In the recently announced list of the 500 fastest growing enterprises (FAST500) in Vietnam in 2023, Novaon has participated for the 5th time in a row, affirming its leading position in the field of digital transformation (digital transformation).
With the context of many difficulties and challenges during the past 3 years, Novaon has overcome and reached the 114th position in the top 500 fastest growing enterprises in Vietnam, proving sustainable development, innovation efforts and flexible adaptability. This is an achievement that not many enterprises have achieved during the recent crisis.
In particular, the end of 2022 and the beginning of 2023 are challenging periods for the business growth of enterprises. However, Novaon still maintains stable business performance and sustainable growth with the spirit of continuous improvement and innovation. Enterprises in this year's top FAST 500 all have clear and practical strategies to help maintain annual growth momentum, even during the next 5 years.
Novaon's Board of Directors shared that the company always clearly identifies important factors according to each stage of the market and focuses on its goals. First, Novaon focuses on solutions and partners. This is proven through the trust of many large customers in the VNR500 list, especially the high contract renewal rate of over 80%.
Second, Novaon focuses on technology. Novaon is one of the very few companies in the marketing industry with a diverse technology ecosystem with 5 key products out of a total of 10 products of the group.
Thirdly, Novaon focuses on serving large and loyal customers. Novaon has more than 250 customers on the VNR500 list, of which 60% have cooperated for more than 3 years.
With a pioneering position in solving the problem of revenue growth, Novaon hopes to become the most optimal solution provider for businesses in the process of digital transformation laying an important foundation for outstanding growth in revenue.
The announcement ceremony of the Top 500 fastest growing enterprises in Vietnam is held annually by Vietnam Report and Vietnamnet. The FAST500 ranking is built based on the main criterion of dual growth rate in revenue as well as other items including total assets, equity, profit before tax, corporate reputation in the media, etc.
