This is the third year that the Vietnam ESG Initiative has been organized. With the theme “Resilient Governance – Sustainable Future”, the Vietnam ESG Initiative 2025 continues to aim at promoting sustainable business practices among private sector enterprises and implementing the ESG (environmental, social, and governance) assessment framework.
The Vietnam ESG Initiative is one of the efforts contributing to the implementation of Vietnam’s Green Growth Strategy for the period of 2021-2030 and the Prime Minister’s Decision 167 on the Program to Support Private Sector Enterprises in Sustainable Business, thereby helping Vietnamese enterprises seize new opportunities in the context of green transition and enhance their competitiveness in joining global supply chains. This is a great opportunity for businesses to turn compliance responsibilities into competitive advantages and create new values.
The Vietnam ESG Initiative 2025 will receive applications from enterprises until 5:00 pm on November 30, 2024 (Photo: IPSC)
The Vietnam ESG Initiative 2025 will provide pilot funding, implementation, or scaling up of excellent initiatives to spread sustainable business models, with a total technical support value of up to VND 2 billion for the top 3 winning enterprises. In addition, the top 10 finalists will receive in-depth training and 1-on-1 consulting (within 1-2 months) to update them on new trends in sustainable business and green transition, develop plans for implementing ESG within their enterprises, and establish sustainability reports according to international standards.
Moreover, participating enterprises will have the opportunity to be evaluated and recognized for their commitment and efforts in practicing sustainable business, thereby enhancing their reputation and attracting the attention of customers, employees, communities, investors, partners, and other stakeholders who value sustainability in their investment decisions and support for the enterprise.
The “Top 10 Vietnam ESG Initiative 2024” enterprises received training and support from the USAID IPSC project to develop and improve their ESG implementation plans (Photo: IPSC)
According to the expected schedule, the list of the top 10 outstanding enterprises advancing to the finals will be announced in December 2024 to receive training and 1-on-1 consulting to build and improve their ESG implementation plans and present them to the evaluation committee in January 2025 to select the top 3 winning enterprises. From March 2025, the top 3 winning enterprises will receive in-depth technical support from the USAID IPSC project, with a total value of up to VND 2 billion, to pilot, implement, or scale up their proposed initiatives.
Notable technical support items include training to enhance capacities related to ESG, green transition, circular economy, and inclusive business; hiring consultants for strategic advice and action plans on sustainable business; developing sustainability/ESG reports for the first year; conducting greenhouse gas inventories and developing emission reduction plans; organizing events and training for supply chain partners on sustainable business practices, and more.
The top 3 winning enterprises of the Vietnam ESG Initiative 2024 received technical support worth up to VND 2 billion to pilot the implementation or scale-up of their sustainable business initiatives (Photo: IPSC)
The Vietnam ESG Initiative 2024 attracted nearly 150 registrations from private enterprises, cooperatives, and businesses. The three ultimate winners were Shinec Joint Stock Company, Ecoka Joint Stock Company, and Saigon Industrial Investment Corporation (Secoin), with EMIC Hospitality Company Limited receiving the Prospective Enterprise award.
Private enterprises, cooperatives, and businesses with intentions and commitments to act on ESG implementation, transition to, or expand sustainable business models can register for the program before 5:00 pm on November 30, 2024, at https://bit.ly/dangky-esg-2025.
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