Topic: valuation

On September 21, the world’s leading brand valuation consultancy, Brand Finance, in cooperation with the brand consulting firm Mibrand Viet Nam, officially revealed a list of the Top 50 most valuable brands in Vietnam in 2022. Viettel was the most valuable for the fourth year in a row, with $8.8 billion, up 44.5 per cent and three times higher than VNPT ($2.858 billion) and Vinamilk ($2.814 billion), which ranked second and third, respectively.

According to Mr. Nguyen Manh Cuong, Deputy Director of the Department of Southern Affairs at the Ministry of Science and Technology, Vietnam has nearly 4,000 startups, including four unicorns with a valuation in excess of $1 billion and ten or more others that are valued at more than $100 million. Angel investment in Vietnamese startups stood at more than $1.3 billion as of 2021.

The Law on Prices and the legal framework on valuations have now been implemented for a decade. From recent mistakes relating to valuation activities and the quality of appraisers, it is clear that, if not corrected, these will be further corrupted, distorting prices in economic transactions, abetting wrongdoings, and causing losses of State budget and property.