Ministry hails prestigious export enterprises

09:12 | 08/07/2015 Trade

(VEN) - The Ministry of Industry and Trade issued Decision 5898/QD-BCT on approving and announcing the List of Prestigious Export Enterprises in 2014. After 10 years of implementation, these enterprises have made great contributions to the country’s increasing export turnover. Vietnam Economic News’ Phuong Lan talked with Deputy Minister of Industry and Trade Tran Tuan Anh.

Ministry hails prestigious export enterprises

Prestigious export enterprises have been aware of building their reputation and image

How judge whether an export business should be hailed for its work?

Thanks to an idea to support enterprises in trade promotion activities and encourage the Vietnamese export enterprise community to further enhance their reputation and image in trade and production activities, former Minister of Commerce Truong Dinh Tuyen deployed the Prestigious Export Enterprise Program in 2004. The selection and announcement of prestigious export enterprises are an annual activity of the Ministry of Industry and Trade, aimed at recognizing the positive contributions of the Vietnamese export enterprise community, while enhancing the reputation and image of Vietnamese enterprises in the eyes of foreign partners and organizations.

The Ministry of Industry and Trade has continuously implemented the selection of prestigious export enterprises since 2004 and criteria for the selection have been increasingly improved. However, the number of enterprises participating in the program has remained stable and tended to increase with an average of more than 300 enterprises a year, meaning that the value of the title has been recognized. Through the program, the Ministry of Industry and Trade has helped export enterprises promote trade and seek new markets, while enterprises have been aware of protecting and building their reputation and image.

Exports are the bright point of the economy. What contributions have export enterprises made?

As exports are such a key part of the country’s economy, businesses in the sector should obviously be recognized. They have promoted investment in production lines, increasing quantity and quality. Since 2004, prestigious export enterprises have contributed around 25-30 percent to total export turnover a year.

The Ministry of Industry and Trade will continue to choose new sectors with great potential to put into the program, aiming to encourage leading businesses to persify export items.

What benefits will award-winning firms enjoy?

Selected firms announced by the Ministry of Industry and Trade will be supported in activities such as free advertising of their products on the Ministry of Industry and Trade’s website and in magazines. In addition, they will be prioritized to participate in the National Trade Promotion Program, freely get monthly export items and market information from the Industry and Trade Information Center and join free e-commerce training courses.

These enterprises will be introduced in the List of Annual Prestigious Export Enterprises which will be sent directly to foreign partners and organizations; Vietnamese trade offices abroad and delegations who attend bilateral and multilateral economic forums in order to seek business opportunities.

With the goal of supporting and creating more favorable conditions for prestigious export enterprises, a number of state management agencies such as the General Department of Vietnam Customs and the General Department of Taxation have implemented activities to facilitate those enterprises in tax and customs. For example, the 2012-2013 list of prestigious export enterprises published by the Ministry of Industry and Trade was arranged by the General Department of Taxation in value added tax refund prior to inspection following the Ministry of Finance’s Office Notice 9345/BTC-TCT dated July 19, 2013 and was prioritized by the General Department of Vietnam Customs in the application of a priority regime in state management over customs for eligible enterprises following the General Department of Vietnam Customs Office Notice 4529/TCHQ-KTSTQ dated August 7, 2013. The Ministry of Industry and Trade will coordinate with the concerned agencies to carry out support activities for good export enterprises in the coming time.

What is your advice for these firms?

Vietnam has a lot of programs and awards for enterprises and products. However, this program has received many positive comments, effectively contributing to enhancing the reputation and image of Vietnamese enterprises.

Together with efforts of the Ministry of Industry and Trade and the Vietnamese export enterprise community, the program is hoped to increasingly promote practical effects.

Well-performing export enterprises are selected on the basis of accepting minimum export turnover levels stipulated by the Ministry of Industry and Trade, having their reputation in the eyes of foreign customers and fulfilling their legal obligations. Firms operating in prioritized sectors that need to promote exports or are facing difficulties are most likely to be recognized.

Phuong Lan

Theo ven.vn