Speaking at the Data Center & Cloud Infrastructure Summit Light 2023, recently organized by Viettel IDC in Ho Chi Minh City, Mr. Hoang Van Ngoc, CEO of Viettel IDC, stated that economic fluctuations present challenges but also create opportunities for organizations and businesses that proactively prepare and adapt, along with choosing appropriate strategies. These include ESG – a set of standards for measuring a business's orientation and operations in the areas of environment, social responsibility, and governance, aiming to maintain and ensure long-term sustainable development for the organization and its impact on the community.
Many solutions to help businesses achieve sustainable growth were shared at the Data Center & Cloud Infrastructure Summit Light 2023 event organized by Viettel IDC.
In recent years, ESG has received widespread attention in Vietnam, thanks to the government 's efforts to promote the practice of international ESG-related best practices, along with the increasing demand for investment from international investors in Vietnam and the deeper integration of Vietnamese businesses into the global market, especially in developed countries where sustainable development is becoming a mandatory requirement.
A representative from Viettel IDC also emphasized that ESG will be a game-changer for businesses by enabling them to operate in a cleaner, more transparent, and environmentally friendly manner based on clear principles and standards.
According to a survey by PWC, a leading global auditing firm, up to 80% of Vietnamese businesses surveyed have committed or plan to commit to implementing ESG within the next 2-4 years.
Over the past decade, digital transformation has dominated the minds of business leaders. It's evident that never before in human history has digital technology been so closely intertwined with every aspect of life as it is today.
Technological advancements are increasingly contributing to the development of ESG strategies for businesses, acting as a fourth pillar of ESG alongside Environment (E), Social (S), and Governance (G). A range of new technological solutions such as Smart City, Smart Factory, Smart Logistics, Smart Education, Digital Trust, etc., all impact environmental, social, and governance aspects, based on foundational technologies like IoT, Big Data, AI/ML, Blockchain, and 5G Security.
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