Vietnam ESG Initiative Awards 2024

Launched in January this year, the ESG Vietnam initiative has attracted strong interest from the business community with a series of initiatives towards green transformation and sustainable development.

On the afternoon of October 3, in Hanoi, the Department of Enterprise Development, Ministry of Planning and Investment , together with the US Mission in Vietnam, through the US Agency for International Development (USAID), organized the "Vietnam ESG Initiative Awards Ceremony 2024 and Introduction of tools to support Environmental, Social, and Governance (ESG) practices in businesses".

This is the second year the Program has been organized with the theme “Capturing the opportunity for green transformation”. The goal of the Vietnam ESG Initiative 2024 is to support Vietnamese enterprises to improve their competitiveness.

After reviewing the plans of the participating enterprises in implementing ESG and green transformation... The program's Organizing Committee officially honored the 3 most outstanding enterprises: Ecoka Joint Stock Company; Saigon Secoin Industrial Investment Joint Stock Company and Shinec Joint Stock Company won the final victory.

Award ceremony for businesses with "Vietnam ESG Initiative 2024". Photo: MPI

In addition, the program awarded 01 Prospective Award to EMIC HOSPITALITY Co., Ltd. for its efforts in green and sustainable tourism activities. Speaking here, Deputy Minister of Planning and Investment, Tran Quoc Phuong, said that the ESG Vietnam 2024 initiative encourages the business community to link sustainable development strategies with business goals to seize new opportunities in the context of green transformation and enhance competitiveness when participating in the global supply chain: In the coming time, the Ministry of Planning and Investment is committed to continuing to promote the improvement of a favorable investment and business environment, increasing the mobilization of domestic and foreign resources to support businesses in sustainable development, actively contributing to building an independent, self-reliant and sustainable economy . I recommend that businesses continue to promote the spirit of self-reliance, proactively innovate production and business models, apply science and technology to enhance internal strength, strengthen linkages, promote ESG practices, deeply participate in sustainable value chains and raise the position of Vietnamese products in the international arena. Ms. Arler Grubbs, Country Director of the United States Agency for International Development (USAID), said that the ESG Vietnam 2024 initiative encourages the business community to link sustainable development strategies with business goals to seize new opportunities in the context of green transformation and enhance competitiveness when participating in the global supply chain. Applying sustainable business models as well as ESG practices will help businesses meet the requirements of the market, partners and investors; access green investment capital sources; enhance their image and brand in the domestic and international markets. This is a good opportunity for businesses to turn compliance responsibility into a competitive advantage and ensure sustainable development for businesses./.

Thu Hang