Vietnamese brand M.O.I Cosmetics collects double win at Asia Pacific Enterprise Awards. — Photo courtesy of the company

Vietnamese brand M.O.I Cosmetics has won the Fast Enterprise Award at the 2023 Asia Pacific Enterprise Awards.

Its CEO, Lâm Thành Kim, won the Master Entrepreneur Award.

The Fast Enterprise Awards are given to businesses that demonstrate rapid growth in terms of revenues, market share, user base, profit and/or brand recognition while fulfilling their social responsibilities.

They must have an annual turnover of at least US$2 million.

M.O.I Cosmetics has achieved average growth of 150 per cent in recent years, even during the Covid-19 outbreak.

The Master Entrepreneur Award is given to outstanding business people who have the vision and strategy to help their companies overcome difficulties and develop sustainably.

They must be leaders of a registered business, with a minimum annual turnover of $5 million for no less than two years.

M.O.I Cosmetics was founded in 2018 by singer Hồ Ngọc Hà (creative director) and entrepreneur Kim (CEO).

This double win is not only a recognition for its outstanding business capacity but also offers an opportunity for it to network and expand across Asia, the company said.

Instituted by Enterprise Asia more than a decade ago, the APEA, the most prestigious indicator of business influence in the Asia-Pacific region and is given every year to businesses in 16 countries and markets across Asia. — VNS