COFICO has been officially acknowledged its membership of the World Economic Forum’s Community of Global Growth Companies (GGC)
On 04 September 2009, COFICO has been officially acknowledged its membership of the World Economic Forum’s Community of Global Growth Companies (GGC).
Based on COFICO’s financial result and the amazing grow of the past 3 years, World Economic Forum (WEF) admits that COFICO has showed the potential for becoming a leader in the construction industry in the future. Referred to COFICO’s latest achievements as well as the positive judgments of the prestige research organizations (AC Nielsen, VNR500…), plus under the recommendation of Ministry of Foreign Affairs in Vietnam to become the qualified company for the GGC membership, COFICO has made a good impression and win the trust of the Managing Board for the Forum. Mr. Fabien Clerc – GGC Community Manager in Asia – had indicated in his letter of possibility for COFICO to join the community of GGC:” you have had a great growth which shows your potential for becoming a leader in your industry in the future. This is exactly the kind of companies that belong to the GGC community and that we would like to engage.
The membership is made up of the 500 foremost global growth companies, which are
• A demonstrated annual growth rate of no less than 15% over two years
• A demonstrated intent and potential to build a global business
• Top industry ranking with a turnover of US$ 100 million to US$ 5 billion
• Solid projected growth potential
• A leading role in shaping the future or their industry and/or region
• A healthy, solid reputation
Right after becoming the member of GGC, COFICO’s representative – Mr. Le Dang Xu, the General Director – participated in the Annual Meeting of the New Champions 2009 that convened on 10-12 September in Dalian, People’s Republic of China. This is a forum to discuss the most prominent issues of the Community. This year, the reviving economic growth and transformational recovery for the long term remain the priority topics to be discussed. The ideas are brought together by over 1,000 industry, government and thought leaders to debate and define the course to re-launch growth.
Due to the World Economic Forum on East Asia 2010 and the ASEAN Chairmanship, it is very meaningful to become the member of WEF and that shows a great advance of Vietnamese company to integrate in the leaders of worldwide companies and the extensive coverage from the media as well as occasion for peer-to-peer interaction and networking, branding its name widely.