Deputy Prime Minister Truong Hoa Binh presents Red Star Awards to young entrepreneurs at the ceremony (Source: VNA)

Hanoi (VNA) - Ten entrepreneurs, whose firms have made outstanding contribution to community development, received Red Star Awards at a ceremony in Hanoi on December 28.

These entrepreneurs together earned a turnover of over 235.44 trillion VND (10.36 billion USD) in 2016, contributing over 35.5 billion VND (1.56 billion) to the State budget and creating 46,600 jobs.

The event, the tenth of its kind, saw the participation of Deputy Prime Minister Truong Hoa Binh; Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung; First Secretary of the Ho Chi Minh Communist Youth Union Central Committee Le Quoc Phong; and 3,000 entrepreneurs from nationwide.

Addressing the event, Deputy PM Truong Hoa Binh said the Party and State have always valued the role of enterprises and businessmen in the national construction and development, saying that they have made active contribution to the nation’s achievements in 2017.

He underlined difficulties and challenges facing Vietnam’s economy in the fourth industrial revolution, urging businesses and entrepreneurs to reform and adapt to new economic models and expand their business globally.

He expressed his hope that the Red Star award winners will make greater efforts to ensure sustainable development, contributing to making Vietnam a modern, industrialized nation in the new stage.

The Red Star Awards, initiated in 1999, aims to honour outstanding young entrepreneurs for their sustainable economic achievements and contributions to social development.

The 100 top businessmen created nearly 320.7 trillion VND (14.11 billion USD) in revenue in 2016, contributing nearly 40.68 trillion VND (1.79 billion USD) to the State budget, and creating jobs for 119,000 labourers. -VNA