Three best performers of Vietnam ESG Initiative 2023 announced
The three best performing businesses in the Vietnam Environmental, Social, and Governance (ESG) Initiative 2023 were unveiled at a forum held in Hanoi on October 13.
The three best performers of the Vietnam ESG Initiative 2023 announced. - Illustrative image (Photo: VNA)
Hanoi (VNA) – The three bestperforming businesses in the Vietnam Environmental, Social, and Governance (ESG) Initiative2023 were unveiled at a forum held in Hanoi on October 13.
The winning firms are HHP GlobalJoint Stock Company, Vietnam Food Joint Stock Company, and Vietnam Star Aniseed Cassia Manufacturing andExporting Joint Stock Company (VINASAMEX).
They will receive technicalassistance and in-depth advice to pilot, carry out, or expand their sustainablebusiness initiatives.
The Vietnam ESG Initiative 2023 is underthe cooperation between the US Agency for International Development (USAID) andthe Vietnamese Ministry of Planning and Investment (MPI).
Aiming to help enterprises adoptsustainable business practices, it is part of efforts to carry out Vietnam’sgreen growth strategy for 2021 - 2030 and the Prime Minister’s Decision 167/QD-TTgon promoting sustainable and inclusive growth in the private economic sector.
Deputy Minister of Planning and Investment Tran Duy Dong speaks at the event. (Photo: VNA)
Nguyen Duc Trung, Deputy Director of the MPI’s Enterprise Development Agency,said that Vietnam ESG Initiative 2023, launched in March, attracted 144 entriesfrom private companies, cooperatives, and business households.
The 10 best performers wereannounced in June and then received intensive training. They presented theirsustainable business, inclusive business, or circular economy models before thejury in September.
The initiative, lasting until 2025, is expected to encourage sustainablepractices among enterprises, thus helping enhance their competitiveness, createa basis for their long-term development, and support them to meet internationalstandards and join global supply chains, he noted.
Via the Vietnam ESG Initiative, the MPIand USAID will provide technical support for 300 enterprises, cooperatives, andbusiness households.
The initiative ispart of USAID’s Improving Private SectorCompetitiveness (IPSC) project, implementedfrom 2020 to 2025 with the aim of tackling policy and market problems thathamper small and growing enterprises, including those owned or run by women andpeople of vulnerable groups./.
It is undeniable that adopting environment, society and governance (ESG) principles is helping local companies improve business management and attract more foreign capital.
As Environmental, Social and Governance (ESG) standards have become mainstream and widely recognised as crucial for businesses, Vietnamese firms have been ready to embark on the ESG journey.
The adoption of environmental, social and governance (ESG) considerations in private investments is evolving from a risk management practice to a driver of innovation and new opportunities that create long-term value for business and society.
At the Top 50 Corporate Sustainability Awards announcement event on June 29 in Ho Chi Minh City by “Nhip Cau Dau Tu” magazine, Masan Group was named winner in two categories: Sustainable Resource Management and Outstanding Risk Management Platform.
The Ministry of Planning and Investment (MPI) and US Agency for International Development (USAID) have handed over cooperation pacts to the first 22 Vietnamese pioneering enterprises (PEs), who will receive customised technical assistance worth 150,000 USD in total from the USAID’s Improving Private Sector Competitiveness (IPSC) project.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
The three best performers of the Vietnam ESG Initiative 2023 announced. - Illustrative image (Photo: VNA) 
Deputy Minister of Planning and Investment Tran Duy Dong speaks at the event. (Photo: VNA) 
