Within the upcoming new lunar 12 months, Vietnam’s authorities and enterprise neighborhood are breaching the limitations that final 12 months left, supported by the nationwide model recognition by way of the Vietnam Worth Programme, which paves the best way for companies to say their place in home and worldwide markets.
|TH Group is the perfect instance of a powerful Vietnamese model|
Collaborating within the eighth nationwide model collection of the Vietnam Worth Programme in 2022, TH Group goals to proceed to take care of its place because the main producer of fresh, contemporary milk in Vietnam, with merchandise that meet worldwide requirements.
Ngo Minh Hai, chairman of the Board of Administrators of TH Group, stated this recognition not solely helps TH reaffirm its model worth with home customers but additionally helps the group to achieve extra recognition within the worldwide area.
A robust nationwide model is a harmonious mixture of things like makes use of expertise, innovation, creativity, and sustainable growth. In Vietnam, increasingly companies are specializing in selling and managing their manufacturers as a approach in the direction of sustainable growth. Nonetheless, assembly the necessities of the Vietnam Worth Programme stays an enormous problem due to the rigorous requirements set by it.
The Vietnam Worth Programme will proceed to concentrate on constructing and creating the nation’s model worth by a median of 20 per cent per 12 months within the subsequent decade. Over 1,000 merchandise have achieved recognition already, with the variety of enterprises recognised growing by 10 per cent annually.
In 2022, the announcement ceremony for chosen merchandise recognised as nationwide manufacturers is predicted to be held within the fourth quarter, at which companies which have pursued and met the programme’s standards for high quality, innovation, and pioneering capability will probably be honoured for his or her accomplishments. The set of standards is researched and constructed by specialists based mostly on the model valuation methodology of InterBrand, a widely known American model consultancy, and related standards of the US Malcolm Baldrige Nationwide High quality Award.
For the criterion of pioneering competence, enterprises should reveal their imaginative and prescient and core values, and be appropriate for included components reminiscent of clients, traits of enterprise strains, and a whole enterprise technique that’s in line with the imaginative and prescient and core values.
Companies additionally must have a transparent model imaginative and prescient, in line with their objectives, product positioning methods, and guarantees. Together with that come methods and actions to guard the model by way of mental property registrations and patents.
The set of standards additionally supplies assessments associated to credit score and monetary scores, reminiscent of product gross sales, the ratio of liabilities and complete property and fairness, revenue after tax and revenues, and different components.
As a companion to the Vietnam Worth Programme and an unbiased monetary analysis unit, KPMG acknowledged that, based mostly on the audited monetary statements of companies, its specialists have assessed the monetary capability requirements of taking part corporations. Throughout the choice, KPMG additionally helps specialists to attend the precise appraisal groups on the enterprise. On the similar time, the auditing agency coordinates with the appraisal staff to go to manufacturing and enterprise services and provide correct, trustworthy, and goal assessments of the state of affairs of enterprises taking part within the choice.
Dr. Nguyen Huu Cung from the Hanoi College of Trade stated, “Sustaining a stable macroeconomic basis and controlling inflation are the primary components that make up Vietnam’s model worth. The competitiveness of enterprises has been considerably enhanced after their merchandise had been recognised as nationwide manufacturers, as mirrored within the growth of manufacturing scale, labour drive, and manufacturing capability.
The 124 enterprises whose merchandise have been recognised in 2020 had their complete revenues in 2019 reaching over $60.9 billion, cashing in over $5.9 billion in export worth and contributing round $8.7 billion to the state price range, in addition to offering 471,000 jobs.
Vietnam maintained thirty third place among the many high 100 model values on this planet, in line with a 2021 report by London-based consulting agency Model Finance. Vietnam’s model worth has elevated by 21.6 per cent, from $319 billion in 2020 to $388 billion in 2021.
In 2019, Vietnam’s nationwide model was valued at $247 billion, ranked forty second. In 2020, Vietnam emerged as Southeast Asia’s main manufacturing base, with the biggest improve in nationwide model worth on this planet.