NOVAON wins the Fastest Growth Award at FAST500 for the 5th time in a row
On the afternoon of May 17, Vietnam Report cooperated with Vietnamnet News to hold a ceremony announcing the list of 500 fastest growing enterprises in Vietnam (FAST500) in 2023 at the National Convention Center. This is the 5th time in a row that Novaon has appeared on this list.
Continuing its success from 2019 to 2022, this year Novaon has once again shown remarkable achievements entering the top 500 fastest growing enterprises in Vietnam for the 5th time in a row, affirming its leading position in the field of digital transformation. Having faced numerous difficulties and challenges in the past 3 years, Novaon has reached 114th place, affirming its sustainable development, innovation efforts and flexible adaptability. This is an achievement attained by a select few during the recent crisis.
In particular, the end of 2022 and the beginning of 2023 were challenging periods for business growth. Many businesses have to face the pressure of a global recession, increased raw material costs, tight monetary policy, and downsizing. In the first four months of 2023, 49.9 thousand businesses temporarily ceased operation, 20.9 thousand businesses filed for dissolution and 6.1 thousand enterprises completed dissolution procedures.
However, Novaon still maintains stable business performance, sustainable growth with a fierce spirit of innovation and continuous improvement, closely following the competitive rule of “the fast fish eat the slow fish”. Businesses in this year’s top FAST500 all have long-term strategies and adaptability that help maintain their growth momentum every year, even during the next 5 years.
At the awarding ceremony, Mr. Nguyen Minh Quy – Chairman of Novaon Group shared: “To achieve success, in addition to the efforts of the entire team, Novaon is fortunate enough to receive the support of leading public technology corporations, hundreds of prestigious customers and especially the Government’s orientation on the banner “Make in Vietnam”.
Novaon’s management shared that the company always clearly identifies the important factors in each stage of the market and focuses on the goal. First, Novaon focuses on Solutions and Partners. As a leading partner of Facebook, Google and TikTok, Novaon has pioneered to become a general contractor in the field of Digital Marketing and Digital Transformation. This is proven through the trust of many big customers in the VNR500 list, especially the high contract renewal rate reaching over 80%. Novaon always prioritizes building optimal and quality solutions to meet customers’ needs.
Secondly, Novaon has the companionship and support of the prestigious business community. By the end of 2022, Novaon has more than 250 customers on the list of VNR500 – Top 500 largest enterprises in Vietnam. Considered as a reliable partner of large corporations such as Toyota, Lexus, Mazda, VPbank, Vietnamairlines, Mobile World, LG, VNDIRECT, Vinamilk, TH Truemilk and Samsung, Novaon has affirmed its leading position in the provides digital marketing and digital transformation.
Third, Novaon focuses on building and mastering the “Make in Vietnam” technology platforms. Novaon is one of the very few companies in the Marketing industry with an ecosystem of 10 representative technology products such as Novanet, NovaonX, OnFluencer, OnMarketer, OnCustomer, OnCRM,…. Novaon’s technology capabilities help businesses maximize the effectiveness of digital marketing, provide a competitive advantage, and drive growth.
With a pioneering position and a comprehensive ecosystem in solving the problem of revenue growth, Novaon has gradually affirmed its position as a reliable companion on the digital marketing and digital transformation journey of the community. Vietnamese company.
The ceremony announcing the Top 500 fastest growing enterprises in Vietnam is held annually by Vietnam Report and VietNamNet to honor the achievements of enterprises with good business performance. FAST500 rankings are built based on the main criterion of Compounded Annual Growth Rate. In addition, other criteria such as total assets, equity, profit before tax and corporate reputation in the media are also used as complementary factors to assess the size and position of the enterprise in the market. operating industry.
Novaon is one of the representatives in the list of FAST 500 2023, maintaining a stable growth rate in the period 2018-2022, while ensuring social responsibility and dedication to the community.