Phenikaa Group ranks 25th in the Top 500 Fastest Growing Enterprises in Vietnam in 2021

Recently, Vietnam Report Joint Stock Company (Vietnam Report) in collaboration with VietNamNet Newspaper announced the FAST500 Ranking - Top 500 fastest growing enterprises in Vietnam in 2021. Phuong Group Joint Stock Company Hoang Xanh A&A (Phenikaa Group) excelled in the list with the 25th/500th position, continuing to affirm its leading position in terms of business performance and growth rate in Vietnam in recent years.

According to Vietnam Report, the rankings of enterprises in this year's Ranking are arranged based on the criteria of compound growth (CAGR) in terms of revenue and business performance in the period 2016 - 2019. Besides, other criteria such as total assets, total employees, profit after tax and corporate reputation in the media... are also used as complementary factors to determine the size and position of the business in the industry. The businesses named in the FAST500 Ranking are representatives with good business performance, high growth potential, constant research, innovation, social responsibility and community responsibility.

Phenikaa Group recorded a compound annual growth rate in total revenue and pre-tax profit, increasing by 16.6% and 17.1% respectively in the period 2016 - 2019. In 2020, the COVID-19 pandemic impacted seriously affecting the world economy, disrupting socio-economic activities of countries around the world, the growth of major economies has all decreased deeply. To maintain a position in the market, it is required that businesses have a reputable brand, resources and a solid foundation to be able to withstand unpredictable fluctuations from the situation. In that context, with strategic, flexible and creative solutions, along with the bravery, relentless efforts and solidarity of the entire Board of Directors, officers and employees, the Corporation Phenikaa overcame a difficult and challenging year to stick to its goals and take firm steps to become a leading Technology - Industry Group, specifically:

The Group continues to maintain effective operations in the field of industrial production of ecological materials, affirms its prestige in the market in more than 50 countries, and brings the VICOSTONE® brand to the Top 3 manufacturers of quartz stone. He is the world's leading brand, raising the position of Vietnamese brands in the international market. At the same time, the Group continues to have significant results in the localization strategy and deeply participates in the supply chain and is self-sufficient in more than 90% of input materials for the artificial quartz stone production industry.
The Group has achieved remarkable results in the field of technology by successfully implementing highly applied research and development to support the Group's existing production and business activities; invests strong resources to research deeply, develop technology products connecting IoT, AI and other smart products… with the goal of owning core technology, developing an open ecosystem, utilities, etc. intelligence for humans. Notably, in March 2021, the Group officially announced the self-driving technology solution researched and developed by the Group, and at the same time launched the first level 4 "Made-in-Vietnam" Phenikaa intelligent autonomous vehicle. in Vietnam, marking a new step of Phenikaa Group in the field of technology, improving competitiveness, and increasing production and business activities in a sustainable and environmentally friendly direction.
In the field of education, training and scientific research, Phenikaa Group continues to invest strongly in the education system from primary - junior high - high school to higher and postgraduate education with international standard orientation and basic research, applied research and transfer activities with 7 research institutes and centers; 20 strong and potential research groups…
Regardless of the circumstances, with the goal of realizing all commitments, the Group always maintains the spirit of innovation, constantly strives for a smarter and better life, ensuring the satisfaction of benefits. peace for stakeholders and contribute to the country's socio-economic development.

In recognition of Phenikaa Group's sustainable business development strategy and conscious business culture, only from the beginning of 2021, many prestigious domestic and international organizations have awarded noble awards. for Phenikaa and its subsidiaries: Phenikaa Group is ranked in the Top 500 Highest Growth Companies in the Asia Pacific region, Vicostone is ranked in the Top 500 Fastest Growing Enterprises in Vietnam and Top 10 Companies Prestigious Building Materials Company, PHX Smart School won Sao Khue Award with technology solutions using artificial intelligence (AI) and IoT for smart schools, Phenikaa University - One of four prestigious universities credit in Vietnam according to the international ranking of Times Higher Education (THE)…