Government leader meets national brand enterprises
Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on November 25 for representatives from 124 enterprises which are honoured with Vietnam National Brand this year.
Prime Minister Nguyen Xuan Phuc (standing) receives representatives from 124 enterprises which are honoured with Vietnam National Brand this year (Source: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc hosted a receptionin Hanoi on November 25 for representatives from 124 enterprises which arehonoured with Vietnam National Brand this year.
According to statistics, these companies’ combined revenuesand export turnover hit 1.4 quadrillion VND (60.5 billion USD) and 137 trillionVND last year, respectively. They contributed over 200 trillion VND to theState budget, and created jobs for over 471,000 labourers.
Minister of Industry and Trade Tran Tuan Anh said that afternine months of selection, 124 companies were selected from more than 1,000enterprises to get the Vietnam National Brand title in 2020, 27 higher than in2019.
Speaking at the event, PM Phuc said that despite impact ofthe COVID-19 pandemic and natural disasters, Vietnam maintains social stabilityand positive economic growth this year at around 2.5-3 percent.
The achievement is contributed partly by the enterprises withthe national brand, he stressed.
He asked the Ministry of Industry and Trade and businessesto find more effective measures to create the larger output, better quality andbigger contribution to the nation.
Ministries, sectors and localities were requested to work tobuild the brand of the nation, each sector and each locality, as well ascreating favourable conditions for businesses.
The Government will issue new policies and more favourablemechanisms, and pay more attention to all types of enterprises, especiallythose with small and medium sizes to help them soon get the national brandtitle, the Government leader pledged./.
Firms should attach greater attention to building their brands to enhance competitiveness in the context of rapid global integration as Vietnam has few globally-recognised brands.
After nine months of selection, 124 companies with a total of 283 products will be honoured as Vietnam National Brand this year, according to a decision of the National Brand Council.
National flag carrier Vietnam Airlines retained its top spot in a ranking of Vietnam’s national brands by UK-based reputable international Internet-based market research and data analytics company YouGov.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Prime Minister Nguyen Xuan Phuc (standing) receives representatives from 124 enterprises which are honoured with Vietnam National Brand this year (Source: VNA) 
