Top SME Companies in Vietnam

The Small and Medium Enterprises (SMEs) in Vietnam have been a significant contributor to the country's economic growth and development. The industry plays a crucial role in job creation and innovation, particularly in rural areas. In this article, we will examine the key statistics from 2022, the factors contributing to the industry's growth and success, industry growth and comparison to previous years, key trends, challenges, and future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
ZHONGGUO REMITTANCE PTE LTD16 +65 6223 6366

TICKLED MEDIA (THEASIANPARENT GROUP)18 +65 6344 2865

ĐIỂM NHẤN GROUP18 +84 28 7309 9979

After more than 10 years of establishment and development in the field of beauty and spa vocational training, Diem Nhan Group owns certain positions with major brands such as: SEOULSPA, SEOUL CENTER, SEOUL ACADEMY, LAASKIN cosmetics, PEACE HOTEL, SLIFE company, and BEAUTY WORD mall

SODEXO BENEFITS AND REWARDS SERVICES5,572 +65 6800 5700

At Sodexo Benefits and Rewards Services we partner with companies to build distinctive Employee Experience and seamless Mobility and Expense Management solutions both for within and beyond the workplace, proven to boost engagement and drive business success. Our services, from healthy meal to seasonal gifting, help ensure employees feel valued on an ongoing basis. Our learning tools develop employees professionally. Our incentive and recognition programs drive people’s performance & inspire their behavior. Our wellness and well-being services enable employees to achieve a work-life balance and support their personal priorities and challenges. And our all-in-one platforms (fuel cards, mobility pass, travel booking, expense management, advanced analytics) provide real time visibility for clients while making their employees’ mobility a seamless and simplified experience.Sodexo Group is the global leader in Quality of Life Services, an essential factor in individual and organizational performance. Operating in 55 countries, our 412,000 employees serve 100 million consumers each day. We provide flexible food experiences, but also design attractive and inclusive workplaces, manage and maintain infrastructure in a safe and environmentally friendly way or even create programs fostering employee engagement. For us, growth and social commitment go hand in hand. Our purpose is to create a better everyday for everyone to build a better life for all.Sodexo Benefits and Rewards Services key figures:A GLOBAL FOOTPRINT3.8 million Daily transactions across our platforms4 800 Employees470 000 Clients1.3 million Affiliated merchants worldwide35 million Consumers 31 Countries

COLLINSON1,612 +65 6221 2346

Collinson is the global, privately-owned company dedicated to helping the world to travel with ease and confidence. We work with the world’s leading payment networks, over 1,400 banks, 90 airlines and 20 hotel groups worldwide. We deliver market-leading airport experiences, loyalty and customer engagement, and insurance solutions for over 400 million end consumers. We are also the operator of Priority Pass, the world’s original and leading airport experiences programme. Travellers can access a network of 1,300 lounges and travel experiences, helping to elevate the journey into something special.  Private ownership means we can focus on the values that are important to us. These drive everything we do and result in us acting with integrity and agility while making long-term investments and decisions.

JARDINE MATHESON638 +65 6362 0660

Jardine Matheson is a diversified Asian-based group with a broad portfolio of market-leading businesses. We are one of the top 200 publicly traded companies in Asia, and a member of the Fortune Global 500. Across the Group, our 400,000 employees work in a wide range of businesses in major sectors including motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, transport services, restaurants, luxury hotels, financial services, heavy equipment, mining and agribusiness.We operate principally in China and Southeast Asia, where our subsidiaries and affiliates can leverage and tap our vast experience, expertise, networks, and long-standing relationships in the region. Our goal is to help Group companies achieve sustainable growth over the long term by providing financial and other resources.Principled leadership, a long-term perspective, innovative thinking and a commitment to mutual growth inspire us. They also underpin our businesses which provide products, services, and experiences that impact the lives of many millions every day. These values also apply in our workspaces, where we strive to provide positive, safe working environments. We are also committed to improving communities through programmes that make a difference in environmental stewardship, education, mental health and more.

NIMBUS18 +65 8787 4824

Nimbus makes it easy to run an office by providing office managers with office cleaning, landscaping, pest control services, supply stock ups and maintenance services for commercial offices and workspaces. Nimbus provides a total office management solution through a combination of in-house operators and third-party service partners. Customers choose Nimbus because they know we put them first. Nimbus is proud to champion a good jobs strategy for our industry by providing higher wage outcome for our workers. Go to www.nimbusforwork.com to find out more.

