Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on November 25 for representatives from 124 enterprises which are honoured with Vietnam National Brand this year.

Prime Minister Nguyen Xuan Phuc (standing) receives representatives from
124 enterprises which are honoured with Vietnam National Brand this year
(Photo: VNA)

According to statistics, these companies’ combined revenues and export turnover hit VND1.4 quadrillion (US$60.5 billion) and VND137 trillion last year, respectively. They contributed over VND200 trillion to the State budget, and created jobs for over 471,000 labourers.

Minister of Industry and Trade Tran Tuan Anh said that after nine months of selection, 124 companies were selected from more than 1,000 enterprises to get the Vietnam National Brand title in 2020, 27 higher than in 2019.

Speaking at the event, PM Phuc said that despite impact of the COVID-19 pandemic and natural disasters, Vietnam maintains social stability and positive economic growth this year at around 2.5-3%.

The achievement is contributed partly by the enterprises with the national brand, he stressed.

He asked the Ministry of Industry and Trade and businesses to find more effective measures to create the larger output, better quality and bigger contribution to the nation.

Ministries, sectors and localities were requested to work to build the brand of the nation, each sector and each locality, as well as creating favourable conditions for businesses.

The Government will issue new policies and more favourable mechanisms, and pay more attention to all types of enterprises, especially those with small and medium sizes to help them soon get the national brand title, the Government leader pledged.