Taekwang Vina Industrial Joint Stock Company, a business from the Republic of Korea operating in southern Dong Nai province, was awarded the third class Labour Medal for its 20-year contribution to Vietnam’s development.

The ceremony on September 30 saw the participation of Oh Jae Hack, the Korean General Consul in HCM City, and local authorities.

Addressing the event, Chairman of the provincial People’s Committee, Dinh Quoc Thai, said Taekwang Vina JSC had made substantial contributions to the province’s economic growth and created thousands of jobs for local residents.

Thai expressed his hope that the business would be inspired by the State’s honourable medal to increase its contributions to Vietnam’s economy even further.

Taekwang Vina Industrial JSC, which produces sport shoes for export, employs more than 24,000 workers.

In 2013, revenue totalled 400 million USD, a significant increase compared to the previous five years.

The company fulfilled its obligations to Vietnam and actively joined local social and charitable efforts, such as constructing social housing, providing literacy training for worker and establishing low-price supermarkets. On the occasion, the company donated 3 tonnes of rice to local elderly residents and orphans.-VNA