PACIFIC LICENSING STUDIO92 +65 6250 7797

Pacific Licensing Studio Pte Ltd (PLS) is a licensing and brand management company headquartered in Singapore with offices throughout Greater China & Southeast Asia. PLS specializes in consumer products licensing, retail solutions and promotional/sponsorship opportunities for IP brands. The team from PLS has diverse interests and experience, having worked on entertainment, sports, fashion and lifestyle brands. Our clients include Warner Bros. Consumer Products, DreamWorks Animation, FIFA, Rovio Entertainment, Hurlingham Polo Association, Tokidoki, and King.Our primary services are:· Licensing - All traditional product categories (hardlines & softlines), branded food & personal care and publishing.· Licensed promotions, including FMCG, QSR, retail, media and financial services among others.· Strategic consumer brand management and consultation with a key focus and expertise in the Asian consumer & retail markets.· Development & implementation of integrated marketing solutions covering trade, retail and promotional.· Retail account management for your brands, including direct to retail solutions, in-store retail promotion activation & live events.· Retail channel management, placing your brand’s products in channels that achieve the correct balance between revenue generation and brand building – mid-tier and mass, specialty and e-commerce, convenience and sporting goods.· Other licensing agency services include brand assurance, creative direction (design, styleguide, product application), contract administration and finance functions (invoicing, royalty tracking & reporting).· Merchandising, product & premium development, sourcing and trading consultation.

PETROVIETNAM GENERAL SERVICES (PETROSETCO)75 +84 28 3911 6789

PetroVietnam General Services Joint Stock Corporation (PETROSETCO) is a member of Vietnam Oil and Gas Group (PetroVietnam) operating in 4 main segments, Distribution Services, Supply chain Services, Catering Services and Property Services.+ Vision: To be the best choice in distribution, trading and services in Vietnam.+ Mission: Being proactive in every activity to provide outstanding quality services and ensure ultimate benefits for our partners, customers and employees.+ Core value: Determination - Professionalism - Humanity - EffectivenessFor more information: www.petrosetco.com.vn

THIEN PHAT CONSULTANCY & TRADING CO. LTD2 +84 91 355 84 87

Proudly Vietnamese, Thien Phat Consultancy & Trading Co. Ltd (TPCT) is a service oriented company established 2018 with a vision to create a first class integrated services structure and other business solutions within the entire region. While various services are offered our core business is the commodity trading and distribution that puts the best management know-how, state-of-the-art technology and efficient logistic follow-up to work for you and your company needs. In order to provide the kind of service that not only will ensure the retention of our customers but also attract others, we have established partnerships with some of the most reputable manufacturer in the commodity industry in Vietnam and China. TPCT has a dedicated team of experts working around the clock to make sure that our customers get the best information, products, price and business management, which they need to become more better informed, exact merchandise, profitable and competitive for all their business cycle.

QNET LTD3,944 +65 6491 0899

QNET is a prominent lifestyle and wellness company that uses a direct selling business model to offer a wide selection of exclusive products that enable individuals to embrace a healthier, more balanced life. Established in 1998, QNET marks 25 years of making an impact around the world through its product offerings and e-commerce-powered business model, in 2023.QNET proudly holds memberships in the Direct Selling Association in several countries, the Hong Kong Health Food Association, the Health Supplements Industry Association of Singapore, and more. QNET is also active in several global sports sponsorships including in its role as the official direct selling partner of the Manchester City Football Club and the Confederation of African Football (CAF), underscoring its commitment to excellence and global reach. To learn more about QNET and its mission of RYTHM – Raise Yourself To Help Mankind, please visit www.qnet.net.

TWENTYFIVE19 +65 8949 0774

Striving to build the Pet Care Brands of the FutureAt twentyfive, this is exactly what we want to achieve!Our mission is to build a bond between pets and humans for a lifetime.We believe that everyone that has ever owned a pet has experienced one of the purest forms of full dependency and selfless unconditional love. We drive ourselves by innovating new brands and products that help us build and extend moments that help every pet owner to solidify and experience those moments.Everyone at twentyfive takes pride in what we do, with a shared vision to create a wholesome experience for everyone that uses our products or shop at our stores. We are committed to our mission of spreading that sense of experience, making pet ownership fun, fulfilling and lasting.

TEKBOX DIGITAL SOLUTIONS PTE. LTD.16 +65 6602 8200

Tekbox Digital Solution provides Hardware and Firmware Design Services for the Electronics Industry. Tekbox can cover all steps from Requirement Specification to the final product / handover to volume manufacturing. In order to speed up time to market, Tekbox assembles prototypes and small volumes in house.

