Wealthy Companies Pay Off Debts Yet Retain Tens of Trillions

According to the Q2 2025 financial report, 10 Vietnamese stock companies hold over 1 billion USD in cash, with the top 5 being Bao Viet Group, Vingroup, Vinhomes, Binh Son Refinery, and Viettel Global. Viettel Global leads with over 41 trillion VND in cash, accounting for 60% of its total assets. In a challenging fundraising environment, cash-rich businesses have a competitive edge. PV Gas tops the list for debt repayment capacity with 21.247 trillion VND remaining after settling debts. Other companies like VEAM, BSR, and SAB also retain over 10 trillion VND post-debt. The list includes non-state companies like Sabeco, Duc Giang Chemicals, and Vinamilk. If the net cash were distributed among shareholders, DGC would pay 24,452 VND per share, the highest among these companies.