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Pricing model (unit VND.

Million)
Annual registration fee
CA fee
Tender notification fee
Bidding submission fee
Winning bidder fee
e-contract system use fee
e-shopping mall use fee

Inflation Rate
Discounted Rate

0.3
1
0.1
0.1
0.3
0.3
0.3

0.09

The number of packages


e-procurement ratio
The number of government organizations
The number of government organizations who use e-GP
The number of suppliers who are potentially use e-GP
The number of supplier who use e-GP
Unit: million VND

2013

2014

2015

2016

81,970

90,167

99,184

109,102

0%

0%

14%

19%

10,000

10,000

10,000

10,000

1,400

1,900

120,000

120,000

120,000

120,000

16,800

22,800

2017

2018

2019

2020

2021

2022

2023

2024

120,012

132,014

145,215

159,736

175,710

193,281

212,609

233,870

29%

35%

42%

47%

52%

57%

62%

67%

10,000

10,000

10,000

10,000

10,000

10,000

10,000

10,000

2,900

3,500

4,200

4,700

5,200

5,700

6,200

6,700

120,000

120,000

120,000

120,000

120,000

120,000

120,000

120,000

34,800

42,000

50,400

56,400

62,400

68,400

74,400

80,400

Increase 10% per year


Increase 5% per year

Increase 10% per year


Increase 5% per year

Revenue
Annual user registration fee
Annual CA fee
Tender notification fee
Bidding submission fee
Winning bidder fee
e-Contract system use fee
Revenue(FV)
Revenue(PV)

2015

2016

2017

2018

2019

2020

6,865

10,447

17,879

24,196

32,557

40,852

7,628

11,608

19,866

26,884

36,174

45,391

1,746

2,922

5,502

8,190

12,122

16,732

11,685

19,559

36,823

54,815

81,133

111,985

5,121

7,794

13,339

18,051

24,289

30,477

11,933

19,975

37,606

55,981

82,858

114,366

44,978

72,305

131,014

188,117

269,133

359,804

35,773

51,287

82,876

106,125

135,405

161,441

2017

2018

2019

2020

16,319
19,866
3,480
36,823
13,339
37,606
131,014
82,876

22,256
26,884
4,620
54,815
18,051
55,981
188,117
106,125

30,179
36,174
6,099
81,133
24,289
82,858
269,133
135,405

20,713
45,391
7,508
111,985
30,477
114,366
359,804
161,441

Unit: Million VND

Revenue
Annual user registration fee
Annual CA fee
Tender notification fee
Bidding submission fee
Winning bidder fee
e-Contract system use fee
Revenue(FV)
Revenue(PV)

2015
6,170
7,628
1,514
11,685
5,121
11,933
44,978
35,773

2016
9,462
11,608
2,073
19,559
7,794
19,975
72,305
51,287

2021

2022

2023

2024

50,681

62,293

75,976

92,062

56,312

69,214

84,417

102,291

22,834

30,872

41,418

55,206

152,820

206,617

277,203

369,483

37,809

46,472

56,680

68,681

156,069

211,010

283,096

377,338

476,524

626,477

818,790

1,065,062

190,682

223,567

260,588

302,298

2021

2022

2023

2024

42,222
56,312
9,137
152,820
37,809
156,069
476,524
190,682

52,298
69,214
11,017
206,617
46,472
211,010
626,477
223,567

64,281
84,417
13,182
277,203
56,680
283,096
818,790
260,588

78,496
102,291
15,669
369,483
68,681
377,338
1,065,062
302,298

Cash Flow Statements


(Unit: M. VND)
Operating Revenues
Revenue from services
Other operating revenues

Operating Expenses
Wages, salaries and employment benefits
Supplies and consumables used
Repairs and maintenance
Depreciation and amortization expenses
Other operating expenses

Surplus/(Deficit) from Operating Activities


Total non-operating revenue
Interest cost
Total non-operating expense
Surplus/(Deficit) from Ordinary Activities
Minority interest share of surplus/(deficit)
Net surplus/(deficit) before extraordinary items
Extraordinary items
Income tax expense
Net Surplus/(deficit) for the Year after Tax

2013

5,105
5,105
-5,105
-5,105
-5,105

2014

43,270
43,270
-43,270
19,259
19,259
-62,529
-62,529
-62,529

2015

131,014
44,978
13,709
6,855
36,941
52,754
6,855
117,114
-72,136
27,926
27,926
-100,062
-100,062
-100,062

2016

2017

72,305
72,305
7,031
3,516
41,421
52,754
3,516
108,238
-35,933
25,908
25,908
-61,840
-61,840
-61,840

131,014
131,014
8,737
4,369
51,233
59,043
4,369
127,750
3,264
23,499
23,499
-20,235
-20,235
-20,235

atements
2018

2019

2020

2021

2022

2023

2024

188,117
188,117
10,462
5,231
57,447
59,043
5,231
137,414
50,703
19,707
19,707
30,996
30,996
7,749
23,247

269,133
269,133
12,646
6,323
77,685
73,880
6,323
176,857
92,276
15,915
15,915
76,361
76,361
19,090
57,271

359,804
359,804
15,000
7,500
87,109
64,395
7,500
181,504
178,299
12,122
12,122
166,177
166,177
41,544
124,633

476,524
476,524
17,792
8,896
97,675
64,395
8,896
197,655
278,869
8,330
8,330
270,539
270,539
67,635
202,904

626,477
626,477
21,105
10,552
109,523
58,107
10,552
209,839
416,638
4,538
4,538
412,100
412,100
103,025
309,075

