200 businesses to be honoured with Vietnam Gold Star Award 2021

From December 6-20, the central committee of the Vietnam Young Entrepreneurs Association established 41 working groups to carry out on-site evaluation at enterprises as a basis for selecting qualified enterprises for the award.

Le Phung Thang, permanent vice chairman of the pre-qualification committee of the award said that although the business community has been greatly affected by the COVID-19 pandemic, the number and quality of applications for this year's award came up to standard.

The Award, which is organised by the Ho Chi Minh Communist Youth Union Central Committee, the Vietnam Youth Federation Central Committee and the Vietnam Young Entrepreneurs Association, honours the enterprises that have achieved good business performance and sustainable development and undertaken good social responsibility.

The evaluation and voting is based on eight criteria: total assets, revenue, equity, post-tax profit, contribution to State budget, ROE, number of labourers and their average income, Thang said.

Apart from to evaluating financial figures, the completion of tax obligation and social insurance of enterprises are also considered, he added.

The business community's interest in the award over the years has demonstrated its prestige, according to Nguyen Ngoc Luong, Secretary of the Ho Chi Minh Communist Youth Union (HCYU) Central Committee, President of the Vietnam Youth Federation (VYF).

He said the award helps encourage businesses and entrepreneurs to contribute to the country’s development.  
As schedule, a ceremony to honour winners of the Vietnam Gold Star Awards 2021 will take place in March 2022.