Bamboo Capital founder: win-win philosophy indispensable for sustainable growth

The opinion was shared by Nguyen Ho Nam, founder of private Vietnamese conglomerate Bamboo Capital Group, at the two-day Vietnam Innovation Summit that closed on November 15 in Ho Chi Minh City.

Nam, who is also vice chairman of the Vietnam-Switzerland Economic Forum (SVEF), said that in a volatile world of fierce competition, building partnerships is essential to overcome challenges and achieve success.

"No single entity can do everything on its own. Therefore, finding the right partners is key to optimise strengths and fix limitations," he added.

Bamboo Capital Group chairman Nguyen Ho Nam speaks at the Vietnam Innovation Summit 2024 in Ho Chi Minh City. Photo: Bamboo Capital

Elaborating on his cooperation philosophy, he said, "For successful collaboration, we must create conditions for our partners to succeed first, and then they will help us achieve success. In the past, many businesses followed a win-lose philosophy, but today, to progress and create sustainable value, this must be replaced with a win-win philosophy, where both sides benefit and support each other’s growth."

“Cooperation is not only about sharing profits but also an opportunity to learn and grow with partners,” he said.

Nam also emphasised the government’s crucial role in supporting businesses through transparent policies, a favourable business environment, and fostering international connectivity.

Government initiatives like promoting digital transformation and green economic development have become important drivers for Vietnamese businesses to thrive internationally, he noted.

Other speakers in a panel discussion on "Building Success Collaboration" were Alex Smith, British consul general in Ho Chi Minh City, and Gaku Echizenya, CEO of Talented Co., Ltd. The discussion was moderated by Teresa Lien Freiburghaus, executive director of the SVEF.

A panel discussion on "Building Success Collaboration" at the Vietnam Innovation Summit in Ho Chi Minh City. Photo: Bamboo Capital

Nam has been actively promoting cooperation opportunities with Vietnam at several international forums.

At the 25th World Knowledge Forum (WKF) 2024 held from September 9-11 in Incheon, South Korea, he presented a 40-minute keynote speech titled “Vietnam – A Trusted Friend in a Turbulent World”.

Addressing hundreds of delegates from around the world, he emphasised Vietnam's strategic position in the region, its stable and open business environment, and strong potential for cooperation across various sectors. He presented Vietnam as a dynamic and innovative country ready to collaborate with the international community.

Philosophy of cooperation

Nam stressed that the insights he shared at the summit were not just theoretical, but intrinsic to Bamboo Capital Group's development strategy.

Over the past 13 years, Bamboo Capital has continuously innovated, expanded collaboration, and pursued a win-win strategy in all its activities.

The group has collaborated with major partners in renewable energy, real estate, and construction-infrastructure. Its international partners have not only supported the company with technology and financial resources, but also shared valuable experience in developing sustainable projects that meet the rigorous demands of the international market.

This has helped Bamboo Capital expand its markets, enhance its reputation, and create value for shareholders, thereby contributing to national socioeconomic growth.

Exemplifying the group’s philosophy and strategy is energy subsidiary BCG Energy, which formed partnerships with large international corporations like Sembcorp Industries, Singapore Power, Hanwha Energy, Leader Energy Group, SK Ecoplant, and Sudokwon Landfill Site Management Corp. to carry out renewable energy projects in Vietnam.

BCG Energy has also raised significant international funding from major banks for projects that not only create economic value for all parties but also contribute to reducing environmental pollution and promote sustainable development in the region.

BCG Energy, a subsidiary of Bamboo Capital Group, has partnered with South Korea’s SK Ecoplant and Sudokwon Landfill Site Management Corp (SLC) to develop waste-to-energy and waste treatment solutions. Photo: Bamboo Capital

Through its real estate arm, BCG Land, Bamboo Capital has collaborated with international interior design companies to deliver modern, luxurious, and environmentally friendly projects that meet the demanding requirements of modern customers.

It has also formed strategic partnerships with top-tier real estate management and operation groups to directly manage key projects like King Crown Infinity in Ho Chi Minh City.

Tracodi, a construction and infrastructure subsidiary, has been expanding its network of partnerships with major companies and corporations. Strategic cooperation agreements with companies like China National Railway Group and DECOFI, a unit under the Ministry of Agriculture and Rural Development, demonstrate the company’s commitment to the win-win philosophy that Bamboo Capital subscribes to.

These partnerships not only strengthen Tracodi’s capabilities in infrastructure development and industrial park construction but also contribute to the overarching goals of sustainable development and optimising benefits for all parties.

Bamboo Capital has also invested heavily in technology to enhance governance and operation efficiency. Notably, the establishment of BCG Eco to tap the carbon credit market demonstrates the group’s long-term strategic vision of a green economy that will help fight climate change.

Nam noted that in a highly competitive world, the group’s win-win philosophy has helped it create sustainable value that delivers economic benefits and makes due contributions to society at large, including the crucial task of protecting the environment.

Bamboo Capital afforestation arm joins global partners to tap carbon credit market BCG Eco, the afforestation arm of Vietnam’s Bamboo Capital Group, has signed an agreement with Singapore’s Capital Quantum and Corects, two leading entities in carbon credits and climate finance.

Gelex and Bamboo Capital hold significant stakes in Eximbank Gelex Group and Bamboo Capital Group have been revealed to hold the largest stakes in Eximbank, following the release of a list of the bank's major shareholders on July 24.

BCG Energy enters 'waste-to-energy' sector BCG Energy, the renewable energy subsidiary of the Bamboo Capital Group, signed a share purchase agreement on January 31 with Tam Sinh Nghia Investment Development JSC, a company specialising in waste management in Ho Chi Minh City.