Addressing the event, Deputy Minister of Planning and Investment, Dang Huy Dong, spoke highly of the honoured businesses, highlighting their good business operation, growth potential, continuous business innovation and flexibility, responsibility for the society and the community, and significant contributions to the development and prosperity of the economy.
FAST500 sees the presence of the Sunhouse Group JSC, the Da Nang – Mien Trung Investment JSC, the Dong Nai Plastic JSC and the Central Forest Seed JSC, while BP500 features military-run telecom giant Viettel, the Vietnam Dairy Products JSC (Vinamilk), the Mobiphone Corporation and the FPT Telecom JSC.
On the occasion, Vietnam Report also introduced the Vietnam Growth and Prosperity Report 2017, which pointed out that the new period requires the Vietnam economy to make radical transformations in terms of quality, efficiency and competitiveness to ensure successful integration and sustainable development.
As for enterprises, in order to gain success and maintain status in the market, the two factors of growth and prosperity must be thoroughly taken into account and closely associated with each other, the report said.
It added that businesses should not only set out growth targets in terms of quantity but also have to ensure growth in quality, which means responsibility for labourers, the society and the community.
According to a Vietnam Report survey conducted among its FAST500 and BP500 businesses, over 80% of the interviewed companies were clearly aware of and highly appreciated the role of growth, considering it the most important factor to bring businesses closer to prosperity.
Corporate social responsibility (CSR) was also the issue that received the most feedback from enterprises. CSR mentions an entire process of striving to promote transparency in business, support local communities, reduce the unemployment rate, protect the environment and provide employment for labourers.
The biggest motivation for businesses in enforcing their social responsibility is to preserve and increase their trademark prestige.
