Top 10 Most Valuable Brands in Vietnam for 2021

Vinhomes is Vietnam's largest commercial real estate developer. Originally established as a subsidiary of Vingroup, the company became independent in 2018 with 10% of its shares sold through an IPO. On its first day of trading, Vinhomes quickly became the second-largest public company in Vietnam after Vingroup. The company operates in 40 cities across the country and owns 16,000 hectares (62 square miles) of land. Vinhomes is also one of the co-owners of Landmark 81, the tallest building in Vietnam. As the leading real estate investment, development, and management company, Vinhomes has set the standard for quality, growth, and service excellence. The company is driving the sustainable growth of the Vietnamese real estate market while expanding internationally. Vinhomes is committed to creating ideal living environments in urban areas, offering expertly planned residential communities, integrated services, and green spaces that help shape a modern, high-quality lifestyle for Vietnamese citizens. Vinhomes aims to foster connected communities and vibrant living environments, providing a sustainable and dynamic space where residents can enjoy a high standard of living every day.

Vinhomes is committed to the following principles: Premium Products: Elegant, refined designs that harmonize with the surrounding architecture, offering modern conveniences and the best living conditions for every family. Integrated Amenities: Stable water supply, ready access to hot water, and reliable backup power for public areas. Professional Services: A 24/7 customer service center available to assist residents with information on the community, services, and requests. Advanced Security: A cutting-edge security system with state-of-the-art equipment and trained security personnel on duty around the clock. Regular patrols and checkpoints ensure safety across the property. At Vinhomes Riverside, surveillance cameras cover 100% of the roads. Green Environment: Each Vinhomes community is built on the philosophy of 'Where life blends with nature,' featuring lush green spaces, parks, and the Aqua City waterfront square, all thoughtfully designed to enhance the community’s well-being. Vinhomes' ecological architecture and commitment to environmental protection provide lasting benefits for the entire community.

Website: https://vinhomes.vn/vi

Vietnam Bank for Agriculture and Rural Development (Agribank) is the largest commercial bank in Vietnam by total assets and a special state-owned enterprise. Founded on March 26, 1988, it was initially named the Vietnam Agricultural Development Bank. By the end of 1990, it became the Vietnam Agricultural Bank, and in 1996, it adopted its current name, Agribank. In 2003, the President of Vietnam honored Agribank with the title of Labor Hero for its contribution during the Renovation Period. By 2020, Agribank became the leading state-owned commercial bank in Vietnam in terms of equity, total assets, network scale, staff, and customer base, with nearly 40,000 employees and over 2,300 branches and transaction offices. Agribank’s total assets exceeded 1.57 trillion VND, surpassing BIDV to become the largest bank in Vietnam. Its capital reached over 1.45 trillion VND, and the total loan portfolio to the economy exceeded 1.21 trillion VND, with nearly 70% of loans allocated to agriculture and rural development. Agribank has established connections with nearly 900 banks in 90 countries and territories worldwide.

As a fully state-owned entity, Agribank holds a dominant position in agricultural and rural credit, accounting for nearly 70% of its total lending. The bank plays a pivotal role in supporting the government’s policies with seven national credit programs and two national initiatives for rural development and sustainable poverty reduction. Agribank has received numerous accolades, including the Labor Hero title, Labor Orders, Vietnam Gold Star, and recognition for its contributions to sustainable development. It is ranked among Vietnam’s Top 10 largest companies (VNR500), and has been recognized as a top taxpayer and one of the country’s most outstanding enterprises. Agribank is also a leader in supporting high-tech agricultural investments and community development.

Website: https://www.agribank.com.vn/

Joint Stock Commercial Bank for Foreign Trade of Vietnam - Vietcombank is the largest company on the Vietnam stock market by market capitalization. Vietcombank officially began operations on April 1, 1963, under Decree No. 115/CP issued by the Government Council, having been separated from the Foreign Exchange Bureau of the State Bank of Vietnam. During the period from 1963 to 1975, amid the intense Vietnam War, Vietcombank successfully undertook the historic task of being the only foreign trade commercial bank in Vietnam, contributing to the economic development of North Vietnam while also supporting the war effort in the South. In April 1965, by the directive of the Politburo, the State Bank of Vietnam established a special payments organization, code-named B29, within Vietcombank to handle foreign currency aid funds.

