Strong brands propel business recovery, sustainable growth: Vietnam Report

VIETNAM: NEW ERA

Strong brands propel business recovery, sustainable growth: Vietnam Report
Building a strong brand continues to play a pivotal role in enabling businesses to recover swiftly and grow sustainably in the future, said Vu Dang Vinh, CEO of Vietnam Report JSC, during a ceremony held on January 8 to announce the country’s top 500 largest enterprises in 2024.
At the Vietnam Report's ceremony held on January 8 to announce the country’s top 500 largest enterprises in 2024. (Photo: VNA)

Hanoi (VNA) – Building a strong brand continues to play a pivotal role in enabling businesses to recover swiftly and grow sustainably in the future, said Vu Dang Vinh, CEO of Vietnam Report JSC, during a ceremony held on January 8 to announce the country’s top 500 largest enterprises in 2024.

This was the 18th consecutive year that Vietnam Report, in collaboration with online newspaper VietNamNet, had published the rankings. The top 10 of the 2024 VNR500 gather notable names – the Samsung Electronics Vietnam Thai Nguyen Co. Ltd, Vietnam Oil and Gas Group (Petrovietnam), Vietnam National Petroleum Group (Petrolimex), Vingroup JSC, Vietnam Bank for Agriculture and Rural Development (Agribank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Viettel Military Industry and Telecoms Group (Viettel), Vietnam Joint Stock Commercial Bank For Industry And Trade (VietinBank), Binh Son Refining and Petrochemical JSC, and Vietnam Coal and Mineral Industries Group.

The 2024 edition of the VNR500 rankings also honours the top 500 largest private enterprises, with their top 10 including the Vingroup JSC, Hoa Phat Group JSC, Mobile World Investment Corporation, Vietnam Prosperity Joint Stock Commercial Bank (VPBank), Masan Group Corporation, and Doji Gold and Gems Group JSC.

On the occasion, Vietnam Report unveiled the Top 10 and Top 5 most reputable companies in the sectors of pharmaceuticals, medical devices and healthcare; logistics; tourism, hospitality and resorts; and animal feed.

Additionally, it released the Vietnam economic white paper 2024, which provides in-depth analyses and insights into the current socio-economic landscape, emerging trends, and strategic solutions for businesses to overcome traditional limitations and accelerate growth in the future.

The economy was estimated to grow by 7.09% in 2024, but looking ahead to this year, experts from Vietnam Report warn of significant challenges. The primary obstacles include geopolitical risks, slowing growth in key trading and investment partners such as the US, China, the EU, and Japan, as well as increasing trends toward fragmentation, trade protectionism, and widespread unpredictable climate change impacts globally.

To achieve the ambitious economic growth target of around 8%, as forecast by some domestic and international research organisations, Vietnam Report recommends the country push ahead with institutional and policy reform, strengthening regulatory frameworks, improving the investment and business environment, leveraging traditional growth drivers, and promoting new growth engines such as the digital, green and circular economy, among other measures./.

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