International trade

Vietnam's NetZero Pallet Wins 2025 Small Business Champions Competition

Strategic Insights

Jun 27, 2025 — 1 min read

Vietnam's NetZero Pallet, a company specializing in manufacturing and exporting storage and transport pallets from recycled agricultural waste, has been named a winner of the 2025 Small Business Champions Competition. The company impressed judges with its innovative approach to circular economy practices, standing out among over 2,000 global entries. The World Trade Organisation (WTO) Director-General Ngozi Okonjo-Iweala highlighted the crucial role of small and medium-sized enterprises (SMEs), which make up over 90% of businesses and provide more than 60% of jobs worldwide. The recognition celebrates NetZero Pallet's commitment to environmentally friendly products.

Key Takeaways:

NetZero Pallet, a Vietnam-based company, won the 2025 Small Business Champions Competition, a prestigious award recognizing innovation in circular economy practices.
The company stood out among over 2,000 global entries with its unique approach to manufacturing and exporting storage and transport pallets from recycled agricultural waste.
The WTO Director-General, Ngozi Okonjo-Iweala, praised NetZero Pallet's goal of providing environmentally friendly products.
Minister Counsellor Pham Quang Huy, Deputy Permanent Representative of Vietnam to the UN and WTO, welcomed the recognition and thanked the WTO and ITC for supporting SMEs with platforms to showcase green innovations.
The competition, launched in 2021 by the WTO, ICC, and ITC, encourages creative initiatives to engage small businesses more effectively in global trade.
NetZero Pallet's recognition highlights its commitment to sustainability and environmentally friendly practices.

Statistics:

NetZero Pallet was one of two top winners among over 2,000 global entries in the 2025 Small Business Champions Competition.
SMEs make up over 90% of businesses worldwide, providing more than 60% of global jobs.
The 2025 Small Business Champions Competition is an annual event, launched in 2021 by the WTO's Informal Working Group on MSMEs, ICC, and ITC.

Sources:

Vietnam News Agency (exact text)
World Trade Organisation (WTO) (exact text)

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