URBOX - DIGITAL REWARDS & LOYALTY SOLUTION94 +84 1900 299232

UrBox is a digital rewards & loyalty solution that helps businesses integrate their reward or loyalty program with an ever-growing network of national and international gift suppliers/merchants.UrBox also connects brands with customers through multiple digital channels. Customers can receive the gift instantly and store it on their app/phone and redeem at both offline and online store.

EASYGOP12 +84 316 128 158

Vietnam mobile-based Buy Now Pay Later | Trả Góp Thật Thà Không Rườm Rà | In-store-savvy & Online-adaptive

FAVE355 +65 8033 4027

Fave is one of Southeast Asias leading fintech platform; providing a smart payment app for the smart generation of consumers to pay & save. Fave also empowers offline businesses to grow and digitally connect with their customers in a whole new way. Fave is on a mission to maximise joy & value in every shopping experience and accelerate the offline world’s transition to the digital economy.Fave currently operates in 35 cities across Malaysia, Singapore, and Indonesia. Fave will be launching in India in 2021.

SERVISHERO19 +65 8815 3055

ServisHero is Southeast Asias number 1 Mobile Marketplace for Home Services. ServisHero is a mobile app that connects customers with local service providers such as Plumbers, Electricians, Cleaners, Movers and more. We exist to empower local businesses - allowing them to provide the best service to consumers who use the platform.With a few taps on your smartphone you can request quotes from several providers or hire service professionals directly. Within hours, local service providers will send you estimated quotes and youll have your job completed in no time! Were fiercely focused on creating an innovative and world-class company, right from Southeast Asia. Many of our team are returning Malaysians and Southeast Asians with work experience in Silicon Valley, London, Australia, and New York. We like to think of ourselves as a startup with a Silicon Valley DNA and Southeast Asian outlook. ServisHero is headquartered in Kuala Lumpur, and has operations in Malaysia, Singapore and Thailand. Weve been featured on Forbes, CNN, BBC, Straits Times, TheStar, Bloomberg TV and more! You can learn more about our team here: http://servishero.com/my/en/about-usVisit our Careers page for current openings: careers.servishero.com

OKHOME87 +62 812-1187-6716

OKHOME aims to drive people to spend their time on more meaningful matters as we believe that time is a limited source. OKHOME is a tech-based lifestyle platform startup currently focusing on hospitality service in both B2B and B2C markets. Founded in 2017, We aim to help people achieve a better quality of life by providing superior services to become your home needs assistant. By leveraging innovative solution technology and human resource management, we make our customers lives better and better every day.We care about our partners rights and their quality of life. So when you use OKHOME, you are helping our partners as well their quality of life & their rights as a human being.OKHOME has a flat culture where age, originality, education, family, and others does not matter but where your goal, vision, and ability matter.Find out more our journey through Www.okhome.id Instagram : @lifeatokhome Joining our team Www.okhome.id/careers Follow us on our social mediaInstagram : https://www.instagram.com/okhome_cleaningFacebook : https://www.facebook.com/okhomeindonesia/

HASAKE CO. LTD14 +84 24 3201 9196

Hasake Co. Ltd., Vietnam has offices in Hanoi and HCM City, offering a variety of products and services ranging from Playground Equipments, flooring, infrastructure, etc. We provide top-notch products high in quality as well as attractive design for kids. The added flagship feature of our brand is that we supply eco-friendly nontoxic equipment with long durability and sustenance. If you are planning to construct any form of an activity center for children be it outdoor, indoor at school or water parks, Hasake Co., Ltd is your savior. We are committed to offering customer-centric services.Our company stands on 4 strong pillars which are:OUR PHILOSOPHYCOME WITH A DREAM… WE WILL MAKE IT HAPPENOUR MISSIONPROFESSIONALISM IS OUR COMMITMENTOUR VISIONBRINGING MAN AND NATURE CLOSERSAFETY AND QUALITYSAFETY IS OUR PRIORITY AND OUR QUALITY IS OUR ASSURANCECheck out our Products and Services to know more.Green Play: Complete Playground Equipment Solutions that include high quality, Swings, Slides, Merry go round, Sea Saws, Scrambler, Nets, Spring Riders, shelter, shades, Ride-on, Activity Toys, Trampoline and more.Green Fit: Stay fit with confident with our wide range of indoor and outdoor fitness & sports equipment.Green Floor: Inspiring lives at every step with comfortable, stylish and durable flooring for sports courts, clubs and parks. Includes a range of square tiles, recycled rubber tiles, interlock mat, Paving Tiles, Ballistic Tiles, Crumb Rubber, EPDM speckled flooring, Artificial Grass and Surfacing.Green Worx: Keeping your parks, towns and all other open spaces clean and comfortable with decorative and convenient furniture such as wooden seats, benches, picnic tables, dustbins, shelters and much more.

