CSR Awards honour six Korean firms
CSR Awards honour six Korean firms
Six Korean firms operating in Vietnam were awarded the Corporate Social Responsibility (CSR) Award on November 30 due to their high business efficiency and positive contributions to the Vietnamese community, society, and labour force.
These six enterprises are Nonghyup Bank, Chang Shin Vietnam, Doosan Vina, Everpia Company, CJ Vietnam Group, and Sung Bu Vina Company.
This was the sixth CSR Award ceremony for Korean firms in Vietnam that the Ministry of Planning and Investment has organised in collaboration with the Korean Embassy in Vietnam and the Korea Trade-Investment Promotion Agency (KOTRA) since 2011.
Speaking at the awards ceremony, Korean Ambassador to Vietnam Lee Hyuk said, “When the economic cooperation between the two countries is reaching the next level, the CSR activities of Korean investors in Vietnam start playing a more important role in strengthening the bilateral relation between the two nations.”
South Korea is now the biggest foreign investor in Vietnam in terms of both quantity and total investment among 112 countries and territories, with 5,593 projects worth approximately $50 billion. Up to now, Korean enterprises have invested in 19 sectors, mainly in the fields of manufacturing ($35 billion), real estate ($8.2 billion), and construction ($2.7 billion).
Korean businesses have invested in 52 cities and provinces in Vietnam, among these, Bac Ninh accounts for the largest investment volume (nearly $6.2 billion). Runners-up are Hanoi ($5.8 billion), Dong Nai ($5.5 billion), Haiphong ($5.4 billion), and Thai Nguyen ($5 billion).
"In the past, Korean companies were mainly known for trade and investment in Vietnam, however, we believe that CSR is an integral mission of Korean businesses operating here. CSR is getting more and more attention from enterprises of all s and walks of life," said KOTRA chairman Kim Jeahong.
The CSR Awards has become an annual highlight event since 2011 honouring Korean enterprises which are highly efficient and make positive contributions to the Vietnamese society and labour force, thereby enhancing the development of bilateral relation between the two countries.
This year, the collection of registration documents from Korean enterprises with outstanding CSR activities entitled “Share Together” started in September and attracted the participation of nearly 100 Korean businesses operating in diversified fields, such as heavy industry, transportation, garments and textiles, and goods distribution.
Nguyen Van Hieu, Deputy Minister of Planning and Investment stated, "Korean businesses in Vietnam play an important role in the development of not only the economy but of the country and society as a whole. We appreciate these efforts and expect a strong bilateral cooperation between the two countries."