In 2021, Vietcombank employed 30,115 people and had a diverse network, including its headquarters, a training and development center, two cash processing centers, 116 branches nationwide, four subsidiaries in Vietnam, three overseas subsidiaries, two joint ventures, one affiliate company, a representative office in the US, a representative office in Singapore, and a representative office in Ho Chi Minh City. Additionally, Vietcombank operates an Autobank network with over 2,100 ATMs and more than 49,500 POS terminals across the country. The bank's operations are further supported by a network of over 1,800 correspondent banks in more than 155 countries and territories. Vietcombank offers a wide range of services, including accounts, cards, savings and investments, money transfers, personal loans, and insurance.

Website: https://www.vietcombank.com.vn

Saigon Beer, Alcohol, and Beverage Corporation - Sabeco is a joint-stock enterprise in Vietnam. Although a joint-stock company, the state holds nearly 90% of its charter capital, with the Ministry of Industry and Trade acting as the state’s representative in the company. The corporation owns the Saigon Beer and 333 Beer brands. The company traces its origins back to a small brewery founded by Victor Larue, a Frenchman in Indochina, in Saigon in 1875. Thirty-five years later, in 1910, the brewery grew into a complete factory producing beer, soft drinks, and ice. In September 1927, the factory officially joined the BGI Group of France, and 50 years later, in 1977, it was managed by the Southern Alcohol and Beer Company. The factory was then renamed Saigon Brewery and entered a new era as a state-owned enterprise operating within the centrally planned socialist economy.

With the current global economic integration, the right strategy plays a pivotal role in the company’s growth. Thanks to consistent efforts and continuous innovation, Saigon Beer now holds the leading position in the Vietnamese beer industry and has been awarded the National Brand recognition five times in a row. Saigon Beer is also proud to be the 351st member of the Berlin Beer Academy, one of the world’s centers of beer culture. The Sabeco brand contributes significantly to the global development of Vietnam’s beverage industry, promoting Vietnamese culinary culture. It enhances the quality of life by providing high-quality, safe, and nutritious beverages, benefiting shareholders, customers, partners, employees, and society. Sabeco also meets international food safety standards, ensures environmental protection, fulfills its obligations to the state transparently, participates actively in community activities, and ensures international integration.

Website: https://www.sabeco.com.vn/

Vietnam Oil and Gas Group - Petrovietnam is a national oil and gas corporation under the control of the Vietnamese government. Its mission is to carry out all activities related to the exploration, extraction, and value enhancement of the country’s oil and gas resources. Petrovietnam operates as a legal entity under Vietnamese law, consisting of its parent company and various subsidiaries. This structure was established following the reorganization of the Vietnam Oil and Gas Corporation as per Decision No. 198/2006/QD-TTg issued by the Prime Minister in August 2006. Over the past 60 years, Petrovietnam has become a key player in the national economy, making significant contributions to the defense and development of the country while consistently boosting the national budget.

Petrovietnam’s consolidated assets now stand at $37 billion, with $21 billion in equity. With a workforce of nearly 60,000 skilled professionals, the corporation has developed a comprehensive oil and gas infrastructure, covering every step from exploration and drilling to transportation, storage, and refining. Oil and gas exploration and extraction remain the company’s core operations, which have expanded not just in Vietnam but across multiple countries. Thanks to efficient exploration and extraction practices, Vietnam, once without an oil industry, is now the second-largest oil producer in Southeast Asia and the 28th largest globally. Petrovietnam has mastered cutting-edge technologies in the field and continues to build and operate integrated gas systems, including those for exploration, transport, processing, and distribution, such as the Cuu Long, Nam Con Son, PM3-Ca Mau, and Ham Rong - Thai Binh systems.

