Eighty foreign-invested enterprises which have performed well and provided good products and services favoured by consumers were conferred with the Golden Dragon Award in Hanoi on Jan.23.

The enterprises were recognised for their excellent performance in 2010 in the fields of finance, banking, real estate, services, construction and the automobile industry, among others. Several well known names were honoured such as Samsung Electronics, Ferroli Indochina, Ford, Mercedes-Benz Vietnam and Coca-Cola.

Speaking at the awards ceremony, Dao Nguyen Cat, editor-in-chief of Vietnam Economic Times, said that the award winners had made a significant contribution to the country's economic structure and increased its industrial production capacity.

"This shows the faith of foreign investors in the sustainable development of Vietnam ," Cat said, adding that they had also contributed to speeding up technical transfer and administrative procedure reforms, and improved the transparency of the country's investment climate.

Deputy director of Ferroli Indochina Co, Ltd Dang Dinh Gia said that the awards encouraged Vietnamese enterprises to improve the quality of their products and services and create a positive image for made-in-Vietnam products in the world market.

Figures from the Ministry of Planning and Investment showed that last year, FDI capital accounted for 25.8 percent of the total investment capital and foreign-invested enterprises exported 38.8 billion USD worth of goods, accounting for 53.1 percent of the country's total export turnover.

The annual prize is granted by the Ministry of Planning and Investment's Foreign Investment Agency and Vietnam Economic Times to honour contributions made by foreign-invested enterprises to the Vietnamese economy. This is the 10th consecutive year the awards have been held./.