Vietnam
EnglishIn tune with the sustainable development strategy and ceaselessly innovation has brought VAS Group honorably named in the Top 10 Vietnam Innovative and Effective Enterprises 2023 [VIE10].
VAS Group is proud to be the Top VIE10 in the Construction – Real estate group, along with many businesses in other industries such as: processing and manufacturing; information technology – telecommunications; pharmacy – medical equipment; logistics; the bank etc. are recognized for administering creativity and innovation in its operations, contributing to intensify production and business efficiency.
VAS Group reached the Top 10 Innovative Enterprises and Effective Business in Vietnam 2023
Construction – Real estate group
The results were obtained on survey conducted by Viet Research and the Investment Newspaper. A quick study of businesses on the list of VIE50 and VIE10 shows that up to 84% of organizations believe that innovation plays an important role in the growth at a later time, of which the majority focus on the groundbreaking, and elevating the quality of products, services and processes.
“Green Transformation” – leading innovation for the Vietnamese steel industry
Absorbing the trend of circular economy in the world right from the early days of establishment, VAS Group has oriented the "Green Steel" manufacture in associated with the "green and clean" heavy industry. This is the main focus of the sustainable development strategy that the Group has systematically implemented for 25 years.
The Group operates with induction furnace technology to recycle iron and steel scrap to create billet and construction steel products with international quality standards. This is both a challenge and an opportunity for VAS to establish a position in the market – a pioneer in producing "Green steel’’ on a large scale. This breakthrough affirms the bravery of the leading steel manufacturing enterprise with the goal of conserving natural resources and preserving precious living things for future generations. VAS Group believes that modernization – creativity from "Green Transformation" is the "golden key" that guides the future trend of heavy industry in general and for the Group in particular in the midst of a full–fledged market fluctuations.
Consistent with a renewable business approach over the years, the Group has focused on investing in the world's leading modern technology from Danieli [Italy] in the entire process. Strictly controlled by a quality management system in complainance with European standards, Danieli's production line of VAS produces uniformly in specifications and quality, reaching an outstanding capacity of 4.35 million tons of square billet and 2.5 million tons of construction steel per year.
Top 10 Innovative Enterprises and Effective Business in Vietnam 2023 is the consistent result of VAS Group's sustainable business strategy
Synchronous with the scale of the company is expanding, so is the technology. VAS Group maximizes the business performance, raises the value of Vietnamese steel products, meets domestic and international quality standards like JIS [Japan], ASTM, J403 [USA], and BS4449 [UK]. VAS steel is expanding its range worldwide, continuously present in the leading markets such as Cuba, Cambodia, Singapore, Indonesia, Malaysia, Philippines, China, Korea, Guatemala [Central America], Japan. And the most recent was in April 2023 where VAS Group made a spectacular leap to the United States, affirming the bravery and the word "trust" of an emerging steel brand "Vietnamese spirit, Vietnamese values", firmly affixing the VAS steel brand in the international arena.
Revolutionizing the processes and services
Before the emergence of technology 4.0, digitization caught the interest of VAS Group. The Group promotes research and application of scientific and technological advances in production and business and in corporate governance to monitor all company activities such as: Enterprise Resource Management [ERP] system – Enterprise Resource Planning; Lac Viet human resource management software, Business Process Management system in Business BPM – Business Process Management, purchasing management software, transportation management software, warehouse management software, online reporting software, infrastructure software, etc.. The software system helps to accurately monitor and evaluate the effectiveness of transactions for strategic goals. Customer services are also gradually revamped and implemented comprehensively on a large scale to augment the stipulates of domestic and international customers.
A flexible innovation and development strategy are the keys for VAS Group to firmly adapt to new challenges and opportunities from the market. Creativity along with the 25–year journey of VAS steel "Reborn to Create" became a premise for the brave VAS Group to reach out on the journey of global integration, promote the growth of the Vietnamese steel industry in general and improve the quality of the steel industry. VAS Steel's position reaches out to the world. Top 10 Innovative Enterprises and Effective Business in Vietnam 2023 is a worthy achievement for VAS Group's unwavering and consistent steel spirit in effectively publicizing its sustainable development strategy, making favorable contributions to the country.
Source: VAS
