VietNamNet Bridge - Many large businesses on the stock market own a huge amount of cash.



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Statistics show that of the 623 non-financial listed companies, 19 currently hold cash and cash equivalents amounting to over VND77,586 billion, equivalent to 63% of the total amount of 623 businesses.

By the end of 2014, six businesses owned cash of over VND1 trillion, including: PV Gas (share code: GAS), PetroVietnam Technological Services JSP (PVS), FPT, Vingroup, PetroVietnam Construction and Installation JSC (PVX) and PetroVietnam General Service JSC (Petrosetco).

PV GAS always keeps a huge amount of cash. By the end of 2014, its cash and cash equivalent totalled VND24,079 billion. The firm also had over VND1,683 billion in short-term financial investments.

Other companies holding huge amounts of cash and cash equivalents are Masan and DPM (over VND5,000 billion), PVD (VND3,208 billion), Kinh Do (VND2,467 billion), and Hoa Phat (VND2,001 billion ).

$1 = VND21,000

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