Vietnamese excellent brands in 2022-2023 honored

The Top 10 Vietnamese Excellent Brands in 2023 were announced and honored at the Vietnam New Economy Forum 2023 on October 6 under the theme "New Economic Models to Promote Breakthrough Growth and Sustainable Development".

Winning enterprises are honored at the event. Photo: VET

VnEconomy - Vietnam Economic Times (VET) and the Central Institute for Economic Management jointly organized the program to survey businesses in various economic sectors, conduct evaluations, and announce the honored categories. Criteria for the awards included creativity, innovation, sustainable development, digital technology application, and adapting to customer needs.

The Top 10 Vietnamese Excellent Brands 2023 include:

Vietnam Oil and Gas Group (Petrovietnam or PVN), formerly known as the Vietnam Oil and Gas General Department, is one of the State-owned corporations. Petrovietnam operates in the energy sector, encompassing oil and gas and renewable energy. It has evolved into a fully integrated business model, covering exploration, production, refining, petrochemicals, the gas industry, gas-to-power/fertilizer, and petroleum technical services. The group plays a pivotal role in driving national economic growth, developing high-quality human resources, fostering international integration, and making overseas investments.

Petrovietnam boasts consolidated assets of US$40 billion, with consolidated equity capital amounting to US$21.5 billion.

Viettel, the largest telecommunications and information technology group in Vietnam, is renowned as one of the fastest-growing telecommunications companies globally. It ranks among the top 15 global telecommunications companies in terms of subscriber numbers. Operating and conducting business in 13 countries across Asia, America, and Africa, Viettel serves a market of 270 million people, approximately three times the population of Vietnam. Viettel engages in high-tech research and production, among other sectors, with the goal of becoming a global corporation and ranking among the top 20 largest telecommunications companies worldwide.

Established in 1963, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) presently holds the position of the leading commercial bank in Vietnam. It boasts total assets of US$50 billion and the highest market capitalization among credit institutions listed on Vietnam's stock market. Vietcombank employs over 22,000 individuals and maintains an extensive network of operations throughout Vietnam. Its strategic goals for 2025 and vision for 2030 aim to firmly establish its No. 1 position in Vietnam, rank among the top 100 largest banks in Asia, be among the 300 major financial and banking groups, and rank among the 1000 largest listed companies globally, all while actively contributing to Vietnam's development.

Vietnam Dairy Products JSC (Vinamilk) operates a network of 12 internationally standardized farms across the country and connects with 13 modern factories. Vinamilk has strategically expanded the presence of the Vietnamese dairy brand in the global market by actively promoting exports to countries such as China, South Korea, Japan, Southeast Asia, and the Eurasian Economic Union (EAEU). To date, Vinamilk has exported its products to 54 countries and territories, achieving a total export turnover exceeding $2.2 billion. Forbes Vietnam magazine values the Vinamilk brand at $2.4 billion.

Vingroup, formerly known as Technocom Corporation, was established in 1993 in Ukraine. In the early 2000s, Vingroup entered the Vietnamese market with two key brands: Vincom and Vinpearl. In January 2012, Vinpearl JSC merged with Vincom JSC to create Vingroup JSC. This multi-sector corporation focuses on three core pillars: technology & industry, trade & services, and social enterprise. Vingroup continues to lead and pioneer consumer trends in each of its businesses, introducing Vietnamese consumers to a brand-new, modern lifestyle with internationally standardized products and services, making it one of the country's leading private enterprises.

Masan Group, with over 26 years of establishment and growth, stands as a leading enterprise in Vietnam's consumer and retail sector. The group operates a network comprising over 3,500 sales outlets, catering to a wide range of consumer needs. Masan Group is committed to innovative strategies and technological investments, promoting the creation of diverse, high-quality products to meet domestic demand while also facilitating exports to key markets, including the US, Japan, Australia, South Korea, and Canada.

FPT Digital Retail JDV (FPT Retail), founded in 2012, is an associate company of FPT Corporation. FPT Retail manages two retail chains, FPT Shop, and F-Studio FPT, and operates a subsidiary company called FPT Long Chau Pharma JSC. FPT Retail prioritizes customer service and sustainable development.

The Bank for Investment and Development of Vietnam (BIDV) is not only one of the leading state-owned banks in Vietnam but also the fourth-largest corporation in the country. BIDV has a presence in other countries, including Laos, Cambodia, the Czech Republic, the Russian Federation, Myanmar, and Taiwan (China). Over 65 years of establishment and development, the bank aspires to become a leading financial institution in Southeast Asia, possess the best digital platform in Vietnam, and rank among the top 100 largest banks in Asia.

The Vietnam Bank for Agriculture and Rural Development (Agribank), with 34 years of development, consistently upholds its position and role as one of the leading commercial banks in Vietnam. Agribank takes the lead in implementing monetary policies, contributing to macroeconomic stability, curbing inflation, supporting growth, and supporting the development of agriculture and rural areas. It has made significant contributions to promoting the process of restructuring the economy, building new rural areas, and ensuring social security.

Truong Hai Group Corporation (Truong Hai Group), formerly known as Truong Hai Auto Corporation (THACO), was founded in 1997. Originally, THACO traded and repaired second-hand vehicles, but it has since transformed into a multi-industry holding corporation with six sub-holdings, including THACO AUTO (automobiles), THACO AGRI (Agro-forestry production), THACO INDUSTRIES (Mechanics & Supporting Industries), THADICO (Investment – Construction), THILOGI (Logistics), and THISO (Commerce – Service), adopting a highly integrated and complementary business model.