The 50 Best Companies in Asia – ‘Fab 50’ – were selected from 1,744 regional companies including China, India, Japan, the Republic of Korea, Australia, Thailand and Vietnam. The companies must meet strict criteria such as: reaching the minimum market capitalisation of US$2 billion on the stock market, not having more than 50 percent of shares owned by the State, a debt ratio not exceeding 50 percent and ensuring steady revenue growth over the last five years. Forbes also examines the financial strength of companies through a variety of analytical and measurement methods in order to honour the best listed performing companies among firms in the region. With a market capitalisation of US$14.1 billion on the stock market and multidisciplinary operations in key areas such as real estate, tourism-entertainment, retail, agriculture, education, health and technology, Vingroup has overtaken nearly 1,700 other bright companies to appear in the ‘Fab 50’. … [Read more...] about Vingroup listed in Asia’s Fab 50
Vingroup
Vingroup listed in Asia’s Fab 50 2018
An image of Vingroup’s Landmark 81 in HCM City, the tallest building in Việt Nam and the 11th tallest building in the world. — Photo VingroupViet Nam News HÀ NỘI — Property developer Vingroup was honoured by Forbes magazine in its list of Asia’s top 50 enterprises (Asia’s Fab 50 2018) on Thursday for its rapid growth, vision and high performance for many years. The 50 Best Companies in Asia – ‘Fab 50’ – were selected from 1,744 regional companies including China, India, Japan, South Korea, Australia, Thailand and Việt Nam. The companies must meet strict criteria such as: reaching the minimum market capitalisation of US$2 billion on the stock market, not having more than 50 per cent of shares owned by the State, a debt ratio not exceeding 50 per cent and ensuring steady revenue growth over the last five years. Forbes also examines the financial strength of companies through a variety of analytical and … [Read more...] about Vingroup listed in Asia’s Fab 50 2018
Vingroup to nurture tech start-ups
Nguyễn Việt Quang, vice chairman and CEO of Vingroup. — VNS Photo Viet Nam News Stepping into the field of technology, Vingroup has not set out goals for their own development. Nguyễn Việt Quang, vice chairman and CEO of the group, emphasised that Vingroup’s biggest aspiration is to create a favourable ecosystem to nurture tech start-ups, thereby creating breakthroughs for Việt Nam and the business community. As the largest private enterprise in Việt Nam, Vingroup is developing very well with its current businesses. Why has the group entered a new field, in which it has little experience? Our slogan is ‘Forever entrepreneurial spirit’. With 25 years of development, Vingroup has never stopped. We chose to step into the field of Technology - Industry as this is not only the shortest path but also the best path to create breakthrough developments. Could you tell us more about Vingroup’s new investment orientation? … [Read more...] about Vingroup to nurture tech start-ups
Vingroup and NAPAS offer promotion for Vinmart
Customers shop at a Vinmart supermarket in Hà Nội. — VNS Photo Đoàn TùngViet Nam News HÀ NỘI — Vingroup co-operated with the National Payment Corporation of Việt Nam (NAPAS) to launch a promotion programme offering major reimbursements for customers who pay via NAPAS domestic cards issued by Vietnamese banks including debit, credit, prepay cards or VinID customer card. Customers can recoup up to 30 per cent of the value of their bill when shopping at Vinmart supermarkets nationwide. Customers must spend at least VNĐ200,000 (US$9) on the bill, have VinID cards and pay by NAPAS domestic cards. At the same time, customers will have opportunities to participate in a lucky draw programme with the highest prize of up to VNĐ100 million. The programme runs from August 27 to September 26. — VNS … [Read more...] about Vingroup and NAPAS offer promotion for Vinmart
Vingroup envisions a world class transformation
Nguyen Viet Quang, vice president and general director of Vingroup made this announcement Tuesday when signing a partnership deal with more than 50 universities in Hanoi. Quang said that after 25 years of development, the group was qualified to enter the field of technology and industry. Technology will bring us a major revenue stream, he said. Vingroup will focus intensively on the technology sector with three major development directions - artificial intelligence (AI), comprehensive tech ecosystem and tech incubator. The group is to establish VinTech company as a separate organization from the current VinSmart, which will work on AI, software production and generation of new materials. It has already set up the Big Data Institute and the Vin Hi-Tech Institute of Advanced Technology. For the tech ecosystem, it will build a VinTech City in Hanoi, modeled on the US’ Silicon Valley, a comprehensive ecosystem for IT startups with offices, restaurants, and associated support … [Read more...] about Vingroup envisions a world class transformation