Vietnam has no strategic thinking in building a national brand

VCN - Talking to reporters from the Customs Newspaper, Associate Prof. Dr. Nguyen Quoc Thinh (photo) - Head of Brand Management Department (University of Commerce) said Vietnam has not had strategic thinking for the national Brand Programmeme. In the next five years, the first thing to do is plan the national branding strategy.
tin nhap 20190523104522

How do you assess the effectiveness of the National Brand Programmeme over time?

The expectations set for the programmeme are quite large. Frankly, the programme has brought great efficiency to the Vietnamese business community, creating a certain power for the business community, making Vietnamese businesses more interested in building trade brands, from which there is a better investment to build your brand.

However, the programme has limitations that include not good communication. Many businesses do not even know about the National Brand Programme. In addition, discussing national branding is about strategic issues. Approaching a strategic corner requires a strategic mindset. Unfortunately, Vietnam does not have strategic thinking for the National Brand Programme in a whole period. Usually the strategy diverged for about five years but so far the programme has been running for 16 years and has yet to get a true strategy.

What is the reason why Vietnamese enterprises have not succeeded in branding for businesses?

The biggest cause of branding of many businesses not really being successful because of the awareness of the business leaders themselves. No company can build a successful brand if its leaders have inadequate awareness and lack of determination.

There are many ways to explain that such businesses are now worrying about how to get profit. However, in my opinion, the issue of branding needs to start as soon as the enterprise starts operating. Vietnamese businesses neglect that. Many businesses think that when they become famous, they will invest. However, there is no famous natural enterprise; the product becomes famous without investment from the first days.

How do you rate new points in the 2019 National Brand Programme?

Currently there are three proposals to expand the National Brand Programme in 2019.

The first, expansion of the participating objects for the programme. We only selected brands of businesses; the expansion will be expected to propose in 2019. It can be a collective brand, for example, brand names for regional specialties orbrands with geographical indications.

The second, for the programme participants, we are only interested in businesses participating in the programme but there are many other subjects. For example, in the field of training, training facilities, research institutes, health care facilities, there is almost no strong investment in this issue.

Thirdly, the coming time must have very strong attention and connection between relevant departments and sectors. Currently, Vietnam does not have a good connection, especially with tourism brand development programmes, developing tourist destination brands as well as diplomatic activities.

Many have said that building a national brand does not belong to enterprises. What is your point of view?

Building a national brand is not only a business but also a community, Government, locality, overseas Vietnamese community, and diplomatic field for each domestic citizen. For example, if one citizen badly behaves with tourists; tourists do not want to return to Vietnam. This relates to both investment, tourism, and all factors.

Because of limited resources, in this early period, Vietnam chose the simplest approach of building a national brand based on the development of products. This is the way of Vietnam. I appreciate the idea that building a national brand is not only based on a certain resource but also has to exploit all resources, especially the exploitation of external resources. For example, foreign investors are an extremely important resource, especially the overseas Vietnamese community.

In the context of Vietnam's economy deeply integrating with the world economy, how does building a national brand need to be changed to make the best of our opportunities?

In 2019-2025, the first thing is to plan the national branding strategy and this strategy should be focused on three ideas.

The first is to focus on executive management. Currently, the Ministry of Industry and Trade is directly assigned to run the National Brand Programme. However, in some countries, the Prime Minister will manage this issue directly. I think that is very important. At higher levels it will connect between parts, mobilise better resources.

The second is the selection of positioning values. Clearly, for the last 16 years, the positioning values we have chosen may no longer be relevant in the current context, so it is necessary to fix the National Brand Programme. Vietnam locates the national brand on three values: Quality, innovation and leading capacity. In the past 16 years, Vietnam chose the leading enterprise in the industry. In the near future, perhaps Vietnam needs experts to organise the table and reposition the national brand value to pursue.

From another perspective, Vietnam should build a national brand through product development, emphasising export approach. In the first phase, Vietnam was positioned according to the export market. In the near future, Vietnam is not only interested in exporting but also has to pay attention to the domestic market. It is the Vietnamese people who affirm the value of the National Brand Programme.

Third, I think it is important to focus and more effort in implementing the content, especially communication for programmes and communications for the consumer community to understand the value of the programme. As well as the value of product brands that achieve national brands.

Nguyen Truong Thinh - Deputy Sales Manager, Luong Quoi Coconut Company Limited:

Branding is an investment process, not a cost. When there is no brand to work with import partners, they always force businesses to bring their brands. However, when I have a reputable brand, I suggest they use their brand. This helps increase the presence of Vietnamese products in the world market. In particular, with agricultural products of seasonal nature, when there are brands, fluctuations in prices will be less.

