The HCM City People’s Committee on January 21 presented the HCM City Golden Brand Award to 30 enterprises for their outstanding achievements in building and developing brands for products and services. VNS Photo Đình Lý

HCM CITY— Thirty enterprises on January 21 received the HCM City Golden Brand Award from the city People’s Committee for their outstanding achievements in building and developing brands for products and services.

The committee assigned the Department of Industry and Trade and the Saigon Times Group to launch the award.

The award attracted 64 enterprises in different industries within one month after launch. It will be held annually.

The 30 enterprises are leading companies or at the top of their business and production industries.

Their total revenue in 2019 reached VNĐ252.8 trillion (US$11 billion), or 21.8 per cent of the city’s total revenue of retail sales of consumer goods and services in 2019.

Their total after-tax profit reached VNĐ32,7 trillion.

According to the evaluation of the Voting Council, most of the products and service brands of the winning enterprises have undergone a long process of establishment and development. They have had a firm position in the marketplace and a good reputation in customers’ minds and made active contributions to the city’s economic development.

Bùi Tá Hòang Vũ, director of the Department of Industry and Trade, said: “The 30 products and service brands are typical ones, representing the three core values ​of quality prestige, impressive brand, and ahead of trends.”

Nguyễn Thành Phong, chairman of the city People’s Committee, said: “Building and developing brands has always been the focus of the Party and the State, and it is also an important factor for sustainable development.”

“The city pledges to support the promotion and development of corporate product brands, and support innovation and digital transformation to take advantage of the fourth revolution; and prioritize investment in logistics infrastructure, create smart and efficient connections, and reduce costs and improve competitiveness,” Phong said.

The city will develop a plan to support businesses winning the award, he added. VNS