Sixty-one foreign-invested enterprises, along with 100 local firms which have high growth rates and provided superior products and services favoured by consumers, received the Golden Dragon Award and Vietnamese Excellent Brands on Saturday in Ha Noi.

Initiated in 2001, the awards seek to honour businesses for their operation and contributions to the economy. In addition, the firms were recognised for actions taken to protect the environment, as well as ensuring the rights of labourers.

The organising board said that this year, enterprises which have been in the lead in putting in place policies called for in the fourth industrial revolution, were also honoured.

These companies have made great efforts to overcome the difficulties caused by economic crises in the region and the world. They also have strategic plans to improve their competitiveness, while remaining active in international integration.

Several well-known names were honoured with Golden Dragon Awards, such as Samsung, Deloitte Viet Nam, Unilever and Honda. Others were awarded the Vietnamese Excellent Brands, including VietinBank, VinGroup, Viettel, Vietcombank, Viettel and Vinamilk.

Nguyen Khac Trinh, deputy director of Phuong Linh Company, said a strong brand name has been the precondition for business development amidst international integration.

“Companies should have new thoughts and technologies, if they want to have a strong brand name,” Trinh said, adding that companied need to update their machinery to improve the quality of their products, while reducing their costs to consumers.

The annual prize is sponsored by the Ministry of Planning and Investment’s Foreign Investment Agency, and the Viet Nam Economic Times, to honour contributions to the nation’s economy by Vietnamese businesses. This is the 16th consecutive year the awards have been handed out. — VNS