Specifically, Vincom Retail ranked 8th in Forbes Vietnam's top 25 leading brands, with brand value reached $300.5 million, marking an increase of nearly 1.8 times and climbing up two spots from its position in 2020. The ranking by Forbes Vietnam is based on financial data from listed companies on Vietnam's stock market.
In addition, Vincom Retail was also recognised in the top 50 listed companies practising the best governance in Vietnam, based on the VNCG50 criteria initiated by the Vietnam Institute of Directors (VIOD) with support from the International Finance Corporation (IFC), the Swiss Economic Affairs Federal Office (SECO), and the State Securities Commission.
These achievements are a testament to Vincom Retail's efforts in improving management quality and business efficiency, thereby affirming its position as Vietnam's leading retail real estate developer.
Vincom's 88 shopping centres nationwide are well-organised by product categories with professional operations |
The continuous recognition in various rankings reflects the company's efforts over the past 20 years of development and brand building. This achievement also highlights the company's efficient business strategy and its ability to adapt to swift changes in the economy and the retail sector.
Vincom Retail has developed a management model in line with international standards, which is a launch pad for the brand to maintain its leading position in the retail real estate industry and its steady growth over the years.
As part of its "Green Leadership", Vincom Retail plans to promote green consumption habits through the theme "Go Green - Shop Green - Live Green - Enjoy Green", focusing on environmental protection, energy conservation, and waste reduction across its operations. The company is highly appreciated for its transparent and timely information disclosure, building trust for investors and customers.
The company also contributes to the development of Vietnam's retail industry by providing modern shopping, entertainment, and dining spaces with a unique experience. As of present, "Go to Vincom" has become a popular keyword for a visit to its 88 shopping malls, which provide a convergence of famous domestic and international brands and host high-class cultural and entertainment events.
Vincom recently celebrated its 20th anniversary with a series of events from October 23 to November 23. One of the highlights was a music night themed "Come to Vincom - Welcome My New Self", which received a lot of attention on social media.
Information transparency is the guiding principle in Vincom Retail's management activities to ensure compliance with the law |
Vincom Retail not only develops commercial projects to transform the urban facade, but also upholds its corporate social responsibility in its business activities. Through the "Sowing Seeds of Kindness" programme, the company has collaborated with the Vingroup ecosystem to support communities affected by Typhoon Yagi.
The company also emphasises gender diversity in its leadership, with a higher-than-average representation of women on its board of directors and executive management, fostering an inclusive work environment.
Pham Thi Thu Hien, general director of Vincom Retail JSC, said, "Over the past 20 years of developing its brand, Vincom Retail has focused on creating modern shopping centres that aim to be familiar and accessible to consumers. Vincom Retail will continue to leverage its core values and pursue sustainable development goals to enhance business strategies, expand brand reach, and attract both domestic and international customers and investors."
With a professional and transparent management system that follows international practices, Vincom Retail plans to expand its system with modern shopping centres and vibrant commercial streets, thereby raising its brand value and contributing to the economic development of Vietnam.
Car parks are powered with solar energy panels at Vincom's shopping centres |
Vincom Retail achieves international recognition for groundbreaking Vincom Mega Mall Vincom Retail proudly stands in the limelight, garnering prestigious international awards for its revolutionary new-generation Vincom Mega Mall model. These remarkable accolades firmly establish Vincom's leadership in the retail market, reflecting its commitment to pioneering enhanced shopping experiences, staying at the forefront of emerging trends, and venturing into unique retail tourism models set to debut soon. |
Vincom Retail retains brand name following Vingroup divestment Vincom Retail recorded its highest ever revenue in 2023, and signed a pivotal M&A deal in March 2024 that reshaped its ownership structure and set the stage for future growth. |
Vincom Retail poised for growth Shophouse sales will continue to be a key driver of revenue growth for Vincom Retail JSC (VRE) for the remainder of 2024, according to a VNDirect Securities report from September 23. |
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional