Makers of high-quality goods win prizes

Jan 31st at 14:07
31-01-2015 14:07:43+07:00

Makers of high-quality goods win prizes

The Vietnamese High Quality Goods award will be conferred on 520 firms this year, 42 of them being first-time winners but an equal number winning it every year since its inception 19 years ago.

 

At a ceremony in HCM City next Thursday, the awardees will also include 339 firms who are winning for a third straight year.

The winners were selected from a list of 668 companies based on surveys of more than 20,000 households, individuals, and retailers at markets, supermarkets and shops around the country by the Business Association of High Quality Vietnamese Products, which gives the annual awards.

Most of the winners were makers of sauces, spices, electrical and household machines or construction materials, Hoang Trong of the association said.

They also had to meet certain criteria with regard to product quality and origin; comply with regulations on consumers and workers' rights, environmental protection and corporate social responsibility; and be innovative.

The survey found that most producers made significant improvement in product quality, with household utensil producers topping the list followed by firms in the embroidery, footwear, helmet, and office supplies sectors, Trong said.

It also found that Vietnamese goods had gradually won domestic consumers' trust, with 63 per cent of the surveyed people saying they "like" using Vietnamese goods compared to 11 per cent for Japanese goods, 6 per cent for US goods and 5 per cent for Thai goods.

But when it came to actual buying based on product origin, 80 per cent chose to buy made-in-Viet Nam goods.

The establishment of a single ASEAN market this year will mean both opportunities and challenges for Vietnamese firms, according to the association.

To compete with products from other member countries, they have no choice but to invest more in production technologies to produce quality products at competitive prices, it said.

Vu Kim Hanh, the association's chairwoman, said activities like trade fairs would be undertaken to support businesses, enabling them to develop both in the domestic and neighbouring markets and update their technologies and management.

The association also plans to strengthen communication activities to boost consumption of Vietnamese goods in the domestic market.

The awards ceremony will be held at the City Hall in District 3.

bizhub



NEWS SAME CATEGORY

Vietnam’s leading shrimp exporter to sell 50% stake to foreign partners

The Minh Phu Seafood Group is expected to complete a transaction this year to generate capital for its planned expansion abroad. It has withdrawn from the Ho Chi...

Three ministries unsure how to classify “strange vehicle”

The General Department of Customs (GDC) says it does not how to tax a so-called “strange vehicle”, a motorhome, because several government agencies have been unable...

Businesses have yet to feel effects of new import/export tariffs

Under the new import/export tariff scheme effective as of January 1, 2015, a zero tax rate is applied to many import items, but most Vietnamese businesses say this...

Standard Chartered expects higher economic growth in VN

Standard Chartered Bank expects Viet Nam's gross domestic product growth to accelerate to six per cent in 2015, higher than its previous forecast of 5.8 per cent.

Ha Noi to have first rent-free shopping centre

Domestic businesses will be able to use permanent rent-free stalls at the V+ Shopping Mall and Supermarket in Viet Nam, which will officially open on January 31.

S Korean firms favour Viet Nam

Viet Nam was the most popular destination for South Korean enterprises expanding overseas, according to a survey released by the Korean International Trade...

January business shutdowns up 23%

Nearly 11,000 businesses were dissolved or suspended their operations in January, reflecting a 23 per cent increase from a year ago, according to the General...

Power tariffs to rise 9.5 per cent

Electricity tariffs will be hiked up to 9.5 per cent in 2015, according to the Ministry of Industry and Trade.

Purchasing power leaps before Tet

The total retail sales and service revenue earned in the country in January this year was more than VND275.4 trillion (US$13 billion), data from the General...

Vietnam shuts down airport booths over meatless noodle rip-off

A commercial and services company has had to close two of its booths at Hanoi’s airport and pay a fine after the facilities were found selling a bowl of meatless...


MOST READ


Back To Top