Vietnam Golden Quality Award was initiated by the Ministry of Science, Technology and Environment and is organized in 1996 since then. The award consideration is based on the evaluation of 7 major activities of the business as followings:

Leadership
Strategic planning
Customer and Market focus
Information and analysis
Human resource focus
Process management
Business results

Golden and silver awards are granted to top organizations.  

Coats Phong Phu was granted the Golden Award for 2 consecutive years of 1996 and 1997.