Twenty companies were awarded the golden triumphs while another 57 received the silver prize in a ceremony held by the Ministry of Science and Technology (MoST) yesterday morning in Ha Noi. — VNA/VNS Photo Anh Tuan

HA NOI (Biz Hub) — Seventy-seven domestic enterprises yesterday were granted the National Quality Award 2015, the country's only prize to recognise outstanding enterprises regarding their product quality and performances.

Twenty companies were awarded the golden triumphs while another 57 received the silver prize in a ceremony held by the Ministry of Science and Technology (MoST) yesterday morning in Ha Noi.

"The awards are for those pioneering in applying advanced machinery and management system, achieving excellence in production and business performance which actively contributed to society," said the Party's Central Economic Commission Head Nguyen Van Binh.

The award judgment board selected the winners – all from manufacturing or services sectors – based on seven criteria regarding the companies' leadership, operation strategies as well as market and customer policies.

This year also marked the 20th year of the award, which was first initiated in 1996 as a part of a national movement to promote goods quality and productivity of domestic enterprises.

"Since then, the National Quality Award has gone beyond being just a movement and has become an effective means to help Vietnamese firms improve themselves by increasing their competitiveness, management capability and credibility to the customers," said Tran Viet Thanh, MoST Deputy Minister, also the National Quality Award Council Chairman.

"It is also a motivation for Vietnamese firms to deepen their integration into the regional and global markets".

On occasion of the anniversary, ten enterprises were granted merits as an acknowledgement of their efforts and contributions to the award though its history.

Another three domestic enterprises which won the Global Performance Excellence Award (GPEA) 2014 were also called onto the stage at the ceremony for celebration.

The National Oil Services JSC of Viet Nam, the Thien Long Group and the Nam Duoc JSC became the latest award winners among the 37 Vietnamese companies granted the GPEA since 2010.

The GPEA is a quality award for outstanding enterprises in Pacific-rim nations or countries that border on the ocean. — VNS