JUPVIEC.VN32 +84 1900 6082

JupViec.vn is a leading housekeeping services provider in Vietnam, known as Uber for maids aims to minimize fees for housekeeping and create more jobs. JupViec.vn has received seed funding from Japans CyberAgent Ventures, and funding from Patamar Capital, becoming the first household service startup to receive foreign investment in the country.

Top SME Companies in Vietnam

Key Statistics from 2022

According to the General Statistics Office, SMEs in Vietnam contribute to 45% of the country's GDP, and 98% of businesses in Vietnam are classified as SMEs. The SME sector has also provided employment opportunities to over 20 million people. The top SME segments in Vietnam include manufacturing, wholesale, and retail trade, construction, and services. The growth of e-commerce and digital platforms has been a significant contributor to the industry's growth, with SMEs leveraging these platforms to reach new markets and customers.

Factors Contributing to its Growth and Success

The growth and success of the SMEs Industry in Vietnam can be attributed to various factors, including the government's investment in infrastructure and policies to promote entrepreneurship and innovation. The government has implemented policies to support SMEs, such as tax incentives, streamlined administrative procedures, and access to finance.

Another factor contributing to the industry's growth and success is Vietnam's young and growing population. With a large and young population, there is a growing demand for goods and services, particularly in the manufacturing, wholesale, and retail trade segments. SMEs have been able to meet this demand by providing affordable and quality products and services.

Industry Growth and Comparison to Previous Years

The SMEs Industry in Vietnam has experienced significant growth over the past decade. In 2011, the industry contributed to 40% of Vietnam's GDP, and by 2022, it had increased to 45%. The growth of e-commerce and digital platforms has been a significant contributor to the industry's growth, with SMEs leveraging these platforms to reach new markets and customers.

Key Trends

Technological advancements have been a key trend in the SMEs Industry in Vietnam. The adoption of new technologies, such as cloud computing, artificial intelligence, and digital platforms, has become increasingly popular in the industry, allowing SMEs to improve their efficiency and productivity. Additionally, the development of e-commerce and digital platforms has enabled SMEs to reach new markets and customers, enhancing their competitiveness and growth.

Another trend is the increasing focus on sustainability and social responsibility. With the growing awareness of the importance of environmental sustainability and social responsibility, there is a growing emphasis on developing sustainable and socially responsible business practices. This presents an opportunity for SMEs to invest in sustainable and socially responsible practices to enhance their brand reputation and appeal to socially conscious consumers.

Challenges

Despite the industry's growth and success, it still faces several challenges. One of the main challenges is access to finance. SMEs often face difficulty in accessing finance due to the lack of collateral and credit history, hindering their growth and competitiveness.

Another challenge is the limited availability of skilled labor. SMEs often struggle to attract and retain skilled employees, particularly in rural areas. This can lead to lower productivity and quality, hindering the industry's growth and competitiveness.

Future Outlook

The future outlook for the SMEs Industry in Vietnam is positive. The country's growing population and increasing demand for goods and services make it an attractive destination for SMEs seeking to expand their operations in the region. Looking ahead, the industry will continue to play a critical role in the country's economic and social development.

One potential area for further growth in the industry is the development of innovative and disruptive business models. With the increasing adoption of new technologies and the growth of e-commerce and digital platforms, there is an opportunity for SMEs to develop innovative and disruptive business models that can differentiate themselves from the competition and improve their competitiveness.

Another potential area for growth is the development of sustainable and socially responsible business practices. With the growing awareness of the importance of sustainability and social responsibility, there is an opportunity for SMEs to invest in sustainable and socially responsible practices that appeal to socially conscious consumers.

Conclusion

In conclusion, the SMEs Industry in Vietnam has been a significant contributor to the country's economic growth and development. The industry has experienced significant growth over the past decade, driven by the government's investment in infrastructure and policies to promote entrepreneurship and innovation. Addressing challenges such as access to finance and the limited availability of skilled labor will be critical to sustaining the industry's growth in the long term. The development of innovative and disruptive business models and sustainable and socially responsible business practices presents exciting opportunities for the industry to continue its contribution to the country's economic and social development.

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By Melissa Goh
Published on 31 May 2023