Vietnam’s top five brands increase value by $2.3 billion
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Vietnam’s five most valuable brands were worth a combined $8.1 billion in 2018, up $2.3 billion or 39 percent against 2017, Brand Finance estimated. The most valuable brand was military-owned mobile network Viettel at $2.8 billion last year, up 9 percent from $2.57 billion 2017, said the UK brand valuation company. The 47th most valuable telecom brand in the world has operations in Laos, Cambodia, Haiti, Mozambique and Peru.
In second place was Vinamilk, the country’s largest dairy company by far, which was worth $1.9 billion, up 39 percent. State-owned Vietnam Posts and Telecommunications Group (VNPT) was in third place after increasing its brand value by 84 percent to $1.34 billion.
In fourth and fifth places were Vinhomes, the real estate subsidiary of Vietnam’s largest private conglomerate Vingroup, and Sabeco, Vietnam’s biggest brewer, at $1.18 billion and $950 million respectively.
Samir Dixit, CEO, Asia-Pacific of Brand Finance, said: “Branding is the most critical asset of every business. It is difficult to predict the performance and behavior of customers, but the only thing that remains a constant is the brand.”
Brand Finance’s valuation criteria uses several metrics. The value accorded to each brand is a summary of its financial strength. Each brand also gets a brand rating, which indicates its strength, risk and future potential relative to its competitors.
Questions & Answers
Q.Which company had the highest brand value among Vietnam's top five in 2018?
Which company had the highest brand value among Vietnam's top five in 2018?
Viettel, a military-owned mobile network, held the highest brand value at $2.8 billion in 2018. This represented a 9 percent increase from its 2017 valuation of $2.57 billion.
Q.What criteria does Brand Finance use to determine brand value?
What criteria does Brand Finance use to determine brand value?
Brand Finance uses several metrics, with the value accorded to each brand being a summary of its financial strength. Each brand also receives a brand rating to indicate its strength, risk, and future potential against competitors.
Q.Which of the top five brands experienced the largest percentage increase in brand value?
Which of the top five brands experienced the largest percentage increase in brand value?
State-owned Vietnam Posts and Telecommunications Group (VNPT) saw the largest percentage increase in brand value. Its value rose by 84 percent to reach $1.34 billion in 2018.
Q.What was the combined value of Vietnam's top five brands in 2017?
What was the combined value of Vietnam's top five brands in 2017?
The combined value of Vietnam's top five brands in 2017 was $5.8 billion. This figure is derived from the reported $8.1 billion in 2018, which was an increase of $2.3 billion.