ABA 2020: Officially announced to honor the best businesses in Southeast Asia

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Dr. Doan Duy Khuong, Chairman of ASEAN BAC 2020, Madame Nguyen Thi Nga, Chairwoman of ABA 2020 (center), and Madame Ha Thi Thu Thanh, Chairperson of Deloitte Vietnam signing Agreement of Partnership for ASEAN Business Awards 2020.

The ABA 2020 awards will honor businesses in the ASEAN and will be a great motivation for them to continue promoting their creative spirit, building new directions of development in accordance with economic conditions post-pandemic.

This is the second time Vietnam held ABA and Madame Nguyen Thi Nga chair the award. Previously on 2010, Madame Nguyen Thi Nga also has tremendous contribution to the successful and reputation of this award.

At an interface session between the ASEAN Business Advisory Council (ASEAN BAC) and the leaders of the bloc’s countries within the framework of the 36th ASEAN Summit, Madame Nguyen Thi Nga reported to Prime Minister Nguyen Xuan Phuc and leaders of the ASEAN that ABA 2020 will honor the bloc’s businesses for their outstanding contribution to prevention of the Covid-19 pandemic region wide.

Speaking at the event, Madame Nguyen Thi Nga shared: “2020 is a special year for global businesses in general and ASEAN businesses in particular at a time when the Covid -19 pandemic has brought tremendous negative impacts. However, this is also the time when the best enterprises show their bravery and spirit to overcome difficulties as they not only ensure sustainable development of their enterprises but also contribute to the prevention of the pandemic. Therefore, ABA 2020 has a special stature, in a special context that honors exceptionally excellent businesses across the region.”

The award, granted annually, is not only an opportunity for all businesses in the region to be honored for demonstrating their important position in the ASEAN economy; at the same time, it is also an opportunity for the global business community to better understand the solidarity and strength of ASEAN businesses, thereby promoting trade, investment, and economic integration.

Sharing about the importance of ABA 2020 to ASEAN BAC and in the year Vietnam chair ASEAN, Dr. Doan Duy Khuong, Chairman of ASEAN BAC 2020 indicated that ABA always has an extremely important meaning in the activities of ASEAN BAC and the ASEAN chair country year in general. At ABA 2020, the meaning of this award is even more special as ASEAN businesses need to unite and share, to not only overcome difficulties but also to take advantage of opportunities that have opened up as the pandemic is controlled.

Aiming to build a prestigious award and to raise the standard of the business community in the region, Deloitte Vietnam Co., Ltd. has been selected as a strategic partner to accompany ABA 2020. With the experience and capacity of one of the four leading auditing companies in the world, with customer and market understanding and a wide network of activities covering the ASEAN region, Deloitte Vietnam will bring fairness and transparency to the ABA 2020.

In addition, some award categories at the ABA 2020 are also accompanied by other prestigious international organizations such as the Skills Development Award, which will have GIZ (the Development Cooperation Agency of the German government) as a professional partner.

The ABA 2020 award system is expected to divided into nine categories built on the inheritance and refinement of ABA in previous years and developing award categories in accordance with the current socio-economic situation of the region including Priority Integration Sectors; SME Excellence; Young Entrepreneur; Woman Entrepreneur; Family Business; Skills Development; Friends of ASEAN; Inclusive Business; and Combating Covid-19.

Sharing about the award categories for ABA 2020, Madame Ha Thi Thu Thanh, Chairperson of Deloitte Vietnam said: “Deloitte Vietnam is much honored to be trusted as a strategic partner for ABA 2020. During 30 years of development in the Vietnamese market, with experience working with local businesses as well as a network that works closely with Deloitte members in the region, we understand the markets and businesses of each country. Therefore we develop criteria suited to the current business situation so that we can choose businesses that deserve this extremely prestigious award. At the same time, via creating positive effects for the community over 175 years, through the award Deloitte wishes to support and promote development of the ASEAN business community.”

ABA 2020 was officially announced to ASEAN businesses.

Also during the event, the awards website at www.ABA2020.vn will contain all updated information, while all queries can be answered by the Organizing Committee via email: info@aba2020.vn.

ABA 2020 is expected to accepting applications at the beginning of August and it is expected that the registration time for enterprises in the region will last until September, after which the Organizing Committee will conduct the judging process and the jury (including experts, academics, and leading economists representing the 10 ASEAN countries) will be invited to discuss and make a final decision on the winners.

The ABA Awards event is scheduled to be held in November in Hanoi, accompanied by the 37th ASEAN Summit and attended by the leaders of the government of Vietnam and other countries in the region.

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