Investment and Industrial Development Corporation (Becamex or BCM) targets to earn a profit after tax of VND2.26 trillion (US$95.8 million) this year, an increase of 32 per cent compared to 2022, besides increasing charter capital to VND20-30 trillion.
In 2023, BCM is expected to hit a total revenue of VND9.46 trillion, up 19 per cent. The expected dividend payment ratio in 2023 is nine per cent.
According to Pham Ngoc Thuan, BCM’s General Director, the company will continue to face many difficulties and challenges in 2023 affecting the ability to attract investment, raise capital, and launch new projects. BCM will direct resources to invest in trade, services, and smart production in the period of 2023 to 2025.
BCM will continue to invest in its existing projects, such as the Cay Truong industrial park, the A9 Building, commercial-service projects in the new urban area of Binh Duong New City, and the National Highway 13 expansion project.
Thuan also emphasised that when investing in BCM shares, investors should not look at immediate profits but must think about asset value and long-term BCM brand value.
BCM plans to raise its capital from VND20 trillion to VND30 trillion. In addition, BCM targets to reach a market capitalisation of US$7-10 billion according to the government's expectations. Currently, the market capitalisation of Becamex is about VND83 trillion, approximately US$4 billion. BCM will continue to invest to increase the value of assets on the stock exchange, Thuan said.
From 2023 to 2028, BCM will develop traffic infrastructure for the main routes passing through Binh Duong province, not only serving the transportation of goods in Binh Duong province but also the western region of Tay Nguyen in Tay Ninh. When this transportation system is developed, the circulation of goods will be improved, the land value will be higher, and the province will benefit, as well as Becamex.
BCM will also develop next-gen eco-industrial parks.
Prime Minister Pham Minh Chinh said that Viet Nam will have zero CO2 emissions by 2050, according to Decree 35 of the Vietnamese Government.
BCM will transform traditional industrial parks into eco-friendly zones according to Decree 35. BCM needs capital from shareholders as well as support from the government to implement this plan. — VNS