Website: https://www.pvn.vn/Pages/default.aspx

MobiFone Telecommunications Corporation, initially known as Vietnam Mobile Information Company, is a key player in the field of mobile telecommunications in Vietnam. MobiFone specializes in designing and building mobile networks, offering modern mobile services including GSM 900/1800, as well as advanced 3G/4G/5G technologies. Over time, MobiFone has also supported various popular TV game shows. The company was established in April 1993 under the name Vietnam Mobile Information Company, originally a part of the Vietnam Posts and Telecommunications Group (VNPT). It became the first enterprise in Vietnam to offer mobile telecommunications services. In the early years, MobiFone had limited resources and initially provided services to a small test group. However, from 1994 to 1995, MobiFone expanded its coverage across all regions of Vietnam, with the establishment of three mobile information centers in Hanoi, Ho Chi Minh City, and Da Nang. To strengthen its infrastructure, MobiFone signed a 10-year business cooperation contract with Kinnevik/Comvik (Sweden) from 1995 to 2005.

In 2014, MobiFone underwent a major organizational shift, transitioning from a single-member LLC to a state-owned corporation, operating with 100% state capital. That year also marked a change in its management structure, moving from VNPT to the Ministry of Information and Communications, granting MobiFone more autonomy. Looking forward to 2020, MobiFone plans to “publicize” 35% to 50% of its capital, reducing its reliance on state funding. In addition to its business success, MobiFone is well-known for being a desirable workplace, earning recognition as one of the “Best Workplaces” for four consecutive years from Nielsen/Anphabe. The company is praised for its competitive salaries, employee satisfaction, and strong leadership, creating a workplace that fosters creativity and enthusiasm. Today, MobiFone employs over 4,000 people, and its employees contribute significantly to the national budget, with an estimated average contribution of 9.62 billion VND per person annually, one of the highest labor productivity rates in the industry.

Website: https://www.mobifone.vn/

VietinBank (Vietnam Joint Stock Commercial Bank for Industry and Trade) is one of the largest commercial banks in Vietnam. Established in 1988 after separating from the State Bank of Vietnam, it was initially called IncomBank. In 2008, the bank rebranded to VietinBank. Today, VietinBank operates with a vast network, including one headquarters, 150 branches, and over 1000 transaction offices and savings units nationwide. The bank is a leading, modern, and highly efficient financial institution in Vietnam, with plans to be ranked among the top 20 banks in the Asia-Pacific region by 2030. By 2045, it aims to be the most powerful and reputable bank in Vietnam and a top-tier bank in the Asia-Pacific region, with global recognition. VietinBank's mission is to lead in national development by offering optimal value to its customers, shareholders, and employees.

VietinBank is committed to focusing on its customers' needs as the foundation of its service. The bank listens closely to its clients and works with all stakeholders to offer solutions that meet their needs, ensuring safety and security for both internal and external clients. Continuously innovative and modern, VietinBank is dedicated to creating the best value for its clients while contributing to national development. The bank maintains strong ethical standards, promoting transparency, compliance, and accountability throughout its operations. VietinBank also fosters a culture of respect, responsibility, and attentiveness to all clients, partners, shareholders, and employees, while embracing its social responsibility as a key role and privilege.

Website: https://www.vietinbank.vn/web/home/vn/index.html

Viettel Military Telecommunications Group is one of the world's top 15 fastest-growing telecommunications companies. Ranked 28th in the top 150 most valuable telecom operators globally, Viettel boasts a brand value of $5.8 billion, leading Southeast Asia and ranking 9th in Asia. In 2020, it received the 'Best in Test' certification from leading telecom testing company Umlaut. Viettel also earned the Silver Award for 'Best New Telecom Product' at the 2020 International Business Awards for its ultra-fast data package ST15K. Additionally, it was named 'Service Provider of the Year' in emerging markets in 2009 and 'Best Mobile Data Provider in Vietnam' in 2019 by Frost & Sullivan. Viettel's customer service team was awarded the Silver Stevie Award for 'New Customer Service of the Year' in 2014 for its indigenous language call center service.

