VietNamNet Bridge – The only Vietnamese corporation in the six companies shortlisted as the World Economic Forum’s (WEF) Global Growth Companies in East Asia 2015 was the Binh Duong-based Hoa Sen Group – the leading manufacturer of building materials in Vietnam.

Deputy PM Nguyen Xuan Phuc (second from the right) at the WEF on East Asia.

The WEF on April 20 announced its selection of Global Growth Companies (GGCs) regional finalists for East Asia.

GGCs are fast-growing companies with the potential to become global economic leaders. The nominated companies represent a broad cross-section of industry sectors and share a track record of exceeding industry standards in revenue growth, promotion of innovative business practices and demonstration of leadership in corporate citizenship.

The regional finalists for East Asia are:

Amata Corporation(Thailand) – the largest listed conglomerate in the industrial estate sector in Thailand

GrabTaxi(Malaysia) – a fast-growing automated taxi booking platform in South-East Asia

Hoa Sen Group(Vietnam) – a leading manufacturer of building materials in Vietnam

Sritex/Sri Rejeki Isman(Indonesia) – one of the largest garment manufacturer in East Asia

Tokopedia(Indonesia) – a popular marketplace site which enables individuals and business owners to open online stores

Trade and Development Bank(Mongolia) – a leading provider of banking and financial services in Mongolia

All GGC candidates are mainly evaluated according to the following four criteria:

Growth: Demonstrated track record of above average, sustainable growth in the past three to five years

Impact: Major influence in their industry and national or regional competitive fields

Leadership: Top executive team has demonstrated visionary leadership

Global corporate citizenship: Proven commitment to positively influencing the societies and regions in which they operate

“Global Growth Companies are the most dynamic, high-growth companies from around the world. They are best described as the trailblazers, shapers and innovators that are committed to improving the state of the world. Currently, Global Growth Companies come from more than 65 countries and each one has the potential to become a leader in the global economy owing to their business models, growth records, leadership and the markets they serve”, said Rodolfo Lara Torres, director and head of Global Growth Companies.

Hoa Sen Group is a leading enterprise in manufacturing and trading steel sheets in Vietnam and the leading exporter of steel sheets in Southeast Asia. Selected as a GGC, the Group joins the existing GGC community of over 380 enterprises worldwide. It contributed to the Forum’s meetings, projects and knowledge products, which in turn supported it on its path to achieving responsible and sustainable growth.

Nam Son