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Business forum talks decade of sustainable development

The 8th Vietnam Corporate Sustainability Forum (VCSF) took place in Hanoi on December 9, with a focus on working towards a decade of sustainable development so that no one is left behind.
Business forum talks decade of sustainable development ảnh 1A garment factory in My Hao district of Hung Yen province. (Photo: VNA)
Hanoi (VNA) – The8th Vietnam Corporate Sustainability Forum (VCSF) took place inHanoi on December 9, with a focus on working towards a decade of sustainable developmentso that no one is left behind.

The annual event wasorganised by the Vietnam Chamber of Commerce and Industry (VCCI) and theVietnam Business Council for Sustainable Development (VBCSD). It served as an occasionfor enterprises to discuss and propose solutions to the Government to improvetheir resilience, competitiveness, and sustainable development.

Speakers at the forum providedan insight into the national strategy for green growth 2021 - 2030, updates tothe Nationally Determined Contributions, enterprises' contributions viasustainable business models, and important strategic orientations forscientific - technological development to boost Vietnam’s digital economy.

VCCI Chairman Pham Tan Congsaid sustainable development is the common trend that the whole world isworking towards, and it is also a strategic goal that the Vietnamese Governmentis determined to achieve.

In particular, in the currenttrying time, when the country and others around the world are facing an arrayof challenges posed by natural disasters, political uncertainty, and theCOVID-19 pandemic, it is even more necessary to work towards a decade of sustainabledevelopment without anyone left behind.

VBCSD Vice Chairman andSecretary General Nguyen Quang Vinh said the pandemic is like a harsh test forthe “health” and “mettle” of businesses, elaborating that when the consumptiondemand dives, export and import encounter difficulties, and supply chainsare disrupted, enterprises have to make adjustments and issue appropriate businessstrategies. Enterprises that are  unable to adapt to those challenges will suffer fromstagnation in their production and business activities, revenue decline, and bankruptcyrisk.

The number of firms dissolvedin the first 11 months of 2021 exceeded 100,000, rising by over 15 percent yearon year, he revealed.

However, businesses that havepursued sustainable development for many years have already had “antibody”against the pandemic, maintained stable operations, and even made breakthrough growth.They have also substantially contributed to the pandemic combat and thesettlement of consequences, Vinh said.

Adopting a sustainabledevelopment strategy is like an effective “dose of vaccine” for businessesagainst adverse impacts of the pandemic, he added./.
VNA

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