Viettel IDC chooses digital technology development strategy associated with sustainable green transformation

Developing digital technology in conjunction with sustainable green transformation is the dual strategy chosen by Viettel IDC. This strategy is expected to help completely change the way businesses operate in the future.

Recently, in the report "World Economic Situation and Prospects 2024", the United Nations made a gloomy forecast for the global economy in 2024 when conflicts escalate, global trade is weak, interest rates are high and climate disasters are increasing... This context poses many challenges for businesses in policy planning to continue to grow, while aiming for sustainable development. The 2008 financial crisis caused Lehman Brothers - the 158-year-old largest bank in the US and many large financial empires in the world to collapse. On the contrary, there are still many corporations and businesses that have overcome this recession and survived to this day, becoming global technology corporations in different fields such as Accenture, Microsoft, SAP, Cisco, Salesforce, LG... What these businesses have in common is that they have seen and seized their opportunities during difficult times thanks to proactive response with ESG strategy (a set of standards that evaluates 3 aspects: environment - society and corporate governance). ESG is considered a game-changer for businesses through operating businesses in a more responsible, more transparent and more environmentally friendly way based on clear principles and standards. According to a report by marketing consulting firm Edelman (USA), currently up to 88% of investors worldwide believe in generating good profits from companies that focus on ESG initiatives. By 2022, 56% of businesses in the Asia-Pacific (APAC) region will successfully apply ESG to their investment plans. In Vietnam, the stock market currently has more than 1,700 businesses on all three major exchanges HoSE, HNX, UPCoM, but only about 7 businesses in the top large capitalization implement full reporting in all three ESG aspects. In order to share sustainable development trends in the world and best implementation methods in Vietnam, Viettel IDC organized the Green Tech for Green Future workshop with the participation of representatives of sustainable development strategy consulting firm PwC, domestic and foreign organizations and businesses to exchange and share new perspectives towards sustainable development for the business community.

PwC representative shares about sustainable development application trends in the world.

The data center industry in Vietnam is increasingly demonstrating its role in the economy with strong growth in revenue, creating jobs for local workers. However, with the forecast of the scale of data centers in Vietnam by 2030 reaching 1,266 million USD, an average compound growth rate of 10.8%, this market also has many challenges to solve such as electricity and water consumption, carbon emissions, waste treatment and human issues to ensure sustainable development goals. At the workshop, Viettel IDC shared the company's sustainable development report in all 3 ESG aspects, and committed to implementing actions towards sustainable development goals in the next 15 years. Viettel committed that its action program will be closely linked to sustainable development goals and Vietnam's commitments at COP26, including increasing the rate of electricity and water savings; 100% of data centers and cloud services meet international standards and regulations in Vietnam; towards 100% of data centers using renewable energy with a rate of more than 30% of total electricity consumption; contributing to the development and capacity building of more than 1 million digital technology personnel for Vietnam and Viettel IDC's investment markets... Mr. Hoang Van Ngoc, CEO of Viettel IDC said: "With the leading role in the data center and cloud computing service market in Vietnam, Viettel IDC aims to develop business that always goes hand in hand with sustainability. Not only sharing our commitments to ensure the dual goal of developing digital technology with sustainable green transformation, we also hope that the Vietnamese business community will join us and choose to apply ESG appropriately to create a sustainable development value chain together".

PwC representative shares about sustainable development application trends in the world.

The stature of a business depends not only on revenue and profit but also on the responsibility that the business establishes for itself. The greater the responsibility, the greater the stature. Global responsibility means global stature. With "Technology from the heart" - popularizing digital technology, Viettel IDC is establishing a national responsibility, a global responsibility for itself, steadfast in the goal of sustainable development.

Truong Thinh

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