According to the Q2 2025 financial report, there are 10 companies on the Vietnamese stock exchange holding over 1 billion USD in cash and short-term deposits. The leading group includes Baoviet Holdings (BVH), Vingroup (VIC), Vinhomes (VHM), BSR Oil Refinery (BSR), and Viettel Global (VGI), with VGI particularly impressive at 41 trillion VND in cash, accounting for over 60% of its total assets. In a challenging fundraising environment, these cash-rich companies are considered to have a competitive edge. However, true strength is measured by net cash, indicating a company’s ability to settle debts. PV Gas (GAS) is at the forefront with 21.247 trillion VND remaining after paying off debts. Other large companies like VEAM, BSR, Viettel Global (VGI), and Sabeco (SAB) also have significant cash surpluses. Notably, private enterprises like Sabeco, Duc Giang Chemicals, Vinamilk, and QNS also report large cash reserves. If this net cash were distributed to shareholders, DGC would pay out the highest at 24,452 VND/share.
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