According to the Q2/2025 financial report, 10 companies on the Vietnam stock exchange hold over 1 billion USD in cash and short-term deposits. The top firms include Bao Viet Holdings (BVH), Vingroup (VIC), Vinhomes (VHM), Binh Son Refining and Petrochemical (BSR), and Viettel Global (VGI), with VGI holding over 41 trillion VND, accounting for 60% of total assets. In a challenging capital-raising environment, cash-rich companies are seen as having significant advantages. Real strength is measured by net cash, indicating the ability to settle debts. PV Gas (GAS) leads with 21.247 trillion VND remaining after debt payment. Other companies like VEAM, BSR, VGI, and Sabeco (SAB) still possess over 10 trillion VND. Additionally, four privately-owned firms, including Sabeco, Duc Giang Chemicals, Vinamilk, and QNS, are in the mix. If net cash were divided among shareholders, each share of DGC would yield 24,452 VND, the highest among the top ten firms.
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