A Phenikaa Group representative poses for a photo at the award ceremony in Hanoi. (Photo courtesy of Phenikaa) Granted by Vietnam Report JSC and the online newspaper VietNamNet, the awardaims to recognise businesses with effective operation, high profits andsustainable development.
This is 5th consecutive year Phenikaa and 6th consecutive year its membercompany, Vicostone JSC, have been listed in the top 500 most profitableenterprises in Vietnam.
According to Vietnam Report, as growing risks and uncertainties loom on theglobal economy, businesses have been facing an increase in prices and costsamid inflation pressure. Such a context further highlights the importance ofselecting and honouring the most profitable enterprises, thus elevating thebrands of Vietnamese businesses in both domestic and international markets.
With a solid foundation, Phenikaa Group will further embrace its internalstrength, while expanding and investing its comprehensive resources in thesustainability of the Group's 3-Centers Ecosystem, including Business,Education and Training, Scientific and Research.
In the industry sector, Phenikaa continues to affirm the prestige of theVICOSTONE® brand in more than 50 countries, maintaining its position in the topthree largest suppliers of engineered stone countertops to the global market.
Besides, Phenikaa Electronics Factory and Phenikaa Lighting - Natural lightingtechnology for human health, were both introduced in July 2022. The launchingof Phenikaa Lighting with its LED products is a strong evidence of theefficiency of the Phenikaa Ecosystem which is a prominent case among several ofthe group's innovative efforts and achievements.
In the technology sector, Phenikaa has actively invested in extensive research,development and ownership of core technology to serve the essential needs ofthe digital economy such as self-driving, digital maps and light sources. Fromthese core technologies, Phenikaa has expanded into a number of applicationsolutions such as self-driving cars, IoT devices, smart maps, smart robots andsmart lighting solutions. They all serve their parts in the vision of a futuresmart city, where urban life is modernised and convenient at its best.
In the education and training area, Phenikaa has built a system of educationalinstitutions according to international standards, with an experience-orientedand self-contained training model from primary and secondary education(Phenikaa School) to higher education (Phenikaa University). The trainingprogramme is constantly being consolidated and optimised, with increasingcooperation with top international schools and continuously improved quality ofstudents. These initial achievements have played a significant role in thecommunity's recognition of Phenikaa’s education and training sector.
Furthermore, in the field of scientific research, Phenikaa has made sufficientinvestments in research, considering it a key mission to yield competitiveadvantages. The group has also prioritised the transfer and commercialisationof research results, to serve social and community needs. Currently, Phenikaahas five research centres and research institutes with advanced machinery andequipment to assist more than 20 experienced research groups.
In the healthcare sector, with the strength of human resources trainingplatforms for medicine, pharmacy and scientific research, the group has takenthe first step in building modern facilities and boosting investment in thefield of healthcare.
There are two hospitals following the model of a smart hospital and apharmaceutical factory with the goal of researching, developing andmanufacturing pharmaceuticals and vaccines according to WHO-GMP and EU-GMPstandards, providing pharmaceutical testing services and bioequivalence toimprove human health and the quality of life.
From now until the end of 2023, rising inflation, global economic-politicalinstability, supply chain disruptions and a decline in consumer purchasingpower will continue to be the pressures on Phenikaa and the business community.
Thus, the above-mentioned award is not only a recognition of the capability andinitiative approach of Phenikaa, but also a leverage to improve the brand'sreputation and the group's advantage in accessing new business opportunities,within the context of strengthening economic integration, according to the group./.
VNA
