5 Vietnamese firms recognized by WEF as Global Growth Companies

The Global Growth Companies in East Asia consists of 20 of the region’s most dynamic and high-growth companies, the WEF said in a statement.

“These companies are considered trailblazers, shapers and innovators that are committed to improving the state of their region and the world,” the document reads.

The Vietnamese nominees are AA Corporation, The Gioi Di Dong, VNG Corporation, Thien Minh Group, and Minh Phu Seafood Corp, according to the WEF.

Other selected companies include Acleda Bank Plc. (Cambodia); WanaArtha Life (Indonesia); (Japan); Kakaku.com (Japan); Hearts United Group Co., Ltd. (Japan); Cross Company Inc. (Japan); Tokushinkai Group (Japan); LINE Corporation (Japan); Ferrotec Corporation (Japan); Myan Shwe Pyi Tractors Ltd. (Myanmar); Capital Diamond Star Group (Myanmar); Manila Water Company Inc. (Philippines); Banyan Tree Holdings Ltd. (Singapore); ILJIN Group (South Korea); Fila Inc. (South Korea); and Humax Electronics Co., Ltd. (South Korea).

“The World Economic Forum is proud to recognize these 20 champions that are at the forefront of driving responsible economic growth, job creation and entrepreneurism in East Asia,” said David Aikman, Managing Director and Head of New Champions at the WEF.

“We look forward to the active and dynamic role they will play at our meeting in Manila, working with the region’s leaders to foster inclusive, sustainable growth in the region.”

WEF said Global Growth Companies are fast-growing companies with the clear potential to become global economic leaders.

“The 20 nominated East Asian firms represent a broad cross section of industrial sectors, but share in common a track record in exceeding industry standards in revenue growth, promotion of innovative business practices and demonstration of leadership in corporate citizenship,” it remarked.

The 23rd World Economic Forum on East Asia, hosted with the support of the government of the Philippines, took place in Manila from May 21 to 23 under the theme of “Leveraging Growth for Equitable Progress.”

Incorporated as a not-for-profit foundation in 1971 and headquartered in Geneva, Switzerland, the WEF is an international institution committed to improving the state of the world through public-private cooperation in the spirit of global citizenship.

It engages with business, political, academic and other leaders of society to shape global, regional and industry agendas.