Viettel operates nearly 120,000 2G-5G transmission towers across the country, including remote areas, borders, and islands. It has the largest 4G network in Vietnam, with 45,000 towers covering 97% of the population. Viettel also operates the largest fiber-optic infrastructure in Vietnam, spanning over 380,000 km, and the largest GPON infrastructure in the country, with more than 11 million ports, reaching 100% of districts, islands near the coast, and 95% of communes nationwide. A pioneer in 5G services, Viettel is dedicated to serving each customer as an individual who deserves respect, attention, and personalized care. Continuously innovating alongside customers, Viettel aims to deliver increasingly refined products and services. The core values of Viettel guide its commitment to customers, partners, investors, society, and its own team, ensuring the company remains a creative business that serves humanity.

Website: https://vietteltelecom.vn/

Vietnam Posts and Telecommunications Group (VNPT) recently received several prestigious awards at the 2022 IT World Awards, including 5 Gold, 4 Silver, and 3 Bronze accolades. Recognized for its significant contributions to building socialism and protecting the nation, VNPT was honored with the title of Labor Hero for the 1999-2009 period by the President of Vietnam on December 22, 2009. VNPT has played a pivotal role in establishing Vietnam as one of the top 10 fastest-growing countries in the global postal and telecommunications sector. In January 2006, VNPT officially became the Vietnam Posts and Telecommunications Group, replacing the previous State-owned enterprise model under Decision No. 06/2006/QĐ-TTg by the Prime Minister. The company embarked on a development strategy as a core economic group, focusing on multi-sector business operations, with postal services, telecommunications, and IT as the backbone.

On June 24, 2010, VNPT transitioned to a State-owned single-member limited liability company, as per Decision No. 955/QĐ-TTg. Following a restructuring in 2014 under Decision No. 888/QĐ-TTg, VNPT now employs nearly 40,000 staff members, operates cutting-edge telecommunications infrastructure, and provides nationwide services covering all 63 provinces. VNPT proudly serves around 30 million mobile subscribers, nearly 10 million landline users, and millions of Internet users. Its offerings include telecommunication services, information technology, multimedia communications, consultancy, design, installation, maintenance, repair, and leasing of telecommunications and IT infrastructure, as well as research and development of telecommunications equipment. Additionally, VNPT is involved in real estate, financial services, and organizing events related to telecommunications and IT.

Website: https://vnpt.com.vn/

Vietnam Dairy Products Joint Stock Company - Vinamilk is a leading dairy manufacturer and distributor in Vietnam, known for its wide range of dairy and related products. According to the United Nations Development Programme, it was the 15th largest company in Vietnam as of 2007. Vinamilk currently holds a dominant position in the dairy industry, commanding over 54.5% of the liquid milk market, 40.6% of the powdered milk market, 33.9% of the drinking yogurt market, 84.5% of the yogurt market, and 79.7% of the condensed milk market nationwide. In addition to its strong domestic presence, with over 220,000 retail points across all 63 provinces, Vinamilk exports its products to 43 countries, including the USA, France, Canada, Poland, Germany, Japan, and various Middle Eastern and Southeast Asian countries. Over the past 40 years, Vinamilk has built 14 production plants, 2 logistics centers, 3 regional sales offices, a dairy plant in Cambodia (Angkormilk), and a representative office in Thailand. In 2018, Vinamilk was ranked among the top 200 companies in the Asia-Pacific region with revenues exceeding $1 billion.

The company's core operations involve the processing, manufacturing, and sale of fresh milk, canned milk, powdered milk, nutritional products, yogurt, condensed milk, soy milk, beverages, and other dairy products. Vinamilk's products are also exported to markets such as Cambodia, the Philippines, Australia, and several Middle Eastern countries, with export sales accounting for 13% of total revenue. In 2011, Vinamilk expanded into the fruit and vegetable sector, which quickly gained traction, securing a 25% market share in the retail supermarket channel. In February 2012, the company further expanded into the children's fruit juice market. Vinamilk’s vision is to become a leading symbol of trust in Vietnam for nutritional products, dedicated to enhancing human life and health. The company pledges to provide the community with high-quality nutrition products, driven by respect, love, and a strong sense of responsibility towards human life and society.

Website: https://www.vinamilk.com.vn/