Cizidco reported a revenue of VND 91.5 billion in 2024, a 5% increase from the previous year. Financial revenue reached nearly VND 26 billion, a decrease of over 25%. Management expenses were reduced by 25%, amounting to VND 26 billion. The company achieved a post-tax profit of nearly VND 24 billion, an increase of almost 11%.
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Revenue structure in 2024 and 2023 of Cizidco
Source: Cizidco
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As of the end of 2024, the company’s total assets amounted to VND 1,161 billion, a decrease from VND 1,220 billion at the beginning of the year. Short-term deposits under 12 months accounted for VND 446 billion, earning interest rates ranging from 4% to 6.1% per annum.
Payable debts exceeded VND 935 billion, a slight reduction of about VND 65 billion compared to the beginning of the year. Long-term unearned revenue accounted for more than VND 764 billion (comprised of land lease and advance receipt of land use rights, considered the industrial park enterprise’s “rainy day fund”), while short-term unearned revenue was over VND 20 billion. Additionally, short-term advance from buyers totaled VND 114 billion, with Hyosung Quang Nam Company Ltd. contributing nearly VND 102 billion.
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Long-term unearned revenue as of the end of 2024 of Cizidco
Source: Cizidco
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Cizidco is a state-owned enterprise entrusted by Quang Nam Province to invest in and develop three industrial parks with a total area of 800 hectares, including the Chu Lai North Industrial Park (361.4 hectares), Tam Thang Industrial Park (197 hectares), and Tam Thang Expanded Industrial Park (242 hectares).
Cizidco Concedes Nearly 62 Hectares of Land to THACO’s Subsidiary
2025 Post-Tax Profit Plan Takes a Step Back
On May 29, 2025, the People’s Committee of Quang Nam Province assigned financial targets for 2025 to Cizidco, including a revenue of VND 126.4 billion, an 8% increase compared to the actual performance in 2024; post-tax profit of VND 22.6 billion, a 1% decrease; ROE of 9.7%; and a contribution of VND 37.8 billion to the state budget.
Financial indicators of Cizidco in the 2014-2023 period
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Compiled by the author
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– 07:00 02/06/2025
“Vietlott Rakes in $340 Million from Lottery Ticket Sales, Rising to the Second Largest Company in the Industry but Ranking 22nd in Profit”
Vietlott is the proud holder of the record for the largest lottery prize in Vietnamese history. With a jaw-dropping jackpot of over 314 billion VND in the Power 6/55 draw, and a first-time ever occurrence of 30 lucky winners taking home a special prize of 3 billion VND each in the Max 3D+ lottery, Vietlott has truly made history.
What Bank is the Largest Creditor of Deo Ca?
As of late 2024, Deo Ca’s total short- and long-term financial lease and loan debt stood at nearly VND 20,362 billion, sourced from various credit partners, including prominent domestic banks.
Record-Breaking Profit of VND 12,700 Billion: A Financial Services Firm Leads Vietnam with an Astonishing Per-Employee Profit of VND 52.6 Billion, Outperforming TCBS and Vietcombank by Far
With a modest team of just over 200 employees, this company boasts an impressive status as one of the top-performing businesses in the country.
The Insiders’ Rush to Scoop up TDM Shares Amidst High Prices
“In a show of strong confidence, key stakeholders and insiders associated with the TDM leadership collectively snapped up over 2 million shares in May and June. This move comes amidst a backdrop of a remarkable recovery for the stock, which has more than doubled in value since hitting rock bottom in late 2022.”
The Automotive Industry Stalls in Q1 Following the End of Registration Fee Incentives
The automotive industry witnessed a boost in the last quarter of 2024 due to a 50% reduction in registration fees. However, this momentum was short-lived as the first quarter of 2025 saw a decline in both vehicle sales and profits. While revenues increased year-over-year, profits took a hit, with only a select few businesses experiencing a turnaround through strategic restructuring.
