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Thien Long named among Vietnam’s 50 best-performing companies

By Phong Van    January 21, 2022 | 04:00 am PT
Thien Long Group, one of Asia’s leading stationery companies, was ranked among “Vietnam’s 50 Best-performing Companies 2021" by Nhip Cau Dau Tu Magazine in the unprecedented context of the Covid-19 pandemic.

By 2021, Thien Long Group has made this list eight consecutive times.

Vietnam’s 50 Best-performing Companies (TOP50) is an annual ranking to affirm the value of Vietnamese corporations. This year, the ranking process took counsel from many economists and business experts from Harvard Business School to seek and honor outstanding companies on Vietnam’s stock exchange.

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Lam Van Hai, standing deputy general director of Commercial Division of Thien Long Group, poses with "Vietnam’s 50 Best-performing Companies" award. Photo by Thien Long Group

To boost the TOP50, experts evaluate the business results of companies for three consecutive fiscal years, based on three growth indicators: revenue, return on equity (ROE) and earnings per share (EPS). The measurement results aim to objectively assess the corporate governance capacity of the enterprise.

During its 40 years of establishment and development, Thien Long Group has risen to become one of the Asia's leading stationery companies, based on strong internal resources. The group develops sustainably in many aspects, including R&D strategy, manufacturing, distribution system development.

Thien Long Group has self-produced many essential materials for production like ink, pen tips..., thereby limiting dependence on the supply of raw materials from international partners. The company is also proactive in self-designing, manufacturing molds and accelerating automation. Currently, its automation rate has risen to over 78.23 percent.

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A Thien Long factory. Photo by Thien Long Group

This 40-year-old corporation owns a distribution system in 63 provinces and cities nationwide. In anticipation of new consumer trends, Thien Long heavily invests in its e-commerce site and promotes online sales activities to reach consumers.

Implementing the globalization strategy since 2000, Thien Long has been a supplier for the world's leading brands in the U.S. and Japan, and has exported to all Southeast Asian countries. Currently, Thien Long’s products are present in 67 countries on all continents.

Thien Long was awarded top 50 best-performing companies in Vietnam. Photo by Thien Long Group

Thien Long was awarded top 50 best-performing companies in Vietnam. Photo by Thien Long Group

At the end of 2021, Thien Long received the third-class Labor Medal awarded by the State. Recently, according to VCCI's assessment, Thien Long Group was one of the 100 most sustainable enterprises in Vietnam for 2021.

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