Sustainable Development Report 2024: Vinafco and FPT Digital Join Forces for a GRI-Standard Publication

This report adheres to the latest standards set by the Global Reporting Initiative (GRI), issued by the Global Sustainability Standards Board (GSSB). It showcases how Vinafco’s sustainability efforts align with the United Nations Sustainable Development Goals (SDGs). The overview affirms the company’s strategic direction of integrating Environmental, Social, and Governance (ESG) factors into its operations, with the dedication of its employees, partners, customers, and community, working together towards a green and sustainable future for the logistics industry in Vietnam.

Vinafco – Forging a Sustainable Future in Logistics for 37 Years

For over 37 years, Vinafco Joint Stock Company has established itself as one of the leading logistics companies in Vietnam. Starting with a traditional freight forwarding model, Vinafco has evolved into a provider of integrated logistics services and comprehensive supply chain solutions, trusted by numerous domestic and international corporations. Throughout this journey, Vinafco has remained steadfast in its commitment to sustainable development, balancing business performance with social and environmental responsibilities.

With a vision to become one of the top five integrated logistics and supply chain solution providers in Vietnam, Laos, and Cambodia by 2025, Vinafco recognizes ESG not merely as a trend but as a core principle in its governance and operations. Adhering to ESG principles demonstrates Vinafco’s clear commitment to building a sustainable future, where the company goes beyond profits and embraces its responsibilities towards society, the environment, and future generations.

Inaugural Sustainability Report: Vinafco Lays the Foundation for a Green Logistics Ecosystem

Driven by its sustainable development vision embedded in its overall strategy, Vinafco has proactively translated sustainability values into concrete actions, consistently implemented across its system. The environmental, social, and governance principles, considered the three vital pillars in the new development philosophy, have become the common thread running through all of Vinafco’s activities. ESG-oriented actions are not merely isolated efforts in environmental protection, social initiatives, or governance; they are integrated into the core business strategy to enhance operational efficiency, foster innovation, and optimize Vinafco’s performance. As a result, ESG is becoming a strategic lever, helping Vinafco reinforce its long-term competitive advantage, create sustainable value, meet stakeholders’ expectations, and unlock future growth opportunities.

This transformative journey began in March 2024 when Vinafco, in collaboration with FPT Digital of the FPT Group, held the “Green Journey” inauguration event, marking a strategic milestone and a new chapter in Vinafco’s sustainable development journey. It clearly demonstrated the company’s commitment to actively partnering with the government, businesses, and stakeholders in the pursuit of sustainable development goals.

Following this path, Vinafco, in collaboration with FPT Digital and the FPT Group, officially released its first Sustainability Report in 2024. The report follows the GRI standards, the globally recognized reporting framework issued by the GSSB, reflecting how Vinafco’s sustainability efforts align with the UN SDGs.

Vinafco Sustainability Report 2024

The report serves as a transparent, comprehensive, and up-to-date source of information for stakeholders, including investors, customers, partners, and the community, on the company’s current status, concrete steps in its sustainable development strategy, and future improvement plans. Moreover, it underscores Vinafco’s commitment to responsible, long-term, and inclusive development. In a dynamic and challenging global business environment, the release of the first sustainability report has fueled Vinafco’s internal drive to continuously enhance its governance model, optimize operational efficiency, and maintain comprehensive growth momentum.

Green Logistics – Vinafco’s Inevitable Strategy for Enhanced Competitiveness and Sustainable Development

According to the Vietnam Logistics Report 2024, green and sustainable logistics is becoming a significant trend in Vietnam, especially with the nation’s commitment to achieving net-zero emissions by 2050. This trend is not only guided by policy directions but also reflected in the concrete actions of businesses and evolving market demands. A report by the Ministry of Natural Resources and Environment, published in January 2024, revealed that 53% of medium and large-scale logistics enterprises have started implementing energy-saving solutions in transportation and warehousing. Additionally, a 2023 survey by the VLA showed that 65% of corporate customers prioritize working with logistics service providers with environmental certifications, indicating that green transformation is becoming a critical competitive factor in the logistics market.

For Vinafco, this green transformation is not just a moral responsibility to society and the environment but a central strategy for establishing long-term sustainability. As sustainability standards increasingly serve as a “passport” for businesses to enter the global value chain, investing in green logistics enables Vinafco to expand its development horizons, attract strategic partners, and enhance its credibility in both domestic and international markets.

To fulfill this mission, Vinafco’s 2024 Sustainability Report is built on four main pillars: Economy, Environment, Society, and Governance.

Economic Development: The report highlights Vinafco’s relentless efforts to boost business performance through innovation, advanced technology adoption, and market expansion. 2024 marked Vinafco’s expansion into freight forwarding services, underscoring its crucial role in connecting international supply chains. Notably, Vinafco has digitized its transportation management system (TMS) and warehouse management system (WMS) with ERP integration and organized the “Igniting Ideas” contest to encourage technological innovation across all logistics activities.

Shaping a Green Logistics Chain: To realize its sustainable development vision, Vinafco is firmly committed to environmental protection in all its operations. The company has implemented notable initiatives to reduce negative environmental impacts, such as Slow Steaming, which saves 30% of ship fuel consumption, along with strict adherence to IMO and MARPOL international maritime standards, contributing to the protection of marine biodiversity. Vinafco also focuses on the recovery and treatment of environmentally harmful materials, such as batteries, waste oil, and oily rags, to minimize negative impacts on the ecosystem.

Collaboration with Stakeholders: With the philosophy of sustainable development through close collaboration with stakeholders, Vinafco prioritizes the safety and health of its employees. The company is committed to 100% compliance with occupational safety regulations, providing nearly 6,000 hours of training and specialized programs through its E-learning system. Additionally, Vinafco offers practical welfare policies, stable working conditions for local employees (accounting for 46.2% of the total workforce), and expanded career opportunities for veterans. These measures not only enhance the quality of human resources but also contribute to the sustainable development of the community.

Transparent Governance and Operations: Vinafco demonstrates its ongoing commitment to strengthening internal governance, compliance, and accountability to customers and stakeholders. The company maintains ISO 9001, 22000, 14001, and 45001 certifications and adheres to HSE (Health, Safety, Environment) policies with all its suppliers. This year, Vinafco established a permanent ESG Board to oversee activities related to the environment, society, and governance, ensuring that all business decisions and activities are directed towards the long-term benefit of the community.