SMEs in Vietnam conduct SME100 Fast Moving Companies Awards

By Ashish Mitra --
Wednesday, 03 Feb, 2021

SMEs in Vietnam were recently celebrated in a glittering ceremony highlighting their achievements in a challenging year. Held in Ho Chi Minh City, the SME100 Fast Moving Companies Awards ceremony debuted in its first year in Vietnam having been established as the premier regional awards for SMEs in Malaysia, Singapore and Indonesia.

This year, more than 612 companies were nominated, with 225 companies selected in the shortlist and 39 companies selected as winners. The SME100 Awards utilises a basket of quantitative and qualitative criteria with a focus on growth (turnover, profit and market share) and resilience (best practices, sustainability and vision) to identify and recognise the top performing SMEs in the region.

“When the SME100 was first organized 11 years ago, the market and the economy were very different than today. As the pace of change accelerates, so does the pace of volatility, uncertainty, complexity, and ambiguity. Running a business today is far more difficult than eleven years ago,” said William Ng, group publisher and editor-in-chief of SME Magazine.

“As some of Vietnam’s most successful businesses; you will be carrying the flag of Vietnam internationally. With the SME100, a truly regional award, you will be carrying this flag with pride and with a sense of greater responsibility, especially since you will be the first in Vietnam to win this award,” Ng added.

Along with the SME100 Fast Moving Companies Awards, a new survey conducted by SME Magazine also revealed that employees of small and medium enterprises (SMEs) in Vietnam believe in their employers despite the challenges of COVID-19.

The SME100 Experience Survey conducted in partnership with Willis Towers Watson for the SME100 Awards was done to help SMEs better understand their employees’ perspectives, enabling data-driven insights into the importance of developing a great employee experience.

By studying responses from organisations in Vietnam, it was found that overall, Vietnamese SMEs scored an average of 92 percent in employee experience. This is 8 per cent higher than other countries in the region. Crucially, 4 out of 5 respondents are also willing to recommend their company as a good place to work.

SMEs in Vietnam conduct SME100 Fast Moving Companies Awards . SMEs in Vietnam were recently celebrated in a glittering ceremony highlighting their achievements in a challenging year. Held in Ho Chi Minh City, the SME100 Fast Moving Companies Awards ceremony debuted in its first year in Vietnam having been established as the premier regional awards for SMEs in Malaysia, Singapore and Indonesia.

This year, more than 612 companies were nominated, with 225 companies selected in the shortlist and 39 companies selected as winners. The SME100 Awards utilises a basket of quantitative and qualitative criteria with a focus on growth (turnover, profit and market share) and resilience (best practices, sustainability and vision) to identify and recognise the top performing SMEs in the region.

“When the SME100 was first organized 11 years ago, the market and the economy were very different than today. As the pace of change accelerates, so does the pace of volatility, uncertainty, complexity, and ambiguity. Running a business today is far more difficult than eleven years ago,” said William Ng, group publisher and editor-in-chief of SME Magazine.

“As some of Vietnam’s most successful businesses; you will be carrying the flag of Vietnam internationally. With the SME100, a truly regional award, you will be carrying this flag with pride and with a sense of greater responsibility, especially since you will be the first in Vietnam to win this award,” Ng added.

Along with the SME100 Fast Moving Companies Awards, a new survey conducted by SME Magazine also revealed that employees of small and medium enterprises (SMEs) in Vietnam believe in their employers despite the challenges of COVID-19.

The SME100 Experience Survey  conducted in partnership with Willis Towers Watson for the SME100 Awards was done to help SMEs better understand their employees’ perspectives, enabling data-driven insights into the importance of developing a great employee experience.

By studying responses from organisations in Vietnam, it was found that overall, Vietnamese SMEs scored an average of 92 percent in employee experience. This is 8 per cent higher than other countries in the region. Crucially, 4 out of 5 respondents are also willing to recommend their company as a good place to work.