Branding has been difficult but it is more difficult to preserve and develop. Recognising that this is a longer problem, businesses have gradually built and strengthened the brand. We are gradually registering to protect trademark products, increasing product quality. Vietnam's coconut products have been exported to 30 countries around the world.

When it comes to sustainable development, products must be branded. It is a long-term sustainable path. The process of branding is the investment process, not the cost.

Economist Vo Tri Thanh: Building a brand is difficult but easy to break down In Vietnam

Although the brand problem is perceived more slowly, it does not go with the export growth rate, but up to now, thanks to the National Brand Programme, many brands have started to build trust with consumers, with domestic and international partners. Typically, there are high-priced brands such as Viettel, FTP, Hoa Phat and Vinamilk . However, broadly, I want to recognise Vietnamese brands as Vietnamese, Vietnamese products and Vietnamese businesses.

Currently, building a brand is difficult but breaking the brand is easy. There are well-known brands, associated with Vietnamese products in the positive direction when being broken, which has harmed both Vietnam's brand strategy. Uyển Như (Written)

By Nguyen Thanh/Bui Diep

Related News

Vietnam"s national brand value up 11%

Vietnam"s national brand value up 11%

Vietnam's national brand value rose by 11% this year, up from 388 billion USD to 431 billion USD, thanks to its growing investment attractiveness to foreign manufacturers, according to the leading brand valuation consultancy Brand Finance.
Vietnam national brand sees strong rise in value, position: Vietrade Director

Vietnam national brand sees strong rise in value, position: Vietrade Director

The value and position of the Vietnam national brand have constantly improved in recent years in the global market and received recognition from many prestigious international organisations, according to Vu Ba Phu, Director of the Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade.
Vietnam becomes fastest growing national brand in the world

Vietnam becomes fastest growing national brand in the world

The national brand of Vietnam has been valued at US$319 billion for this year by Brand Finance, a sharp increase of 29% in comparison to the previous year, thereby becoming the fastest growing national brand in the world.
MoIT to organise national brand programme fourth quarter

MoIT to organise national brand programme fourth quarter

The Ministry of Industry and Trade MoIT will organise a ceremony to recognise national brands in the fourth quarter of 2020

Latest News

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.

More News

Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Although holding the number one position in the world in exporting cashew kernels for many years, the position of Vietnam's cashew industry in the world cashew value chain is very small because it mainly exports kernels with preliminary treatment.
HCM City’s industrial production index down 0.9% in Q1

HCM City’s industrial production index down 0.9% in Q1

Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.
Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Quang Ninh aims to attract quality FDI inflows

Quang Ninh aims to attract quality FDI inflows

The northern coastal province of Quang Ninh has strengthened measures to attract quality foreign direct investment (FDI) inflows, especially from big names in the processing-manufacturing industry.
Exports face many difficulties

Exports face many difficulties

VCN - In the first months of 2023, the absence of export orders plus the downward trend in commodity prices have slowed down trade activities.
Manufacturing enterprises increase their competitiveness thanks to digital transformation

Manufacturing enterprises increase their competitiveness thanks to digital transformation

VCN - Overcoming difficulties in 2023 requires manufacturing enterprises to self-improve and innovate. Digital technology is one of the effective solutions to help manufacturing businesses grow and compete.
32nd Việt Nam Expo promises to boost business linkages

32nd Việt Nam Expo promises to boost business linkages

The 32nd Việt Nam International Exhibition (Vietnam Expo) will take place in Hà Nội from April 5-8 with the participation of more than 500 domestic and foreign enterprieses, the event’s organisers have announced.
Prevention of price risks before news that Indonesia increases rice imports in reserve

Prevention of price risks before news that Indonesia increases rice imports in reserve

VCN - In response to demand signals from key markets such as Indonesia and the Philippines, the Import-Export Department (Ministry of Industry and Trade) suggested that rice exporters actively monitor the market situation and fully assess the opportunities as well as risks to build a trading plan.
Japanese investors highly appreciate Vietnamese property market

Japanese investors highly appreciate Vietnamese property market

Representatives from around 180 Japanese businesses and investors on April 1 attended a Tokyo workshop on Vietnamese real estate, during which many of them highly appreciated the potential of Vietnam’s property market.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.
Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Looking back to 2022, while the export turnover of the cashew industry reached US $ 3.08 billion, the import turnover of raw cashews consumed US $ 2.678 billion.
Mobile Version