This is the first time ever that a Vietnamese business has been bestowed with the award which is part of the councils program aiming to strengthen cooperation between China and ASEAN.
Nguyen Tien Thanh, a representative from Vinamit Joint Stock Company, said that the company received the prestigious award as a result of its successful introduction of its products into the Chinese market.
Vinamit’s products are now available in numerous provinces and cities throughout China and at present the Chinese market accounts for 60% of the company’s export revenue.
The winning ASEAN businesses are operating in a diversity of fields including real estate, manufacturing and trade and have actively promoted economic development at localities in China and attached high importance to protecting the environment.
The China-ASEAN Business Council has also organized a meeting to boost trade promotion activities in the Hunan province and Fangchenggang Port city in Guangxi province in order to develop the economic potential of these localities.
ASEAN is now the third largest trade partner and the second biggest export market of Hunan province.
Hunan province has established 337 businesses in ASEAN member countries with total investment capital of US$1.4 billion. It has also operated three industrial parks in Vietnam, Thailand and Laos.
