ESG & Net Zero Strategy: A Sustainable Path for Commerce – Industry...

In the context of global trade shifting strongly towards green and sustainability, ESG and Net Zero – from a strategic choice – are gradually becoming a vital factor for Vietnamese trade and industry to move forward and sustainably on the constantly changing global playing field.

ESG and Net Zero – From a Strategic Choice to a Matter of Survival

In the context of a rapidly restructuring global trade towards sustainable development, ESG (Environmental, Social, and Governance) standards and the Net Zero target (zero net emissions) are no longer an option, but a prerequisite for Vietnamese businesses to maintain a competitive advantage in the international market. The increasing demands from regulatory bodies worldwide (CBAM, CS3D, etc.) and in Vietnam (Decision 13/2024/QD-TTg on greenhouse gas inventory) are directly impacting businesses in their operations. Particularly, with increasingly stringent retaliatory tariffs from the US, Vietnamese businesses are forced to diversify their export markets – where ESG standards are considered mandatory – making the pressure for green transition increasingly evident in all key export sectors.

For large organizations, building an image with investors increasingly involves considering ESG factors when making investment decisions. In addition, environmental risk assessment in lending activities has become a mandatory criterion in the credit granting process, as directed and regulated by the Bank.

Therefore, according to experts, for a comprehensive and systematic ESG transition, businesses need to make well-planned investments and develop ESG strategies tailored to their specific industry and circumstances in order to meet standards or keep up with updated trends. However, the transition can begin with small, practical steps, and businesses are not alone on this journey; they will always have the support of large organizations with resources and experience in this field.

Roadmap towards ESG and Net Zero

Last weekend, Huawei Digital Power Vietnam, Techcombank , JJ-LAPP, and Solar Electric Vietnam JSC (SEV) jointly organized a seminar titled “ESG & Net Zero Strategy: A Sustainable Path for Vietnam's Trade and Industry,” attracting nearly 100 businesses in the manufacturing, energy, construction, and electronics sectors in the northern region. The aim was to raise awareness and share practical solutions for businesses on their transformation journey.

Speaking at the conference, Jason Wu, General Manager of Digital Energy Business for Southeast Asia at Huawei Technologies, shared: "Green transformation is not a sprint, but a sustained journey requiring long-term cooperation and solidarity. Huawei is committed to standing alongside Vietnam on the path towards carbon neutrality by activating advanced technologies, training a team of quality experts, and building a comprehensive strategic partnership. Huawei aspires to become Vietnam's technology partner – applying global innovation to contribute to building zero-carbon industrial parks."

The workshop delivered many practical and inspiring messages for businesses on ESG & Net Zero: from solar energy solutions, storage systems, and AI technology that optimize design and operation, helping businesses get closer to Net Zero, to the energy transition roadmap shared by SEV and ESG implementation experience from the international corporation Jebsen & Jessen. This shows that Vietnamese businesses can proactively adapt to policy trends and green investments. More importantly, the ESG journey can begin with simple steps, with practical support from banks like Techcombank and pioneering partners like JJ-LAPP – who not only provide products but also commit to long-term partnerships in creating a smart and sustainable industry.

Notably, the event demonstrated strong collaboration and support from large, experienced organizations such as Huawei, Techcombank, JJ-LAPP, and SEV, which will create strength and increase advantages for the ESG development journey of businesses, especially commercial and industrial enterprises, which are key growth drivers of the economy .

Banks in the journey of enterprise ESG transformation

To date, Techcombank has implemented a series of solutions to support businesses in transitioning to ESG based on three pillars: providing green and sustainable financial solutions (Green Financing, Green Bond, SLL), connecting businesses in sustainable value chains, and advising on ESG capacity building. Simultaneously, the bank collaborates closely with international consulting organizations and government agencies to help businesses access preferential policies, support green transition, and build effective Net Zero roadmaps. Through its comprehensive ESG strategy and practices in operations and financial solutions, Techcombank affirms its commitment to accompanying the sustainable development of its customers and the Vietnamese economy. Integrating ESG not only helps businesses meet international requirements but also enhances risk resilience, attracts investment, improves operational efficiency, and creates long-term value.

Speaking at the event, Ms. Chu Thi Lan Huong, Director of ESG at Techcombank, emphasized: “In the context of global economic uncertainty, ESG is no longer an option, but a vital requirement for businesses to survive and develop sustainably in a volatile business environment. Techcombank is committed to long-term partnership with businesses, not only in financial aspects but also in strategic consulting, helping businesses confidently transform towards sustainability.”

Source: https://baodaknong.vn/chien-strategy-esg-net-zero-sustainable-direction-for-vietnamese-industrial-trade-250367.html