACODI must meet Vietnam Report's strict criteria in terms of revenue, profit, total assets and financial ratios such as return on assets (ROA), return on equity (ROE), return on sales (ROS).
Despite the detrimental effects from the COVID-19 pandemic, BCG still made great strides in scaling and growth rate. By the end of the third quarter 2021, BCG owned total assets of more than VND 35 trillion, had 62 subsidiaries and affiliates across Vietnam. According to the business plan for 2021, BCG is aiming for VND 5,375 billion in Consolidated net revenue, VND1,008 billion in pre-tax profit, VND 806 billion in after-tax profit. Accumulated in the first nine months, BCG cashed in VND 1,904 billion in revenues, an increase of 112.7%; and VND 701.2 billion in profits after tax, 6.8 times higher than in the same period last year.
Aside from keys business areas of renewable energy, real estate, construction - infrastructure and manufacturing - agriculture, BCG has just established BCG Financial to fulfill the ambition to enter the financial - insurance sector. In 2021, Tracodi is expected to achieve consolidated revenue of VND 3,203 billion, up 12.3%; pre-tax profit, more than 343 billion dong; and consolidated profit after tax, more than 280 billion dong, an increase of more 92,4% over the same period of 2020. After only the first 9 months of the year, Tracodi's after-tax profit reached 280 billion dong, 5 times higher than the same period the prior year, and successfully completed the target of profit after tax for the whole year of 2021.
Besides the role of the general contractor to manage real estate and renewable energy projects of the parent company - BCG, TRACODI is raising capital to take advantage of the booming real estate market and public investment. In the next few years, TRACODI will form joint ventures with outstanding partners to expand its business with larger and more complex projects.
The award is a remarkable achievement, demonstrating the right visions, business strategies and effort from everyone at BCG and TRACODI.