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Wednesday, November 30, 2022

172 firms win National Brands 2022

The Saigon Times

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HCMC – The National Brands 2022 have gone to 172 enterprises with 325 high-quality and prestigious products.

The ceremony was held at the National Convention Center in Hanoi on November 2 to honor these entities.

This is a trade promotion program initiated by the Government to build and develop national brands for local products.

Speaking at the ceremony, Prime Minister Pham Minh Chinh highlighted the importance of the national brand building program.

The Government will continue to support enterprises by removing hurdles and creating the most favorable conditions for the development of enterprises.

The Prime Minister also expressed his hope that more enterprises will satisfy the program’s criteria in the coming years, with 1,000 products to be recognized as National Brands in 2030.

The 172 enterprises have total revenue of VND1,570 trillion, contribute VND129,000 billion to the State budget and employ nearly 600,000 people.

According to the Brand Finance Organization, Vietnam’s national brand value saw an 11% increase, from US$388 billion in 2021 to US$431 billion in 2022. Vietnam continues to be a bright spot in the picture of building and developing national brands worldwide and a country with the world’s fastest growth in values for the period 2019-2022.

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