German Business Association in Vietnam honors outstanding enterprises for the first time
The GBA Business Awards featured 32 companies competing in four categories: Green Business of the Year, Business Innovation, SME Excellence, and CSR Achievement.
Dr. Josefine Wallat, German Consul General in Ho Chi Minh City, and 200 members & special guests attended the awards ceremony |
Dr. Josefine Wallat, German Consul General in Ho Chi Minh City, said: “German companies tend to not only excel in their industries or be hidden champions offering unique solutions, but they stand for quality, innovation, sustainability, and corporate responsibility. The GBA Awards recognize all of these qualities and are a testament to the strong relationship between Germany and Vietnam”.
The champions of the GBA Business Awards are: Nestlé (Green Business of the Year), Bosch Vietnam (Business Innovation), PALLAS BrandFare (SME Excellence), Super Energy Corporation (CSR Achievement).
The 2024 GBA Business Awards winners |
Nestlé won a prestigious award for its outstanding water management sustainability efforts across its supply chain, operations, and communities. Through initiatives like the NESCAFÉ Plan and the LAWACO project, the company has significantly reduced water usage, improved water efficiency in factories, and increased access to safe water and sanitation in local communities, earning recognition for responsible water stewardship.
Bosch Vietnam was awarded for introducing a solution that leverages digital twin technology and predictive maintenance to optimize industrial assets, enhance productivity, and provide a competitive edge.
PALLAS BrandFare received the award by collaborating with technology providers to refine strategies for launching and promoting products with limited resources, introducing new customizable solutions like StrategiX BrandFare and Digital BrandFare, and launching modular training sessions to help companies optimize marketing and branding efforts amidst cautious investment climates.
Super Energy Corporation has achieved notable success in Corporate Social Responsibility through scholarships for disadvantaged students, health insurance coverage, water filtration projects, and seasonal gift-giving, and is also dedicated to environmental sustainability by supporting climate change mitigation, coastal protection, biodiversity conservation, and community engagement.
The top 3 of 3 categories of the Green Business of the Year, Business Innovation, and SME Excellence will be nominated for the EuroCham Business Awards in October.
In addition, the GBA Young Innovation Award, inspired by the successful GBA Business Challenge launched in 2020, has evolved into an exciting platform for Vietnamese students and aspiring entrepreneurs.
This year, 18 submissions were received with each business plan being uniquely inspiring in its own way. The top three finalists were selected to present on the night, and the winner was selected through an online vote by participants. The top 3 received financial support from the GBA CSR fund to bring their business ideas to life.
Top 3 finalists of the 2024 GBA Young Innovation Award |
The champion of the GBA Young Innovation Award is the COPEPODS team from the University of Economics, the University of Science and Education, and the University of Da Nang, who are pioneering a sustainable future for aquaculture. Their business idea is a company that produces high-quality copepods, an ideal food for fish larvae, significantly enhancing survival rates and growth. By supporting fish farmers and promoting a healthy marine ecosystem, COPEPODS exemplifies excellence in quality and innovation.
The first runner-up of the Young Innovation Award is the DeepVoucher team from the University of Economics Ho Chi Minh City and the Ho Chi Minh City University of Technology, who are set to transform the voucher ecosystem with their easy-to-create and highly secure voucher system. By leveraging blockchain technology, DeepVoucher reduces costs and boosts system security, paving the way for a more efficient and reliable voucher solution.
The second runner-up of the Young Innovation Award is the V-Carbon team from the University of Economics, the University of Science and Education, and the University of Da Nang. They offer an effective platform for carbon credit trading, along with advanced software for accurate carbon footprint calculation and monitoring. Their streamlined project management system optimizes the entire carbon credit lifecycle.
Alexander Ziehe, GBA Chairman, delivered the speech at the event |
Alexander Ziehe, Chairman of GBA, said: “The GBA Business Awards were conceived to celebrate the collective excellence of the GBA community, recognizing outstanding contributions in sustainability, innovation, entrepreneurship, and corporate social responsibility. This event honors the strength, resilience, and forward-thinking spirit of businesses, showcasing their dedication to innovation and commitment to excellence despite global challenges”.
