Thursday , February 2 2023

Thien Long Group wins two business operation awards


Thien Long Group Corporation was honored by Vietnam Chamber of Commerce and Industry as one of the “Top 100 Sustainable Businesses” on December 1.

The group was also honored by Nhip Cau Dau Tu Magazine as one of the “Top 50 Best-Performing Companies in Vietnam 2022” for 19 years (2011-2022).

Bui Van Huong, Vice General Director of Quality Compliance and Management of Thien Long, receives the Top 100 Sustainable Businesses Award 2022. Photo by Thien Long

Bui Van Huong, Vice General Director of Quality Compliance and Management of Thien Long, receives the “Top 100 Sustainable Businesses Award 2022”. Photo by Thien Long

Vietnam’s Top Sustainable Company 2022 award was co-hosted by the Vietnam Chamber of Commerce and Industry (VCCI) and the Vietnam Business Council for Sustainable Development (VBCSD). This is the seventh time Thien Long has received the award.

VCCI selected the top sustainable companies based on the Corporate Sustainability Index (CSI).

The 2022 version of CSI has been updated with 130 criteria. Among them, 68% are related to law enforcement which is a compulsory criterion, and 32% are related to sustainable business initiatives.

According to the organizer, the awarded companies have grasped the fundamental principle of real business which is to produce lasting values for themselves, the community, and the next generation.

“Economic development and environmental protection go hand in hand, driving toward the circular economy has been the group’s main strategy since it was established four decades ago,” according to Thien Long’s officials.

Tran Phuong Nga, CEO of Thien Long Group (L), and Vo Thi Hai Ha, Vice General Director of Finance and Accounting of Thien Long, receive Vietnam’s 50 Best-Performing Companies Award in HCMC. Photo by Thien Long

Tran Phuong Nga, CEO of Thien Long Group (L), and Vo Thi Hai Ha, Vice General Director of Finance and Accounting of Thien Long, receive Vietnam’s 50 Best-Performing Companies Award in HCMC. Photo by Thien Long

The best-performance award is based on the business performances of companies within three years, and their growth index in three categories: revenue, return on equity, and profit on stocks.

According to the organizer, Top 50 has been a playground for Vietnam’s best-performing companies in key industries such as banking, production, retail, healthcare, and aviation, for 10 years.

Thien Long is operating an international-standard integrated management system complex highlighting the SA 8000:2014 social responsibility management system and the International Council of Toy Industries (ICTC) social responsibility management system.

Recently, the corporation inaugurated a new factory (B2) in Long Thanh District, Dong Nai Province. The factory covers nearly 10,000 square meters with a total investment of VND230 billion.

Thien Long Group inaugurates its new factory with a total capacity of 739 million products per year. Photo by Thien Long

Thien Long Group inaugurates its new factory with a total capacity of 739 million products per year. Photo by Thien Long

The company earlier put a new distribution center into operation in Le Minh Xuan 3 Industrial Park in Binh Chanh District, Ho Chi Minh City. The center can handle 14,000 tons of goods and 1,000 e-commerce orders each shift.

The stationary group has set its target of earning VND10,000 billion in the next few years, four times higher than its current revenue.

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