Hanoi, 3rd January 2022 - Mavin Group was selected as the winners from Vietnam in the 2021 ASEAN Enterprise Innovation Award, presented by AIBP.
The 2021 edition of the Award saw over 130 nominations across 5 countries of Asean, narrowed down to 27 finalists and 10 eventual winners - two of which came from Vietnam. Among the winning enterprises, highlights from the innovation and digitalisation initiatives in 2021 include implementation of new, cutting-edge technologies and the creation of new business value.
Mavin Group’s Digital Transformation From Farm to Table
One of Vietnam's top ten agribusinesses, Mavin Group is a fully integrated farm-to-table company founded in 2004, with operations in feed mills, veterinary medicine, and food manufacturing plants and farms throughout Vietnam. Mavin Group has been listed on the VNR500 every year since 2014.
Having grown from one feed mill to a complex end-to-end farming supply chain enterprise, Mavin Group embarked on a 5-year (2019-2023) digital transformation program and aims to build the most innovative digital company in Vietnam’s agricultural industry. Mavin Group is looking into the use of drones and handheld applications in the near future, as well as expanding the potential of smart farming, smart agriculture, and the Internet of Things.
Digital projects by Mavin Group resonate with the findings in the annual AIBP ASEAN Innovation Survey, with data analytics analytics (65%), Internet of Things (44%), artificial intelligence (34%), machine learning (34%), and robotic process automation (33%) the top 5 technologies enterprises in ASEAN are looking to invest in over the next 2-3 years.
Mavin's Chairman presented about the Group's digital projects at AIBP 2021
Commenting on innovation initiatives observed among ASEAN enterprises this year, Irza Suprapto, CEO of Industry Platform said “We’ve seen ASEAN grow as a region in the past decade, and over the past two years, businesses have had to grapple with uncertertaines around the pandemic. Amidst these challenges, attitudes towards digitalisation and innovation have shifted as they take centre stage in driving growth and development for enterprises in ASEAN, one of the fastest evolving digital economies in the world.”
About AIBP ASEAN Enterprise Innovation Award
Established in 2017, the key objective of the annual AIBP Enterprise Innovation Award is to give recognition to organisations who have embarked on projects to digitally transform their business through the adoption of innovative technology. The awards are held annually in the following ASEAN countries: Indonesia, Malaysia, Philippines, Thailand and Vietnam.
About AIBP
AIBP serves as an avenue for public and private organisations in Southeast Asia to access and exchange information about growth and innovation within the B2B space. With a current network of over 30,000 stakeholders in Southeast Asia, AIBP continues to develop ecosystems by engaging in activities which create value-adding information for our stakeholders seeking to make transformative impacts within their organisations.
Read more in AIBP Press Release here.