The Australian Chamber of Commerce (AusCham) will host its seventh Annual Business Awards event on November 10 in HCM City.

The awards recognise the success of Australian and Vietnamese organisations that have made an outstanding contribution to the development of the business environment in Vietnam, according to a press release from AusCham.

Each award category has clearly defined criteria enabling applicants to select their relevant business category.

All applicants must have an AusCham membership and will be required to show their business links to Australia.

Awards will be granted to those demonstrating overall business excellence in hospitality, innovation, corporate social responsibility, professional service, and to an outstanding alumnus.

"Developing successful Australian businesses in Vietnam is integral to strengthening the relationship between our two countries," said Wayne Bannon, AusCham national president. "It is important we recognise those who have made outstanding contributions, not only in their field, but to this country's growing economy"./.