Ms. Lê Thị Ánh Trinh
The Golden Star of Vietnam award is one of the most prestigious honors presented to Vietnamese brands that demonstrate outstanding performance in the era of global integration. In this article, GC Food highlights the award’s significance, evaluation criteria, eligibility requirements, and our journey to earning a place in the Top 200 Golden Stars of Vietnam.
1. What is the Golden Star of Vietnam award?
The Golden Star of Vietnam award is a prestigious national program honoring enterprises that have made outstanding contributions to Vietnam’s international economic integration. Launched in 2003, the program is organized by the Ho Chi Minh Communist Youth Union Central Committee, the Vietnam Youth Federation, and the Viet Nam Young Entrepreneurs Association.
Businesses that receive the Golden Star of Vietnam are presented with a Certificate of Merit from the National Committee for International Economic Cooperation, along with an official certificate and the Golden Star trophy. Award-winning companies are also granted the right to use the official award logo for commercial and branding purposes from the time of recognition until the next award cycle.
In addition, honored enterprises gain valuable opportunities to promote their brands and products through media channels affiliated with the Golden Star of Vietnam program. They are also given priority access to Vietnam International Integration Trade Fairs and major domestic and international exhibitions. Notably, award recipients are provided with a dedicated display space at the Vietnam International Integration Trade Fair Center at no cost, further strengthening their brand visibility in both local and global markets.
2. Evaluation criteria for the Golden Star of Vietnam
The organizing committee evaluates and selects award recipients based on three core criteria.
2.1. Legal compliance
Participating enterprises undergo a thorough review of their legal compliance. Only companies that fully meet regulatory requirements - particularly in taxation, social insurance contributions, and environmental protection - are eligible for consideration. This criterion ensures that recognized businesses not only achieve strong performance but also operate with transparency, responsibility, and full adherence to Vietnamese law.
2.2. Production and business capacity
To earn recognition under the Golden Star of Vietnam, enterprises must demonstrate strong financial capacity and effective business performance. The organizing committee evaluates candidates based on the following indicators:
- Total assets
- Owner’s equity
- Revenue
- Profit
- Profit margins
- Contribution to the state budget
- Workforce size
- Average employee income
- Achievements and certificates of merit awarded to the company and its leadership
In addition, the award panel assesses product quality, pricing strategy, production technology, after-sales service, competitive capability, and overall brand recognition. This comprehensive evaluation framework ensures that award-winning businesses are not only financially sound but also competitive, innovative, and sustainable in the marketplace.
2.3. Innovation and creativity
Enterprises honored with the Golden Star of Vietnam are expected to demonstrate continuous innovation and product development. This includes registering intellectual property for new products, investing in R&D, and improving production processes to meet market demands. Businesses are also recognized for contributing to social welfare and community development, demonstrating a commitment to sustainable growth and corporate responsibility.
3. Eligibility for the Golden Star of Vietnam award
Under the program’s regulations, all enterprises legally registered and operating in Vietnam are eligible to apply for the Golden Star of Vietnam, except for companies that are 100% foreign-owned. Businesses may register under their primary brand name or any trademarks they legally own. Participating enterprises are required to comply with the award's official regulations, submit accurate and transparent documentation, and cooperate fully throughout the verification and on-site evaluation process.
4. GC Food’s journey to the Golden Star of Vietnam award
GC Food’s journey toward the Golden Star of Vietnam began with a clear ambition: bringing Vietnamese coconut jelly and aloe vera products to the global market. Since 2015, GC Food has made strategic investments in raw material regions, advanced processing technology, and the establishment of Vinacoco Food Joint Stock Company (VINACOCO) to specialize in coconut jelly production.
With manufacturing processes certified to FSSC 22000 international standards and a modern factory system located in Dong Nai Province, VINACOCO has grown to become the largest coconut jelly manufacturer in Vietnam. Today, its products are exported to 27 countries across Asia and Europe, including demanding markets such as Japan and South Korea, reinforcing GC Food’s position as a globally competitive Vietnamese food brand.
Since its establishment, VINACOCO has earned numerous prestigious recognitions, including the National Quality Award 2022, a 4-star OCOP certification, and the title of Outstanding National Rural Industrial Product. Most notably, GC Food was honored among the Top 200 Golden Stars of Vietnam 2024 recipients, reaffirming the company’s strong capabilities in innovation, competitiveness, and international integration.
In summary, the Golden Star of Vietnam award serves as a powerful motivation for Vietnamese enterprises to continuously innovate and strengthen their global competitiveness. GC Food’s inclusion in the Top 200 Golden Star of Vietnam 2024 is a clear testament to its sustainable growth and its mission to deliver a “happy food chain” to consumers both in Vietnam and around the world. To learn more about GC Food’s development journey and contributions, please visit our official About GC Food page.
This article was produced by the GC Food Team - Experts in natural ingredients.