Vincom Retail Joint Stock Company (Hose: VRE) has just been honored at the 8th position in the Top 25 Leading Brands ranking by Forbes Vietnam and Top 50 listed enterprises with the best governance practices in Vietnam. This achievement is a testament to Vincom Retail's efforts in improving governance quality, increasing business efficiency, and affirming its position as the leading retail real estate developer in Vietnam.
Accordingly, Vincom Retail is the only representative in the retail real estate sector honored by Forbes Vietnam in the list of 25 leading brands in Vietnam, with a brand value of 300.5 million USD, an increase of nearly 1.8 times in value and an increase of 2 ranks compared to the ranking announced by Forbes Vietnam in 2020. The ranking was built by Forbes Vietnam based on financial data of enterprises listed on the Vietnamese stock market.
At the same time, Vincom Retail is also in the Top 50 listed enterprises with the best corporate governance practices in Vietnam, based on the VNCG50 criteria initiated by the Vietnam Institute of Directors (VIOD), with the support of the International Finance Corporation (IFC), the Swiss State Secretariat for Economic Affairs (SECO) and the State Securities Commission (SSC).
The system of 88 Vincom shopping malls nationwide is intelligently and systematically planned with professional operations.
Being continuously ranked by prestigious organizations shows the proud efforts of Vincom Retail during 20 years of building and developing the brand. This success also demonstrates the right business strategy and the company's ability to adapt flexibly to the rapid changes of the economy in general and the retail industry in particular.
Specifically, Vincom Retail has successfully built a management model according to international standards, which is a launching pad for the brand to maintain its leading position in the retail real estate industry and maintain growth over the years.
In 2024, the shopping mall chain has successfully demonstrated its role as a "Green Leader" through initiatives to build green consumption habits such as "Go Green - Shop Green - Live Green - Have Fun Green", protecting the environment, saving energy and reducing waste throughout the system. Vincom Retail is also one of the companies that is highly appreciated for its transparent and timely information disclosure, creating trust with investors and customers.
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Vincom Retail also contributes to promoting the Vietnamese retail industry by creating a modern shopping - entertainment - culinary space, with unique and new experiences. "Going to Vincom" has become a popular keyword for Vietnamese people when the system of 88 Vincom shopping malls is a gathering place for famous domestic and international brands, high-class cultural - entertainment events.
Recently, a series of events celebrating the 20th anniversary of Vincom's establishment and development took place from October 23 to November 23, with the highlight being the music night "Coming to Vincom - Hello New Me" which was in the top of the event and music rankings according to Kompa, YouNet, ... with millions of views and discussions.
Information transparency is the guiding principle in Vincom Retail's management activities to ensure compliance with the law.
In addition to creating commercial projects that contribute to changing the urban landscape, Vincom Retail especially emphasizes social responsibility in business activities. In 2024, the company will join the Vingroup ecosystem in the "Sowing Seeds of Kindness" program to support people affected by super typhoon Yagi. The proportion of women in the Board of Directors and Executive Board of Vincom Retail is also higher than average, creating a diverse and creative working environment.
Parking lots at Vincom shopping malls use solar panels.
Ms. Pham Thi Thu Hien, General Director of Vincom Retail Joint Stock Company, shared: “ During 20 years of building and developing the brand, Vincom Retail's aspiration is to become a brand that is close and familiar to consumers, through focusing on creating modern shopping centers, bringing unique and classy experiences.
In the coming time, Vincom Retail will continue to promote core values, effectively implement sustainable development goals, thereby effectively promoting business strategies, expanding brand footprint, increasing attractiveness to domestic and international customers and investors .
With a professional and transparent management system according to international practices, in 2025, Vincom Retail will continue to expand the system with modern shopping centers and bustling commercial areas, thereby increasing the value of the brand and contributing to promoting the development of Vietnam's economy.
Source: https://vtcnews.vn/vincom-retail-duoc-forbes-viet-nam-vinh-danh-2-hang-muc-giai-thuong-ar912941.html
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