See also
Bac Giang prioritises high-tech FDI projects, services industry
17:04 | 12/11/2024 FDI
Hưng Yên creates open environment to attract investment
18:13 | 20/10/2024 FDI
RoK companies step up investment in hi-tech industries in Vietnam
17:48 | 12/10/2024 FDI
Bac Ninh leads nation in FDI attraction in nine months
18:05 | 09/10/2024 FDI
Bến Tre to unlock potential for investment attraction
10:10 | 07/10/2024 FDI
Foreign capital influx permeates southern real estate market
10:06 | 06/10/2024 FDI
See more news
Foreign investment surpasses 24.78 billion USD in nine months
09:27 | 04/10/2024 FDI
Brescia province's business community interested in Vietnamese market
09:16 | 04/10/2024 FDI
Long Son Petrochemicals complex starts commercial operation
15:14 | 03/10/2024 FDI
Deli Group breaks ground for 270 million USD stationery factory in Hai Duong
18:27 | 29/09/2024 FDI
SpaceX plans to invest US$15 billion in Vietnam
09:23 | 26/09/2024 FDI
Andre De Jong appointed as managing director of Bosch Vietnam
17:24 | 25/09/2024 FDI
Vietnam remains bright spot in foreign investment attraction in ASEAN
15:26 | 20/09/2024 FDI
Hanoi capitalises on advantages to attract FDI
10:26 | 13/09/2024 FDI
PM hosts Japanese multi-industry firm's chairman
15:07 | 12/09/2024 FDI
Deputy PM pledges to facilitate operations of Hong Kong groups
16:13 | 10/09/2024 FDI
Air tickets from HCMC fully booked for Tet holiday
17:31 | 26/12/2024 Society
Cheap capital returns to banks
16:20 | 26/12/2024 Economy
PV GAS sets many records, exceeds 2024 production, business plan
16:57 | 25/12/2024 Vietnamese Brands
Vietnam emerges as strategic player in global economy
16:44 | 25/12/2024 Economy
Vietnam outpaces Bangladesh to become world’s second apparel - textile exporter
16:34 | 25/12/2024 Economy
Multimedia
Glorious tradition of the Vietnam People's Army
08:30 | 22/12/2024 Infographic
Total FDI registered in Vietnam hits 31.4 billion USD in January-November
09:02 | 17/12/2024 Infographic
First 11 months of 2024: Import-export turnover increases 15.4%
10:55 | 16/12/2024 Infographic
11-month agro-forestry-fishery exports exceed yearly target
19:55 | 15/12/2024 Infographic
Hanoi achieves or exceeds 23/24 socio-economic targets for 2024
08:57 | 13/12/2024 Infographic
Amended Electricity Law proves MoIT’s institutional improvement success
17:06 | 23/12/2024 Policy
Ministry proposes extending agricultural land tax exemption through 2030
15:06 | 23/12/2024 Policy
Gov't targets to gradually make English second language at schools by 2030
15:45 | 21/12/2024 Policy
Nine newly-adopted laws made public
16:42 | 20/12/2024 Policy
Industry sector asked to urgently restart Ninh Thuan nuclear power project
14:35 | 24/12/2024 Energy
Success story behind 500kV Circuit-3 transmission line project
16:43 | 23/12/2024 Energy
Ministry proposes incentives for renewable energy projects
16:17 | 20/12/2024 Energy
The Era of Advancement for Vietnam Industrial Park
17:15 | 19/12/2024 Industry
Vietnam increasingly attractive to foreign investors
14:17 | 24/12/2024 Investment
Nghe An Southeast Economic Zone aims to attract 1 billion USD in FDI in 2025
12:33 | 21/12/2024 Investment
Boeing aims to expand investment and cooperation in Vietnam’s defense sector
17:00 | 19/12/2024 Investment
Can Tho attracts non-state investment
10:21 | 17/12/2024 Investment
Banking sector: Capital flows with no congestion
15:35 | 25/12/2024 Finance-Banking
Cashless payment requires biometric data updating from January 1, 2025
10:30 | 24/12/2024 Finance-Banking
Year-end surge in property bond issuance amid financial challenges
09:39 | 20/12/2024 Finance-Banking
Vietcombank named most valuable brand in Vietnam
16:43 | 18/12/2024 Finance-Banking
Sowing millions of seeds to green Vietnam’s shared home
15:08 | 24/12/2024 Environment
Dong Thap revives red-crowned crane population
14:29 | 24/12/2024 Environment
Vietnam likely to face continued turbulent weather systems in 2025
14:26 | 19/12/2024 Environment
Nature-based projects help Mekong Delta fight climate change
16:31 | 18/12/2024 Environment
Innovative startup ecosystem witnesses strong development
09:21 | 25/12/2024 Science - Technology
Top 10 science and technology highlights in Vietnam in 2024 announced
15:10 | 24/12/2024 Science - Technology
Contracts worth 286.3 million USD inked at Vietnam Int’l Defence Expo 2024
17:02 | 22/12/2024 Science - Technology
Vietnam can partner with UK in developing nuclear power: Expert
12:43 | 21/12/2024 Science - Technology
Air tickets from HCMC fully booked for Tet holiday
17:31 | 26/12/2024 Society
Bac Ninh Province focuses on year-end market stabilization
16:21 | 25/12/2024 Society
Vietnam aims to reduce greenhouse gas emissions in agriculture production
08:57 | 25/12/2024 Society
Metro Line 1 serves 150,000 passengers on opening day
15:35 | 24/12/2024 Society
PV GAS sets many records, exceeds 2024 production, business plan
16:57 | 25/12/2024 Vietnamese Brands
“PV GAS - Green Energy Journey” marathon: Act for health, act for the environment
06:00 | 25/12/2024 Vietnamese Brands
PV GAS reviews maintenance and repair of gas facilities in 2024
15:27 | 24/12/2024 Vietnamese Brands
Vietnamese products make waves at Malaysia’s halal festival
15:06 | 24/12/2024 Vietnamese Brands
“City Tet Fest - Thu Duc 2025” New Year Festival to be held soon
16:33 | 25/12/2024 Culture
“Xen Dong” ceremony of Thai ethnic people recognised as national intangible cultural heritage
16:24 | 24/12/2024 Culture
Fireworks to light up sky over Hanoi on New Year celebration
15:13 | 23/12/2024 Culture
Vietnam’s high-end fashion targets Chinese market
10:04 | 22/12/2024 Culture
Son La rural tourism promoted
10:54 | 25/12/2024 Tourism
Vietnam aims to welcome 22-23 million international visitors in 2025
14:56 | 24/12/2024 Tourism
Vietnam a green, attractive destination
16:30 | 23/12/2024 Tourism
Mekong Delta tourism continues to surge
15:21 | 23/12/2024 Tourism