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The Red Herring editorial team carefully selected the winning companies based on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, and execution of strategy.

This year, the Red Herring bagged the top 100 privately held companies out of the 200 short-listed companies in Asia leading innovation in the technology business. The 100 winners are based in 16 countries/regions including China, India, Japan, Singapore, Korea, Australia and Vietnam.

“There was a large pool to choose from and we’re impressed by the calibre and innovative talent emerging from Asia’s business and technology sector,” said Joel Dreyfuss, Editor-in-Chief of Red Herring.

Being a company operating in e-commerce in Vietnam, PeaceSoft Solutions Corporation was highly applauded by the Red Herring for its work in applying new technology into businesses in using kiosks via the trade community at Chodientu.vn.

Mr. Nguyen Hoa Binh, Head of PeaceSoft Solutions Corporation said that: “the presence of two Vietnamese companies in the leading 100 technological innovators in Asia shows the quick growth of the Vietnam’s technology market and that it is an attractive investment destination for regional and global investors.”

Established in 2006 in Vietnam, Vinapay is a foreign invested joint stock company. Its shareholders include SmartPay of MK, Net-1, a Nasdaq listed company and IDGVV, the largest venture fund for technology companies in Vietnam.

The Red Herring 100 Asia Award is an annual event for the Asian technology circle, with the aim of meeting and seeking cooperation opportunities and exchanges among investors throughout the world.

Source: CPV