HCM CITY – Bamboo Capital JSC has set itself a profit target of VNĐ75 billion on consolidated revenues of more than VNĐ1.8 trillion, this year, or year-on-year increases of 26 per cent and 87 per cent.

BCG has stakes in 15 companies operating in various industries, like Transport and Industry Development JSC (Tracodi), Thành Phúc JSC, Nguyễn Hoàng JSC, Bắc Hà Minerals Exploitation JSC, An Giang Joint Venture of Construction Material Exploitation and processing (Antraco), Vinataxi, ACG Việt Nam, including 50 per cent or more in many.

It expects Tracodi, Antraco, and Nguyễn Hoàng to contribute greatly to its profits in 2016.

This year it plans to acquire stakes in a number of companies such as 1-5 Auto Company, Thành Vũ Tây Ninh JSC, Đà Lạt Coffee Import Export Company.

These are large manufacturing companies that are expected to contribute greatly to BCG’s bottom line.

This year the company will also, together with its partners, develop property projects in HCM City, Quy Nhơn, Hà Nội, and Long An,  including a 78,000sq.m shopping mall in Củ Chi, HCM City, the four-star Casa Marina Quy Nhơn Resort, and a five-star office and hotel building in HCM City’s District 1.

It plans to raise its corpus from VNĐ407 billion ($18.17 million) to VNĐ1.08 trillion ($48.21 million) this year to serve its investment plans, including investing in companies and M&A activities in the automobile, agricultural processing and trading, coffee export and cattle breeding sectors, Vũ Trần Vĩnh Thụy, director of investment and project management at BCG, told an investors’meeting in HCM City on April 6.

Bamboo Capital plans to pay dividends of 8 per cent this year and 12 per cent next year, he added. - VNS