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VNRE - Vingroup was recently honored as a Founding Member of the World Economic Forum (WEF) one year after it joined the WEF community of Global Growth Companies (GGC). The WEF bestows this senior title to recognize 1,000 outstanding enterprises from all over the world that have stimulated domestic economic growth and shown strong potential for international development.

Since joining the WEF on July 1, 2011, Vingroup has been highly appreciated by the WEF for its outstanding growth as well as its strong regional position and influence. The WEF acknowledged Vingroup as the leading real estate company in Vietnam, with a strong independent financial capacity and great potential for growth in both domestic and international markets.

The WEF noted that Vingroup is well respected and has an extremely good reputation among its domestic and international customers and partners. Vingroup’s management was also praised for their dynamic pioneering spirit and for being “wonderful ambassadors of the Vietnamese economy.”

Vingroup’s foundation membership will take effect on January 1, 2013. The title is given to only 1,000 enterprises that are leaders of major industries in their countries and have shown a level of international influence.

This new position offers Vingroup a greater voice in global economic issues and also entitles its representative to attend the Davos Annual Meeting of scholars, experts, scientists and leaders of international organizations and the world’s biggest corporations. The Davos Annual Meeting is a global network of prestigious enterprises that opens up opportunities for businesses seeking initiatives, investment and cooperation with potential partners. WEF founding members report that 25-30% of their annual revenue is derived from the cooperation agreements signed at the Davos Meeting.

“We are ready to share and take advantage of new opportunities through the WEF, and maximize the benefits of being a member of the world’s largest network of enterprises. This honor, along with Vingroup’s other regional and international awards, has confirmed our new internationalization strategy and we hope it will present a positive and dynamic image of Vietnam to the world,” said Ms. Le Thi Thu Thuy, Vice Chairman cum General Director of Vingroup.

Founded in 1970, the World Economic Forum (WEF) is an independent international organization committed to improving the state of the world by encouraging political, academic, social and business leaders to shape global, regional and industry agendas. With a membership of nearly 2,500 top business leaders, politicians, scientists and experts from 90 countries, the WEF is the world’s largest and most influential economic forum. Its most important meeting of the year is scheduled to take place from January 23 to 27, 2013 in Davos, Switzerland.

Source: VinGroup

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