Foreign-invested Firms Honored for Sustainable Development

Forty best performing foreign-invested enterprises in the southern key economic zone on Sunday were presented the Saigon Times Top 40 Award 2007 at a ceremony held in Ho Chi Minh City-based Caravelle Hotel.

At the awarding ceremony.

The annual award is organized by Saigon Times Group and the Departments of Planning and Investment of Ho Chi Minh City, Dong Nai, Binh Duong and Ba Ria-Vung Tau provinces.

Themed “Businesses and Sustainable Development” this time, the award granted prizes based on enterprises' good performances in business and practical contributions to the community, including charity and environment protection activities.

Besides, the ratio of disbursement to registered investment capital is another criterion.

Viet Nam saw a record growth of FDI inflows with US$20.3 billion in 2007, and the number is expected to soar in 2008. As of January 27, the country has attracted US$41.7 billion of FDI capital, a five-fold increase from the corresponding period.

Reported by Thuy Hai – Translated by Thuy Hang

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