This is the first time that the list of Top 50 Innovative Enterprises Vietnam 2023 (VIE50) and Top 10 Innovative Enterprises Vietnam 2023 (VIE10) have been announced, based on work by Viet Research.

The announcement ceremony of innovative enterprises will take place on the afternoon of June 28 at Pullman Hanoi Hotel

The enterprises will be honoured in the following industries: processing - manufacturing, ICT, pharmacy - medical equipment, logistics, banking, insurance, retail, high-tech agriculture, food beverage, and construction - real estate.

All businesses involved have applied creativity and innovation in activities, contributing to improving production and business efficiency.

The event will be attended by more than 200 representatives from businesses honoured in the VIE50 and VIE10 lists, as well as domestic and international experts.

At the event, World Bank lead economist for Vietnam Andrea Coppola will give a presentation on the importance of productivity growth and innovation towards the goal of turning Vietnam into a high income country by 2045.

Dr. Vu Minh Khuong, associate professor from the Lee Kuan Yew School of Public Policy at the National University of Singapore, will also share in detail the key determinants to helping Vietnamese businesses accelerate development through innovation.

In addition, Dr. Vo Tri Thanh, director of the Institute for Brand and Competition Strategy, will discuss the innovation environment for the Vietnamese business community and difficulties that need to be overcome.

According to a quick survey among VIE50 and VIE10 companies, 84 per cent of businesses consider innovation an important key to innovating and improving products, services, and processes, while 70 per cent of businesses expect to increase their budget for innovation for at least the next two years.