818,790 1,065,062
818,790 1,065,062
25,033
29,693
12,517
14,847
122,808 172,937
58,107 121,499
12,517
14,847
230,981 353,822
587,809 711,240
1,384
0
1,384
0
586,425 711,240
586,425 711,240
146,606 177,810
439,819 533,430

OPERATING CASH FLOW


Receipts
Cash receipts from customers
Other receipts
Payments
Employees
Suppliers
Interest paid
Other payment
Net Cash Flows from Operating Activities
INVESTING CASH FLOW
Receipts
Interest received
Sales of fixed assets
Sales of investments
Payments
Purchases of fixed assets
Purchases of investments
Net Cash Flows from Investing Activities
FINANCING CASH FLOWS
Receipts
Capital contributions from government
Capital contributions from owners
Proceeds from new borrowings
Payments
Capital withdrawals
Repayment of borrowings
Dividends paid
Net Cash Flows from Financing Activities
CASH AND CASH EQUIVALENT
Balances as at 1 January
Net increases/(decreases) for period
Balances as a 31 December
Operating Cash Flow+Investing Cash Flow
Interest paid
Interest paid+OCF+ICF
Balance as at 1 January
Interest paid+Repayment of borrowings

2013

2014

2015

(5,105)
(5,105)
(201,737)
(201,737)
130,000
81,031
31,829
(242,860)

(19,259)
(19,259)
(47,421)
(47,421)
88,239
(88,239)
-

44,978
(13,709)
(6,855)
(27,926)
(36,941)
(40,453)
-

36,018
36,018
-206,842
5,105
-201,737
5,105

36,018
21,559
57,577
-66,680
19,259
-47,421
36,018
19,259

57,577
-40,453
17,124
-40,453
27,926
-12,527
57,577
27,926

Simple DSCR (=A+B+a')/(a'+c')


Cumulative DSCR
Total Cost
Total Revenue
Revenue-Cost
Total Cost (PV)
Total Revenue (PV)
Revenue-Cost (PV)
Factors
Free Cash Flow
DCF
NPV
IRR

-39.51
-39.51

-2.46
-0.59

-0.45
1.61

206,842
-206,842
206,842
-206,842

66,680
-66,680
59,467
-59,467

85,431
44,978
-40,453
67,947
35,773
-32,174

1.00
(449,702)
(449,702)
$5,724,469.15
24%

0.92
(154,919)
(142,128)

0.84
(40,453)
(34,048)

2016

2017

2018

2019

2020

2021

2022

2023

72,305
(7,031)
(3,516)
(25,908)
(41,421)
(5,571)
(31,444)
(31,444)
(4,547)
(4,547)
-

131,014
(8,737)
(4,369)
(23,499)
(51,233)
43,176

188,117
(10,462)
(5,231)
(19,707)
(65,196)
87,521

269,133
(12,646)
(6,323)
(15,915)
(96,776)
137,473

359,804
(15,000)
(7,500)
(12,122)
(128,653)
196,529

476,524
(17,792)
(8,896)
(8,330)
(165,310)
276,196

626,477
(21,105)
(10,552)
(4,538)
(212,548)
377,734

818,790
(25,033)
(12,517)
(1,384)
(269,414)
510,442

(290,533)
(290,533)

(607,495)
(607,495)

(17,153)
(17,153)

(27,010)
(27,010)

(27,010)
(27,010)

(27,010)
(27,010)

(27,010)

(27,010)

(22,464)

(27,010)

(27,010)

(22,464)

17,124
-41,561
-24,437
-37,014
25,908
-11,106
17,124
30,455

-24,437
26,024
1,587
43,176
23,499
66,676
-24,437
40,652

1,587
-230,023
-228,436
-203,012
19,707
-183,305
1,587
46,718

-228,436
110,463
-117,973
137,474
15,915
153,388
-228,436
42,925

-117,973
169,517
51,545
196,528
12,122
208,650
-117,973
39,133

51,545
170,044
221,588

221,588
156,615
378,204

378,204
-436,480
-58,277

276,196
8,330
284,526
51,545
35,341

377,734
4,538
382,272
221,588
31,548

-97,053
1,384
-95,669
378,204
23,848

-0.36
0.2

1.64
1.04

-3.92
-3.89

3.57
-1.75

5.33
2.32

8.05
9.51

12.12
19.14

-4.01
11.85

109,319
72,305
-37,014
77,541
51,287
-26,254

87,837
131,014
43,176
55,564
82,876
27,312

391,129
188,117
-203,012
220,654
106,125
-114,528

131,660
269,133
137,474
66,240
135,405
69,165

163,276
359,804
196,528
73,260
161,441
88,180

200,329
476,524
276,196

248,743
626,477
377,734

915,843
818,790
-97,053

80,162
190,682
110,520

88,767
223,567
134,800

291,476
260,588
-30,888

0.77
(41,562)
(32,093)

0.61
26,023
15,960

0.65
(230,022)
(149,499)

0.60
110,463
65,865

0.55
169,519
92,733

0.50
249,186
125,058

0.46
350,724
161,483

0.42
(119,517)
(50,485)

2024

1,065,062
(29,693)
(14,847)
(350,747)
669,775

(9,858)
(9,858)

-58,277
234,721
176,444
669,776
0
669,776
-58,277
9,858

67.94
62.03
395,286
1,065,062
669,776
112,195
302,298
190,103
0.39
659,917
6,121,325

0.36
16,497,925
5,865,585

255,740