On August 15, 2022, Binh Dinh Forest Protection Department announced the results of classification of wood processing and exporting enterprises. Specifically, after a process of consideration, Nguyen Hoang Development Joint Stock Company (Nguyen Hoang) - a member of Bamboo Capital Group (BCG) was classified as a Group I enterprise in wood processing and exporting. This shows that Nguyen Hoang is an enterprise with a clear and legal source of raw materials and creates great advantages for the company in the export market, helping to simplify administrative procedures.

In August, Nguyen Hoang also announced the reviewed financial statement of the first half of 2022 with positive business results. In which, net revenue reached 175 billion dong, increases 53% over the same period last year; The Company's consolidated profit after tax reached 3.96 billion dong, increases 70% over the same period. As June 30, 2022, the Company's charter capital reached 600 billion dong, nearly doubled compared to the same period last year. This helps the Company to supplement working capital, improve competitiveness in the market and be able to repair and upgrade production machinery and equipment, thereby improving production capacity and pushing business development.

Source: Nguyen Hoang Development JSC