Ha Noi (VNA) – Eighty foreign-invested companies were honoured on Jan. 26 in Ha Noi for their excellent business performance in 2007.
“After seven year of success, the Golden Dragon Award aims to encourage foreign-invested enterprises to expand their business activities in Viet Nam and make even greater contributions to economic development,” said the editor-in-chief of the Viet Nam Economic Times, Dao Nguyen Cat.
“They affirm the Vietnamese Government’s policy of attracting foreign investment and its increasing consideration for the role of the foreign-invested sector in the country’s economic performance,” he said.
George Kobrossy, general director of Zamil Steel Viet Nam Co, one of the award winners, said that the 20.3 billion USD in foreign direct investment which the country attracted last year proved the Government’s on-going effort to create the most favourable conditions for foreign investors.
It also demonstrated the high confidence of foreign investors in choosing Viet Nam as an investment destination and an acknowledgement of its plentiful labour resources and social and political stability.
There was no doubt that Viet Nam was an attractive destination for investors, said Ashok Sud, general director of Standard Chartered Bank for Viet Nam, Laos and Cambodia.
He suggested that, in the medium term, the country should draw up overall strategies for five or six competitive sectors that could help the country turn a new page of development. The sectors should focus on providing quality products and services rather than be based solely on a cheap labour pool.
The awards ceremony was organised by the Viet Nam Economic Times and the Ministry of Planning and Investment, with sponsorship from several government ministries and agencies, including the Ministry of Industry and Trade and the Ministry of Information and Communications, as well as the Viet Nam Union of Scientific and Technical Associations. The awards are presented annually.
This year’s winners were lauded for achievements in such diverse fields and the automotive industry; agriculture, forestry and fisheries; food and beverages; construction and construction materials; real estate; banking, insurance, and other financial services; heavy industry, garments and footwear; transportation; cosmetics; electronics; information technology and telecommunications; oil and gas; healthcare and education and training.-Enditem
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