Golden Dragon awards laud top foreign firms

Eighty foreign-invested businesses from various sectors will be awarded the Golden Dragon Award for excellent business performances in 2010.

The finance, banking and insurance sector excelled with 15 winners, followed by real estate and services with 13. Other awards went to businesses involved in construction and building materials, the automotive industry, agriculture, forestry and fisheries, electronics and education.

“Along with the foreign-invested business community in Viet Nam, the award winners have made significant contributions to the country’s economic structure and enhanced its industrial production capacity,” said the editor-in-chief of the Vietnam Economic Times, Dao Nguyen Cat during a press conference yesterday.

They had also contributed to speeding up technical transfer and administrative procedure reforms as well as improving the transparency of the country’s investment climate, he noted.

The Golden Dragon Awards had encouraged our efforts to make a long-term investment in Viet Nam, said Gavan Iacono, general director of Language Link Viet Nam, one of this year’s winners.

The country’s future was rosy if it could continue to attract investment both externally and internally, he said, adding that the bigger priority was domestic investment.

“History tells us that foreign investors were the first to leave when things got challenging so focusing on developing local investment would set Viet Nam up for the long-term.”

“International investment is still very important, and I’d like to see a good balance between the two,” he said.

The annual awards have been organised by Vietnam Economic Times and the Ministry of Planning and Investment’s Foreign Investment Agency for a decade now and this is the 10th consecutive year the awards have been conferred on outstanding businesses.

The awards ceremony will take place in Ha Noi this Sunday. — VNS

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