The conference aimed to encourage businesses to embrace Environmental, Social and Governance (ESG) principles in their core philosophy, policies, practices and processes.
Vietnam's economic losses from natural disasters are estimated to account for 1 to 1.5% of GDP annually - a steep price that will continue to rise unless the country takes strong action.
According to the International Finance Corporation’s 2023 Country Climate and Development Report, businesses with clear ESG strategies attract 20–25% more investment than those without ESG strategies.
Many banks have established green transition steering committees, embedded the ESG criteria in their business strategies, and expanded funding for environmentally-friendly sectors.
The survey findings released in Ho Chi Minh City on March 21 show that the growth momentum is expected to accelerate in 2025, with 92% of small businesses expecting to grow, the highest projection among 11 markets surveyed.
Adopting green production and consumption not only reduces negative environmental impacts but also secures long-term economic benefits, enhances the quality of people’s life and fosters a circular economy.
At “How to Integrate ESG into Business Strategy: Best Practices from Singapore” held recently by VIETSTAR Institute of Management (VIETSTAR) and Singapore Management University (SMU), Boon Hoe Ooi, former CEO of Singapore's Jurong Port, said embracing ESG is an inevitable requirement.
A programme has been launched in Ho Chi Minh City to support businesses in Vietnam in measuring and implementing comprehensive ESG (Environmental, Social and Governance) practices in human resources management to improve their competitive edge in the global supply chain.
More small and medium-sized enterprises (SMEs) in Vietnam have integrated environmental, social and governance (ESG) practices into their operations amid the global trend of sustainable development and responsible business.
As part of efforts to advance sustainable business practices in Vietnam, in 2024, the Ministry of Planning and Investment (MPI) has leveraged resources from international organisations such as ESCAP, USAID, and UNDP to help businesses implement green, circular, and inclusive models.
Indonesian President Prabowo Subianto has urged US business leaders to prioritise environmental, social, and governance (ESG) principles when investing in his country.
The Vietnam ESG Initiative 2024 was awarded at a ceremony held in Ho Chi Minh City on October 3, honouring businesses with outstanding initiatives to adopt environmental, social, and governance (ESG) standards.
The Vietnam Software and IT Services Association (VINASA) held a ceremony to announce and honour the Top 10 Outstanding Digital Technology Enterprises in Vietnam 2024 on September 21.
Although the garment and textile industry is witnessing new export growth, the sector still faces challenges due to increasing market and customer demands, requiring them to leverage the industry’s position in the world market, according to experts.
The city’s strategic direction, the involvement of relevant units, and the pioneering efforts of businesses are key factors driving companies in the northern port city of Hai Phong towards green and sustainable development.
SK C&C - an information technology service provider in the Republic of Korea (RoK) - on August 5 announced that it has signed a Memorandum of Understanding (MoU) on cooperation with the FPT Information System (FPT IS) of Vietnam's leading IT company FPT Corporation in expanding the global digital Environment – Social – Governance (ESG) business.
Some 80-90% of banks have partially or fully applied ESG (Environment - Social - Governance) practices in their operations, the State Bank of Vietnam (SBV)’s official said.
Vietnam needs a clear regulatory framework and solutions to promote the green finance market and encourage private capital flows into green fields, experts have said.
In the face of fierce competition in the world market, Vietnamese retailers are racing to “green up” their trademarks towards sustainable brands, thus maintaining its home ground and reach out to foreign markets.
