Investment and Industrial Development Corporation (Becamex) targets to earn a profit after tax of 2.26 trillion VND (95.8 million) this year, an increase of 32% compared to 2022, besides increasing charter capital to 20-30 trillion VND.
Hanoi (VNS/VNA) - Investment and IndustrialDevelopment Corporation (Becamex) targets to earn a profit after tax of 2.26trillion VND (95.8 million) this year, an increase of 32% compared to 2022,besides increasing charter capital to 20-30 trillion VND.
In 2023, Becamex is expected to hit a total revenue of 9.46trillion VND, up 19%. The expected dividend payment ratio in 2023 is 9%.
According to Pham Ngoc Thuan, Becamex’s General Director, thecompany will continue to face many difficulties and challenges in 2023affecting the ability to attract investment, raise capital, and launch newprojects. Becamex will direct resources to invest in trade, services, and smartproduction in the period of 2023 to 2025.
Becamex will continue to invest in its existing projects, such as CayTruong industrial park, the A9 Building, commercial-service projects in the newurban area of Binh Duong New City, and National Highway 13 expansion project.
Thuan also emphasised that when investing in Becamex shares,investors should not look at immediate profits but must think about asset valueand long-term Becamex brand value.
Becamex plans to raise its capital from 20 trillion VND to 30trillion VND. In addition, Becamex targets to reach a market capitalisation of 7-10billion USD according to the government's expectations. Currently, the marketcapitalisation of Becamex is about 83 trillion VND, approximately 4 billion USD.Becamex will continue to invest to increase the value of assets on the stockexchange, Thuan said.
From 2023 to 2028, Becamex will develop traffic infrastructure forthe main routes passing through Binh Duong province, not only serving thetransportation of goods in Binh Duong province but also the western region of TayNguyen. When this transportation system is developed, the circulation of goodswill be improved, the land value will be higher, and the province will benefit,as well as Becamex.
Becamex will also develop next-gen eco-industrial parks.
Prime Minister Pham Minh Chinh said that Vietnam will have zeroCO2 emissions by 2050, according to Decree 35 of the Vietnamese Government.
Becamex will transform traditional industrial parks intoeco-friendly zones according to Decree 35. Becamex needs capital fromshareholders as well as support from the government to implement this plan./.
Industrial, urban and transport infrastructure developer Becamex IDC Corp on June 14 signed an agreement to offer 40 billion VND (1.74 million USD) for the purchase of medical equipment and materials for mass COVID-19 testing in the southern province of Binh Duong, particularly at industrial parks.
In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.
Vietnamese seafood processing and export enterprises are in the process of completing procedures and adopting necessary technologies to bring their products into the Halal market.
The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.
The complex, covering a total area of 512 ha, is designed after a multi-functional model, prioritising the preservation of natural landscapes, honouring local beauty, and creating an ideal living area.
He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
The Ministry of Finance is drafting policies to establish specialised AI and smart industrial parks to raise the technological profile of FDI projects and create spillover effects for local businesses.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Illustrative image (Photo: becamex.com.vn) 
