Vietnam ESG Initiative encourages companies to align sustainability with business goals

(VOVWORLD) -The Vietnam ESG Initiative 2024 was awarded to businesses for their outstanding initiatives to adopt environmental, social, and governance (ESG) standards. The winners are Ecoka Joint Stock Company, Saigon Secoin Industrial Investment Joint Stock Company, and Shinec Joint Stock Company.

Vietnam ESG Initiative encourages companies to align sustainability with business goals  - ảnh 1Businesses are honored with "Vietnam ESG Initiative 2024". Photo: MPI

The award ceremony was held in Ho Chi Minh City on Thursday by the Agency for Enterprise Development under the Ministry of Planning and Investment (MPI) with support from the US Agency for International Development (USAID).

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

Deputy Minister of Planning and Investment Tran Quoc Phuong told the award ceremony that the business community are encouraged to align their sustainable development strategies with business goals to seize new opportunities of green transformation and improving competitiveness when participating in the global supply chain.

“Ministry of Planning and Investment commits to fine-tuning a favorable business and investment environment, enhancing the mobilization of domestic and foreign resources to support sustainable business development, and actively contributing to building an independent, self-reliant and sustainable economy.”

He recommended that businesses continue to proactively innovate production and business models, apply science and technology to strengthen internal resources, connections, and practice of ESG, deeply participate in the sustainable value chain and heighten the position of Vietnamese products globally.

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