Sustainability - lodestar for business development
Sustainable development should be put at the core of enterprises’ business strategy if they want to integrate into and rise higher in the global value chains, said General Secretary of the Vietnam Chamber of Commerce and industry (VCCI) Nguyen Quang Vinh.
At the ceremony to launch annual programme ranking the most sustainable businesses in Vietnam in 2018 (Photo: VNA)
Hanoi (VNA) – Sustainable development should be put at the core ofenterprises’ business strategy if they want to integrate into and rise higherin the global value chains, said General Secretary of the Vietnam Chamber ofCommerce and Industry (VCCI) Nguyen Quang Vinh.
He made the remark at the ceremony held in Hanoi on May 8 to launch the annual programmeranking the most sustainable businesses in Vietnam in 2018.
Balancing sustainability with economic development is no longer an issue forindustrialised and wealthy countries alone, but is a critical concern for alleconomies, Vinh said, noting that Vietnamese businesses need to look farther ratherthan pursuing immediate profits.
He underlined that this year, the VCCI and the Vietnam Business Council forSustainable Development (VBCSD) will collaborate with a group of experts to decidea standard level for sustainable development. The move aims to encouragecompanies to measure their efforts towards sustainable development plansbesides honouring the top 100 pioneering and successful enterprises.
In order to rank 100 most sustainable companies, the Corporate SustainabilityIndex (CSI) continues to be used to evaluate the involved firms’ performancebased on 151 quantitative criteria.
According to Dao Thuy Ha, a representative from drug maker Traphaco JSC, theCSI gives comprehensive assessment on an enterprise’s operation in terms of notonly capital and finance, but also environmental, energy, climate change andworker issues.
Integrating CSI into sustainability report will make the overall picture of anenterprise become more transparent, she said, adding that the values that afirm generates are not only dividends but also job creation, environmentprotection and conservation of natural resources.
The top 100 sustainable businesses 2018 listing will be announced at a ceremonyheld in November.
The 2017 programme attracted the participation of over 500 enterprisesspecialising in a wide range of industries.-VNA
A national cooperation programme on sustainable employment for 2017-2021 between Vietnam and the International Labour Organisation (ILO) was signed in Hanoi on December 5.
The government will continue paying close attention to agriculture and rural areas and create the best environment for their development, Prime Minister Nguyen Xuan Phuc said during a dialogue with farmers in the northern province of Hai Duong on April 9.
Developing creative business models that help generate profits and at the same time improve the life of the community and well address social issues is the new way of doing business in Vietnam.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
At the ceremony to launch annual programme ranking the most sustainable businesses in Vietnam in 2018 (Photo: VNA) 
