However, integrating and incorporating ESG standards into brand development still faces numerous difficulties and challenges. He said an increasing number of foreign investors have been making the implementation of ESG a key priority in investing in Việt Nam in recent years. Vinh said businesses can use the Corporate Sustainability Index, established by VCCI in 2016, to review their ESG performance to identify weaknesses and potential. She said that once successfully implemented, ESG will play an important part in helping businesses identify key issues and realise their full potential. During the event, participants discussed difficulties and challenges in the implementation of ESG in Việt Nam, as well as international experiences and recommendations to help the government and businesses adopt the standards.

Source: Viet Nam News November 09, 2023 20:14 UTC